Micron Technology is trading at $951.15 (+3.28%) following a sharp rebound in the memory chip sector and positive industry developments.
- Sector sentiment is being driven by a blockbuster CXMT IPO and reports of a new AI alliance among major chipmakers, sending DRAM stocks up 5.02% before the open.
- Broader tech futures remain firm, providing a supportive backdrop for the semiconductor industry.
- The upside move persists despite headline noise regarding Michael Burry disclosing short positions in both Micron Technology and Nvidia.