MU is trading at $385.60, up 3.31% in pre-market as the stock recovers from a volatile week that saw a 9.55% decline on February 4th.
- The pre-market gain follows broader market strength, with the S&P 500 and Nasdaq edging higher despite a lack of company-specific news overnight.
- Micron continues to benefit from the AI super-cycle, recently reporting record fiscal Q1 2026 revenue of $13.6B, a 57% year-over-year increase.
- Sustained demand for AI memory remains a primary driver for the stock's performance, positioning the company as a key beneficiary of the sector's growth despite elevated valuations.