MU is trading at $517.46 (+4.17%) from its April 24 close, gaining momentum as Intel's strong Q1 results spark a broad rally across the semiconductor sector.
- The advance follows Intel's 25% surge yesterday, driven by a Q1 earnings beat, a new partnership with Tesla, and upbeat AI guidance.
- The Philadelphia Semiconductor Index reached a record high, lifting MU and other industry peers despite a lack of company-specific news.
- Today's move extends yesterday's 3.11% rise, with the stock significantly outperforming broader indices which remain largely flat.