MU is trading at $385.50 (+4.10%) today, rebounding from Friday's close as NVIDIA's HBM4 supplier selection for its Vera Rubin platform lifts sentiment for memory chip demand.
- NVIDIA named Samsung and SK Hynix as exclusive HBM4 suppliers, signaling a robust long-term outlook for the AI-driven memory sector where MU remains a key provider.
- The stock is significantly outperforming the NASDAQ (+0.85%) as it recovers from a previous close of $370.30, driven by clear AI sector tailwinds.
- Gains come despite broader market volatility and geopolitical tensions, as investors focus on the company's role in the NVIDIA HBM supply chain.