MU is trading at $399.05 (+6.91%) as shares climb alongside a broader market rally fueled by a robust January jobs report.
- Nonfarm payrolls reached 130,000, beating analyst forecasts and lifting the S&P 500 and Nasdaq by 0.55% and 0.61%, respectively.
- While no company-specific news was released today, the stock continues to benefit from AI super-cycle optimism and high-bandwidth memory (HBM) shortages.
- The upward momentum follows positive sentiment from Q1 FY2026 results as demand for AI-related hardware remains a primary growth driver.