Micron Technology Inc is trading 7% up at $1050.41 in pre-market as investors pile into AI-related memory names amid a broader surge in risk assets.
- Broader U.S. futures are firmly higher following a U.S.–Iran peace deal, which has eased global inflation concerns and boosted market sentiment.
- Global demand for advanced memory is further underscored by Japan’s Kioxia becoming the country’s most valuable firm, highlighting the strength of the AI chip sector.
- The move extends the recent volatile run for the stock as it remains a primary beneficiary of the ongoing shift toward high-performance AI hardware.