MU is trading at $772.42 (+3%) as the stock extends its AI-driven rally fueled by surging memory prices and speculation regarding a potential stock split.
- The stock jumped 9% on May 8 following reports of robust demand for AI components and a significant recovery in memory pricing.
- Momentum is building on speculation of a stock split after the share price surged 700% since 2020.
- Broader semiconductor sector strength persists even as overall market futures remain flat.