MU is trading at $660.29 (+3.14%) as the stock extends gains following the launch of its 245TB 6600 ION data-center SSD for AI workloads.
- The rally has propelled Micron's valuation past the $700 billion mark, driven by surging demand for High Bandwidth Memory (HBM) used in AI infrastructure.
- Broader market sentiment is bolstered by progress in US-Iran ceasefire talks and strong tech earnings, with chip peers like AMD and SMCI also seeing significant gains.
- The Nasdaq is currently up 1.37% as the semiconductor sector leads the daily advance.