MU is trading at $792.89 (+3.43%) as the ongoing Strait of Hormuz blockade creates a helium shortage that provides a strategic advantage over its Korean memory chip competitors.
- Shares are rebounding from a 3.6% drop in the previous session, following a pre-market surge of +6.1% to $813.72.
- The crisis, now in its eleventh week, is fundamentally reshaping the global memory chip supply chain and driving increased investor confidence in MU's market position.
- The broader market remains mixed, with the Nasdaq showing slight gains as supply chain disruptions continue to influence sector performance.