Micron Stock Surges on AI Boom Despite Market Uncertainty

Micron Technology delivered a blowout quarter with revenue jumping nearly 200% and profits soaring almost 9x, driven by surging AI demand. The chipmaker reported earnings per share of $4.78 versus a $3.77 estimate and revenue of $13.64 billion against a $12.62 billion forecast. Analyst upgrades followed, with Citigroup raising its price target to $430 and maintaining a buy rating, pushing the stock up 5.1%. Read more about this...