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Shares of Micron Technology (MU) rallied by more than 14% in a single trading session last week following its fiscal Q4 results. The company also forecast higher-than-expected sales for Q1 of fiscal 2025 (which ended in November), and the tech giant said that strong demand for its memory chips used in artificial intelligence (AI) computing is driving top-line growth.
MU stock has pulled back 34% from its 52-week highs, but the stock is up by about 52.5% over the past year, and 21.5% on a year-to-date basis.
