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Investors in Micron Technology (MU) have ridden a rollercoaster that would test even seasoned nerves. The stock surged to an all-time high earlier this year as buyers chased a historic memory shortage, only to reverse sharply. Now, it has clawed its way back, proving momentum rarely travels in straight lines.
On Wednesday, April 22, MU stock reclaimed its swagger, hitting a fresh 52-week high of $491.98 while jumping 8.5% intraday. Markets cheered relentless demand for high-bandwidth memory (HBM) chips and latched onto hopes of easing Middle East tensions, injecting both fundamental strength and macro optimism into the rally.
