Micron (NASDAQ: MU) stock surged 7% on March 12th, catalyzed by the February CPI report. The CPI report was better than expected, showing inflation cooling compared to the previous month and alleviating some market fear.
Assuming the CPI continues to moderate in the coming months, it will allow the FOMC to cut interest rates again and mitigate some of the risk associated with Trump’s tariffs. But that’s not why Micron’s stock surged.
