MU Stock Soars as Micron’s Revenue More Than Quadrupled in Q3

Micron (MU) stock is ripping higher on June 25 after the memory chip giant posted a blockbuster Q3, featuring a 346% year-over-year increase in revenue to $41.46 billion.

As investors reacted to management’s impressive guidance for about a 20% sequential growth in the current quarter, MU’s relative strength index (RSI) soared into the mid-60s, signaling the stock is now approaching “overbought” territory.