The race for artificial intelligence, and the semiconductors that drive its development, is still ongoing for the U.S. technology sector. This time, however, it is one of the more or less forgotten tech names that has recently earned the attention of the markets: Micron Technology Inc. (NASDAQ: MU).
Considering that it has fallen behind leaders like NVIDIA (NASDAQ: NVDA) in recent quarters, a performance gap that will eventually have to be closed. And today’s price action suggests a shift is underway. More than just price action, surging participation in Micron shares and call options signals that traders may be positioning for a significant move.
