Micron Stock Surges After Earnings Top Expectations
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Micron Posts Unexpected Quarterly Profit, Shares Surge
Tech company Micron reported an unexpected profit for the quarter, with the recovery in the memory-chip market happening faster than anticipated. Following the news, Micron’s stock saw a significant surge, as shares rose by nearly 15% to above $110 during morning trading. This year alone, the stock has experienced a 29% increase.