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Micron Stock Surges After Earnings Top Expectations

·1 min

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.