Why Micron Stock Popped Today
Shares of Micron Technology (NASDAQ: MU) were moving higher today after the memory-chip maker posted better-than-expected results in its fiscal second quarter.
As of 11:55 a.m. ET, the stock was up 5.8%.
Micron, which specializes in DRAM and NAND flash-memory chips, is still struggling with headwinds in the semiconductor industry, but the company managed those challenges in the second quarter, cutting expenses and reducing supply, and it expressed optimism about a recovery.
Source Fool.com
