Why Micron Technology Stock Is Up on Monday
Shares of semiconductor specialist Micron Technology (NASDAQ: MU) jumped on Monday, rising as much as 5.6%. As of 1:15 p.m. ET, however, the stock was up about 2.4%.
The tech stock's gain builds on its momentum over the last 30 days. Furthermore, investors are digesting the Friday afternoon announcement from the company of the validation of a new memory product for artificial intelligence and 5G innovation for smartphones.
Image source: Getty Images.
Source Fool.com