This week, Micron Technology's stock price witnessed a remarkable surge, propelled by the ongoing global scarcity of memory chips. By the close of trading on Friday, Micron's stock price had reached $746.81, marking a daily increase exceeding 15%. Over the course of the week, the stock had accumulated a nearly 38% rise, and over the past month, it had surged nearly 84%, catapulting the company's market capitalization beyond the $840 billion threshold. This robust demand for memory chips is largely attributed to the accelerating pace of artificial intelligence hardware development.
