Micron’s AI memory rally is still running hot

What happened: Micron (MU) banal jumped Friday, putting the memory-chip shaper connected way for its seventh consecutive intraday grounds high, adding to its play summation of implicit 30%.

What’s down the move: The rally is tied to the AI representation boom, wherever request for high-bandwidth representation and different precocious chips has turned Micron into 1 of the market’s biggest AI hardware winners. The banal is present up 120% since its March 30 debased and astir 1,000% from its April 8, 2025, post-Liberation Day low.

By the numbers: Micron has deed 28 intraday records this twelvemonth and added $437 cardinal successful marketplace worth since March 20, lifting its valuation to astir $800 billion.

Micron is present the fourth-largest spot stock, down Nvidia (NVDA), TSMC (TSM), and Broadcom (AVGO). It ranks 13th successful the S&P 500, down JPMorgan Chase (JPM) and up of AMD (AMD). In the Nasdaq 100, it ranks 10th, conscionable down Walmart (WMT) and up of AMD.

Micron was not unsocial Friday. SanDisk (SNDK), Applied Materials (AMAT), ASML (ASML), Intel (INTC), AMD, and Nvidia besides deed intraday records. Smaller names connected that list, including MACOM Technology Solutions (MTSI) and AXT (AXTI), person each notched much than 30 intraday records this year.

What other you request to know: The adjacent cardinal country is beneath the tape. Micron’s aged breakout portion astir $465 to $470 is present the enactment country to watch. However, that’s 34% beneath the existent trading level.