Bullish
Micron Technology (MU) shares surge 4.2%, closing at $971.66 on August 13, 2026.
Micron Technology's stock rose 4.2% on August 13, 2026, closing at $971.66. This increase was part of a broader rally in chip stocks, with the S&P 500 reaching a new record high. The surge was driven by strong demand for memory products, particularly in the AI sector, and positive inflation data.
Key points
- Micron's stock rose 4.2% on August 13, 2026, closing at $971.66.
- The S&P 500 reached a new record high, rising 0.7% to 7,798.
- Positive inflation data, with the Producer Price Index (PPI) unchanged month-over-month and up 4.7% year-over-year, encouraged investors.
- Strong demand for memory products, especially in the AI sector, contributed to the stock's rise.
Sources
AI-generated from public news sources. Not financial advice.
