Why Was Micron Technology Stock Up Today?
Intel's warning that the memory shortage could worsen next year reminded investors why Micron's pricing power has been so extraordinary.
Overview
Micron Technology (NASDAQ: MU) stock rose roughly 5.5% on Thursday, Sept. 17, after Intel warned that the memory shortage could get worse.
The S&P 500 and the Nasdaq Composite rose 1.1% and 1.7%, respectively.
Details
At a Sept. 15 conference, Intel CEO Lip-Bu Tan said that "memory production capacity is very limited and that "the situation will get even worse next year."
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.