business
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.
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.
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