Shares of Micron jumped sharply to open 2026, closing up more than 10% Friday, according to WSTM. Investors pushed chip stocks higher on fresh optimism around artificial intelligence and demand for high-performance memory.
Most of Micron Technology’s revenue comes from DRAM and NAND memory, key components for AI systems. The company supplies specialized memory to NVIDIA, a major driver of the current AI boom. Micron closed at $315.29, nearly $30 above its opening price.
The rally adds momentum as Micron prepares to start construction on its massive semiconductor facility in Clay early this year, with chip production planned for 2030.
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