BusinessQuiet 87d · day 94
Micron rallies past $1,000, then retreats as bond yields rise
Memory chip maker's stock surged to a key threshold this week before falling back amid broader market pressure.
What to know
- Micron crossed the $1,000 per share threshold on August 17, driven by improving memory chip pricing and positive sector dynamics.
- The stock reversed sharply on August 18 as rising bond yields pressured semiconductors, erasing the week's gains.
- Analysts remain bullish long-term—Jim Cramer cited potential for further doubling—but near-term momentum is contested by macro headwinds.
Micron Technology Memory chip manufacturer
Jim Cramer CNBC financial analyst
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