Micron stock jumps 9% as soaring prices from memory crunch lead to quadrupling of revenue

AI Summary

Micron's stock surged 9% as a memory chip price spike led to a quadrupling of revenue this quarter. The company's strong earnings followed a 700% stock price increase over the past year.

Micron's quarterly earnings report follows a 700% surge in the memory maker's stock price over the past year.