Micron stock is up more than 350% in the past year thanks to a memory supply shortage driven by surging demand for Nvidia's AI chips.

Micron Technology (NASDAQ:MU) is down 4% in Thursday trading, with shares sliding to $445 from a prior close of $461.73. That’s a head-scratcher on the surface, because last night Micron posted what CEO Sanjay Mehrotra called record results across the board.

As a result, Micron Technology (NASDAQ: MU) has been experiencing incredible demand, and its stock is up an incredible 360% over just the past 12 months. Today, its market cap is close to $530 billion,

Micron Technology (MU) received praise from Wall Street after it reported much stronger-than-expected results and guidance. However, investors took profits after a historic run.

The memory-chip maker’s second-quarter revenue nearly tripled as AI-related demand for memory outpaces supply. Shares were

Strong memory demand has been a catalyst for this AI stock in recent months, a trend that's likely to continue.

Micron Technology (MU) is back in the spotlight after reporting record quarterly results, boosting its dividend, guiding for higher revenue and earnings in fiscal Q3 2026, and outlining fresh AI focused capacity expansions.

Micron Technology said it nearly tripled year-over-year revenue during a strong fiscal quarter on Wednesday, March 18.

Check out the companies making the biggest moves before the bell: Nebius Group — The artificial intelligence infrastructure company rallied 14% after announcing a deal with Meta. As part of the agreement,

Micron Technology, Inc. (Nasdaq: MU) today announced results for its second quarter of fiscal 2026, which ended February 26, 2026. Fiscal Q2 2026 highlights “Micron set new records across revenue, gross margin,