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Micron Technology, Inc. (NASDAQ:MU) shares are surging on Friday. The stock reached new all-time highs of $683.09. This move pushes the company’s market capitalization toward $730 billion.
Nasdaq futures are up 0.81% while S&P 500 futures have gained 0.52%.
Cramer Sees Secular Shift
CNBC’s Jim Cramer stated Tuesday that Micron benefits from a structural shift in storage. He argues the AI buildout creates a secular trend rather than a short-lived cycle.
Cramer noted that conversations with Amazon.com Inc (NASDAQ:AMZN) executives reinforced this bullish view. He praised CEO Sanjay Mehrotra for recognizing the demand wave early.
The ‘Memflation’ …
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