U.S. Stock Movement | Micron Technology rises over 10% in early trading, reaching a high not seen in over 14 months

On Thursday, Micron Technology rose over 10% in early trading, reaching a high of over 14 months at $153.48. On the news front, Oracle's financial report released on September 10 showed growth in cloud business and a $300 billion computing power contract signed with OpenAI, driving a collective rise in AI concept stocks, with Micron benefiting as a related semiconductor stock. Micron Technology primarily focuses on memory and storage products, including DRAM and NAND. Citigroup analysts predict that the surge in AI demand in 2026 will lead to a shortage of DRAM and NAND. Citigroup maintains a buy rating on Micron Technology and raises the target price from $140/$150 to $175