Micron Surges to a New High—Can the AI Storage Rally Continue?

According to BiyaPay market data, Micron Technology (MU) rallied sharply after its earnings release. On June 25, U.S. stocks closed up 15.7% at $1,213.56, hitting an intraday high of $1,255 to set a new all-time intraday peak. Micron’s latest financial report shows its third fiscal quarter revenue reached $41.46 billion, beating market expectations of around $35.7 billion; adjusted earnings per share came in at $25.11, exceeding the consensus estimate of $20.49. The company also projected fourth fiscal quarter revenue of approximately $50 billion, higher than the market’s forecast of around $43.2 billion. A key focus for the market is that AI demand is expanding from GPUs to storage segments including high-bandwidth memory, DRAM, and NAND. Micron disclosed it has signed 16 long-term supply agreements, which analysts view as an important signal to boost the visibility of its future revenue and profits. Driven by Micron’s earnings, storage-related stocks including SanDisk, Western Digital, and Seagate rose in tandem. As a global one-stop multi-asset allocation platform, BiyaPay supports investments in diverse markets such as U.S. stocks, Hong Kong-listed equities, and digital assets, and offers zero-commission U.S. stock trading services. Users can track developments of global tech leaders in real time to seize investment opportunities brought by the AI wave.