Micron Technology shares, buoyed by an AI-driven rally, extended gains on
Thursday and were at one point near 20% higher, briefly overtaking Meta
Platforms and Tesla in market capitalization. Gains later narrowed to about 10%,
leaving Micron’s market value around $1.3 trillion. The move followed Wednesday
after-hours guidance for Q4 revenue and profit that helped reverse recent
losses. Micron said customers have committed about $22 bln to secure memory-chip
supply.