Why Micron Stock Is Surging Today

• Micron stock rose 6.5% on bullish momentum. • Strong results from CoreWeave and Nebius boosted outlook. • US lobbying against Chinese memory chips aids MU. Micron (MU) shares jumped 6.5% Wednesday as investors cheered lobbying against Chinese memory chips and upbeat Q2 results from AI cloud firms CoreWeave and Nebius. Both companies exceeded sales forecasts, lifting demand prospects for Micron’s high-bandwidth memory chips. The stock is still down 6% over the past month. U.S. officials and Micron are pushing to block Chinese memory in Apple devices amid national-security concerns, easing valuation pressure on MU.