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Why Micron Stock Popped Today

·2 min read
Why Micron Stock Popped Today
In this article:
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  • MU
  • MFG
  • AMZN

Shares of computer memory-maker Micron Technology (NASDAQ: MU) jumped out of the gate Tuesday, rising as much as 4.6% before turning tail and retreating to a 2.2% gain as of 11:25 a.m. ET. You can thank investment bank Mizuho for the reprieve. Citing improving demand for memory in personal computers, in servers, and in smartphones as well, Mizuho announced today that it is upgrading shares of Micron stock (and Western Digital (NASDAQ: WDC) stock as well) to buy.