Why Are Micron Technology (MU) Shares Soaring Today

Shares of memory chips maker Micron (NYSE:MU) jumped 18.2% in the morning session after the company reported impressive fourth-quarter earnings results. Micron beat across most of the key metrics we track, including revenue, operating profit, and EPS. Notably, the company recorded a whopping 93% revenue growth compared to the previous year, showing that the AI party is still ongoing for the memory chip maker. Management attributed the outperformance to the growing demand for memory chips that po