Micron soars 15% to hit record high as AI demand powers strong forecast

Memory chipmaker Micron Technology surged to a record high on Thursday after its strong revenue forecast fanned optimism that soaring demand for AI hardware would take the Nvidia supplier to new peaks.

The stock was last up 15%, lifting the broader Philadelphia chip index 3% higher. Micron, which reports earnings before its peers, helps in gauging broader semiconductor demand.

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