Micron price jumps to record high

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Source: Dukascopy Bank SA


The stock price of Micron Technologies has surged more than 17.00% at the start of Thursday's trading. The shares trade at a record high at $113.30.

This jump of company's value occurred due to the firm reporting high earning per share, instead of an expected loss. Markets forecast a loss per share of $0.253, but the firm made earnings per share of $0.42.

In addition, the company has announced that clients have booked its production with amounts that are set to keep the firm working at full capacity throughout all of 2024 and a big portion of 2025. Meanwhile, new orders keep coming in.
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