BREAKING: Micron stock, $MU, is officially trading above its July 2000 peak for the 2nd time in history.
Micron is trading in all time high territory, 15% above its Dot-com bubble peak, after reporting strong earnings.
The company reported that revenue rose to $5.8 billion from $3.7 billion due to AI demand.
It also saw a massive swing in net income going from a $2.3 billion loss to a $793 million gain.
$MU is officially worth over $100 billion by market cap.
The AI boom is thriving.
Chip stocks are up sharply across the board after Micron's earnings.
We are set to see major market indices open in all time high territory.
Market euphoria is alive and well as we have seen since October 2023.
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