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Actionable news in MU: Micron Technology, Inc.,

Here's Why Micron (MU) Stock Is Surging Today

NEW YORK (TheStreet) -- Micron Technology (MU - Get Report) stock is up 9.23% to $11.52 in late-morning trading on Tuesday after rival chipmaker SK Hynix (HXSCL) said it anticipates DRAM shipment growth of roughly 15% in the second quarter.

SK Hynix's optimistic outlook might be a sign that memory-chip prices will improve after weak growth in China and other markets weighed on sales of electronics products, Bloomberg reports. DRAM chips and NAND flash memory are used in smartphones, tablets, personal computers and gaming consoles.

"The company's shipment growth forecast seems aggressive...


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