New York: Micron Technology Inc. (NASDAQ: MU) continued its impressive rally on Thursday, capping a remarkable 25% monthly gain as investors cheered the company’s ambitious plans to expand U.S.-based semiconductor production and research. The stock closed the day marginally higher at $116.12, building on strong momentum that has reversed earlier year-to-date weakness.
While Thursday’s session saw only a 0.08% gain, the intraday chart showed steady upward movement, indicating continued buying pressure as market sentiment around Micron’s long-term positioning improves.
U.S. Expansion Plan Signals Long-Term Growth
Micron’s rally follows its announcement of a $200 billion investment initiative aimed at dramatically increasing domestic memory chip manufacturing. The plan includes $150 billion for production capacity and $50 billion for research and development, reinforcing Micron’s commitment to maintaining technological leadership in the AI-driven memory market.
The company aims to produce 40% of its DRAM supply in the United States, supporting a broader national effort to restore domestic semiconductor capabilities. The expansion is expected to create up to 90,000 jobs across the semiconductor supply chain and marks one of the most significant manufacturing investments in U.S. history.
The buildout includes:
- Two high-volume fabrication plants in Idaho
- Up to four fabs in New York
- The modernization of its Virginia facility, bolstered by a $275 million CHIPS Act grant
- Establishment of advanced packaging capabilities for High Bandwidth Memory (HBM), critical for AI workloads
Micron Stock by the Numbers
Micron’s stock has now delivered a 7.4% gain over the past five trading days and a 36.6% increase year-to-date. Despite a 16% decline over the past year, the stock maintains a five-year return of over 130%, and its all-time gain exceeds 8,000%, underscoring its long-term value for investors.
With demand for memory chips surging due to advancements in artificial intelligence, cloud computing, and data centers, analysts view Micron’s aggressive investment as a strategic response to future market needs.