Qualcomm Jumps 8%, Micron Pops 4% as AI Semiconductor Rally Enters Parabolic Phase

Qualcomm Jumps 8%, Micron Pops 4% as AI Semiconductor Rally Enters Parabolic Phase

Shares of Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) are up roughly 8% to around $237 in early Monday trading, extending one of the most aggressive multi-week runs in large-cap semis. Micron Technology (NASDAQ:MU) is climbing alongside it, up about 4% to around $774. The moves follow a blistering Friday session, when QCOM closed up 8% ... Qualcomm Jumps 8%, Micron Pops 4% as AI Semiconductor Rally Enters Parabolic Phase

Micron Technology Stock Surges as AI Memory Shortage Puts MU at Center of Chip Rally

Micron Technology closed Friday at $746.81, up 15.49%, lifting its market value to about $853 billion amid surging demand for memory chips in AI data centers. The company reported fiscal Q2 revenue of $23.86 billion and forecast Q3 revenue of $33.5 billion. Micron and Sandisk shares both jumped over 15% as the Philadelphia Semiconductor Index rose 55% in Q2. Micron will present at the J.P. Morgan tech conference on May 20. The post Micron Techno…