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Stock Market Today, Nov. 6: Micron Technology Jumps as Chip Stocks Rebound From Thursday's Rout

The Motley Fool·
Stock Market Today, Nov. 6: Micron Technology Jumps as Chip Stocks Rebound From Thursday's Rout

Micron Technology surged 5.12% on November 6, 2026, as semiconductor stocks rebounded from Thursday's sell-off. The rebound was driven by bargain hunting and strong AI memory demand, with Micron's forward P/E ratio of 3.8 appearing undervalued. Despite concerns about potential AI regulation following Democratic gains in midterm elections, investors refocused on Micron's record fiscal 2026 results and guidance for tight memory supply through 2028.

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