Why Micron Stock Is Still Going Up

Micron stock surged 13.4% on Tuesday following TSMC's announcement of price increases up to 10% for contract chip manufacturing in 2027. The price hike, driven by rising input costs, suggests strong AI chip demand allows manufacturers to raise prices without losing customers. Bank of America analyst also noted that cheaper Chinese AI models may require more memory chips than American alternatives, providing additional upside for Micron.