Why Micron Technology Stock Gained On Monday

Micron Technology stock jumped 6.3% on Monday as chip stocks recovered from last week's midterm-driven sell-off. While the company posted strong quarterly results with 379% year-over-year revenue growth, the author warns that the stock price is heavily dependent on continued data center expansion. Political opposition to data center construction, particularly at the local level where 40 of 41 ballot measures went against the industry, poses a significant risk to future growth.