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Why Micron Technology Stock Skyrocketed 87.8% Last Month But Is Falling in June
The Motley Fool·
Micron Technology surged 87.8% in May driven by strong AI and data center chip demand, pushing its valuation above $1 trillion. However, the stock has fallen roughly 11% in June amid concerns about inflation, potential Federal Reserve rate hikes, and wavering confidence in the AI trade following a mixed market reaction to Broadcom's earnings.
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