Tradingkey – On July 9, Eastern Time, Micron Technology ( MU) shares reclaimed the $1,000 level, rising 7.69% to $1,021 at the time of writing. Since hitting an all-time high of $1,254.8 on June 25, Micron’s stock has pulled back by more than 10%. The early session surge in share price today was catalyzed by multiple favorable factors.

[Source: TradingView]

Micron announced today that it is boosting its previously disclosed US domestic expansion plan to $250 billion, an increase of $50 billion from its original commitment. This move underscores the explosive growth in demand for memory chips driven by the AI infrastructure boom. The projects cover multiple plant construction plans in New York, Idaho, and Virginia, with overall capital…