TradingKey – Micron continues to surge and hit new highs today, poised to break through the $1,200 mark ahead of its earnings release.

On June 22, Eastern Time, Micron ( MU) Technology’s stock price extended its gains to hit another record high. In pre-market trading, Micron’s stock price surged 4.62% to temporarily stand at $1,188.50. Not only Micron, but other memory-related stocks also rose. Among them, Western Digital ( WDC) rose over 6%, SanDisk ( SNDK) and Seagate Technology ( STX) rose over 4%, and Silicon Motion ( SIMO) rose by about 2%.

Notably, the broad rally in Micron Technology and the entire memory sector was not accompanied by any specific positive news. It is more likely catalyzed by market optimism ahead of Micron’s…