TradingKey – Micron Stock Surges Over 6% in a Single Day to Break $1,000; Can It Rewrite All-Time Highs in September?

Last Friday (September 4), Micron Technology (MU) stock bucked the trend to surge over 6%, strongly breaching the $1,000 mark to close at $1,016.59. Notably, all three major U.S. stock indices fell collectively during the same period, but memory stocks such as Micron, SK Hynix (SKHY), SanDisk (SNDK), and others staged a collective rally.

Micron stock price chart, Source: TradingView

Last Friday, the U.S. released a strong non-farm payrolls report, triggering market concerns over cooling Federal Reserve rate-cut expectations and rising U.S. Treasury yields, which put pressure on the three major U.S. stock indices. However, the…