Micron Pops, Expects Strong Demand From AI, Autonomous Cars, Cloud

Shares in Micron Technology (MU) popped for the second day after the memory-chip maker announced a $10 billion stock-buyback program, exceeding expectations, and played up long-term demand trends at its analyst day.

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Shares surged 6.4% to close at 59.03 on the stock market today. With Tuesday's gain, Micron is putting the finishing touches on a cup chart pattern, and is nearing a buy point of 63.52.

Micron has shot up 140% from a year ago. The Boise, Idaho-based company ranks No. 34 in...

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