Key Points Micron stock rose roughly 5.5% Thursday after Intel's CEO warned that memory supply constraints could worsen next year. Tight memory supply can strengthen Micron's pricing power, but the company is heading into earnings with exceptionally high expectations. Micron reported $41.46 billion in Q3 revenue and guided for about $50 billion in the current quarter. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) stock rose roughly 5.5% on Thursday, Sept. 17, after Intel warned that the memory shortage could get worse. The S&P 500 and the Nasdaq Composite rose 1.1% and 1.7%, respectively. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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