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Micron Stock Rebounds as Memory-Chip Shortage Drives Gains
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Micron Technology stock was rising sharply early Monday amid a resurgence of the artificial-intelligence momentum trade, alongside reminders of the shortage in memory chips. Micron shares were up 8.1% at $1,061.30 in early trading with markets cheered by the prospect of a U.S.-Iran peace deal. Shares have been volatile as investors debate Micron’s valuation.