Market cap adds $97.5 billion in a day as Micron closes at $811
Micron $MU closed at around $811.30 in regular trading on the Nasdaq on Wednesday, up about 11.89% for the day, or around $86.19 above its previous close of $725.11.
It opened at around $777.14, reached a high of about $827.58 and a low of around $763.05, with about 36.712 million shares traded. Its market cap was about $917.9 billion, roughly $97.5 billion more than the previous trading day. In after-hours trading, before around 8 p.m., it was trading at about $788.93, down roughly 2.76% from the closing price.
Cloud computing company CoreWeave helped drive the rally. It reported third-quarter results on Tuesday evening. On Wednesday, company executives said demand for this kind of infrastructure exceeded the capacity the world could deliver, and that the remaining computing capacity for 2027 had been overbooked by about 10 times. CoreWeave closed at around $60.77 on Wednesday, up about 24.71% for the day.
Peers rose as well. Seagate gained about 9.99%, Western Digital rose around 8.34%, and the Philadelphia Semiconductor Index closed at about 10,564.11, up roughly 5.66%. Micron stock perpetuals on Binance were trading at around $807.14 at the time, up about 7.96% over the past 24 hours, with roughly 1.179 billion U in trading volume.
I’m personally leaning bullish. Memory stocks took a beating last week, with Micron hitting a low of around $650 on November 5. This rally came after demand was reaffirmed.
For beginners, I recommend watching more and trading less. If you buy crypto, only buy $BTC
Micron $MU closed at around $811.30 in regular trading on the Nasdaq on Wednesday, up about 11.89% for the day, or around $86.19 above its previous close of $725.11.
It opened at around $777.14, reached a high of about $827.58 and a low of around $763.05, with about 36.712 million shares traded. Its market cap was about $917.9 billion, roughly $97.5 billion more than the previous trading day. In after-hours trading, before around 8 p.m., it was trading at about $788.93, down roughly 2.76% from the closing price.
Cloud computing company CoreWeave helped drive the rally. It reported third-quarter results on Tuesday evening. On Wednesday, company executives said demand for this kind of infrastructure exceeded the capacity the world could deliver, and that the remaining computing capacity for 2027 had been overbooked by about 10 times. CoreWeave closed at around $60.77 on Wednesday, up about 24.71% for the day.
Peers rose as well. Seagate gained about 9.99%, Western Digital rose around 8.34%, and the Philadelphia Semiconductor Index closed at about 10,564.11, up roughly 5.66%. Micron stock perpetuals on Binance were trading at around $807.14 at the time, up about 7.96% over the past 24 hours, with roughly 1.179 billion U in trading volume.
I’m personally leaning bullish. Memory stocks took a beating last week, with Micron hitting a low of around $650 on November 5. This rally came after demand was reaffirmed.
For beginners, I recommend watching more and trading less. If you buy crypto, only buy $BTC
