This Top Growth Stock Has Shot Up 43% in a Month. It Can Still Soar Higher
Shares of Micron Technology (NASDAQ: MU) have been on fire in the past month, jumping an incredible 43% as of this writing thanks to the broader recovery in tech stocks amid signs that the tariff-fueled global trade war could be cooling down.It is worth noting that Micron stock dropped substantially in the first three months of the year before its recent rally began in the first week of April. The stock's poor performance earlier in the year can be attributed to a potential drop in artificial intelligence (AI) hardware spending following the release of DeepSeek's cost-effective reasoning model, along with the negative stock market sentiment caused by the tariff turmoil.There were reports that Micron was looking to impose a surcharge on some of its memory products to account for the increase in manufacturing costs caused by tariffs. However, the recent talks between the U.S. and China presumably came as a relief for Micron, as both countries have decided to substantially reduce tariffs. Moreover, the Trump administration announced last month that it is pausing reciprocal tariffs for 90 days in order to negotiate trade deals with other countries.Continue reading
Shares of Micron Technology (NASDAQ: MU) have been on fire in the past month, jumping an incredible 43% as of this writing thanks to the broader recovery in tech stocks amid signs that the tariff-fueled global trade war could be cooling down.
It is worth noting that Micron stock dropped substantially in the first three months of the year before its recent rally began in the first week of April. The stock's poor performance earlier in the year can be attributed to a potential drop in artificial intelligence (AI) hardware spending following the release of DeepSeek's cost-effective reasoning model, along with the negative stock market sentiment caused by the tariff turmoil.
There were reports that Micron was looking to impose a surcharge on some of its memory products to account for the increase in manufacturing costs caused by tariffs. However, the recent talks between the U.S. and China presumably came as a relief for Micron, as both countries have decided to substantially reduce tariffs. Moreover, the Trump administration announced last month that it is pausing reciprocal tariffs for 90 days in order to negotiate trade deals with other countries.
