Hlib Chabaniuk

Micron climbs 19.3 percent for its biggest gain since 2011, Gunjan Banerji notes

Micron climbs 19.3 percent for its biggest gain since 2011, Gunjan Banerji notes
Micron joins U.S. top ten companies

Gunjan Banerji reports that Micron has closed with a market value exceeding $1 trillion, surpassing Walmart and becoming the tenth largest company in the U.S.

The company’s shares jumped 19.3 percent, marking their biggest one-day increase since 2011.

Banerji previously reported that the SOX index is trading 60% above its 200-day moving average, a level not seen since March 2000 and July 1995, in recent analysis. In a separate piece, she noted hedge funds saw record $90 billion inflows over two quarters, sending total assets to a new high in asset growth data. These observations come as markets continue to register outsized moves across sectors.

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