The S&P 500 and Nasdaq hit highs and many stocks flashed buy signals on just-right economic data. Nvidia topped a $3 trillion valuation, passing Apple.
Micron Technology's (MU) strong portfolio and expanding customer base make it a buy at present.
Semiconductor companies have been boosting production capacity on expected growing demand for chips used in virtually all electronics. "This investment will support the production of leading-edge memory chips, notably to meet the growing demand for computing capacities required by artificial intelligence," said Matthieu Giard, Air Liquide's CEO for the Americas. Micron this year started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia's latest chip for artificial intelligence.