Micron Stock Rebounds as Memory-Chip Shortage Drives Gains

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.