Micron Stock Surges on Insider Buying Amid AI-Driven Demand
Micron Technology shares rallied more than 5% Friday after board member Mark Liu, former TSMC co-CEO, disclosed a $7.8 million personal investment in the memory chipmaker. The purchase signals strong confidence in Micron's position to capitalize on booming AI data center demand.
The stock has nearly tripled over the past year as hyperscalers scramble for high-bandwidth memory solutions. Liu's transaction—executed after this dramatic run-up—carries particular weight given his semiconductor industry pedigree. Micron now ranks among the top performers in both the S&P 500 and Nasdaq 100 indices.
Memory chips have become the unsung heroes of the AI infrastructure buildout, with Micron's DRAM and NAND products seeing unprecedented demand. The company recently guided for record revenue in its upcoming earnings report, suggesting the momentum may just be beginning.
