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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
As investor focus sharpens on structural AI demand, Micron Technology shares surged 17% in early Thursday trading after a strong quarterly report highlighting $100 billion in AI memory demand. According to media reports, SanDisk shares rose 15% and Western Digital climbed 13%, driving a broad semiconductor rally.
The surge follows Micron closing at $1,048.51 on June 24, 2026, per market data, with an intraday high of $1,083.32. Western Digital closed at $643.83, hitting a high of $665. Analysts point to massive data-center demand for AI memory as the key growth catalyst across the three companies.
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Sign InTraders now watch near-term resistance at $1,083 for Micron, with support at $991. No major economic events are scheduled for the coming days that directly impact the sector, but attention remains on Q2 earnings season and capital expenditure updates from big tech firms.