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Why Micron Stock Popped Friday
Shares of computer memory maker Micron Technology (NASDAQ: MU) are marching higher as the week winds down Friday, topping 7% in 11:35 a.m. ET trading on the back of positive commentary from Wall Street. As Citigroup reports today, the price correction in DRAM “is drawing to a close.” Citigroup made this pronouncement in a note covered on TheFly.com today, noting that higher demand for personal computers and servers is likely to boost demand for DRAM computer memory in Q4 2021 and into Q1 2022.