Micron Technology shares were moving higher early Wednesday after comments from SpaceX CEO Elon Musk pointed to a potentially strong outlook for memory prices.
The market reaction reflects investor interest in whether rising memory prices could support further gains for Micron stock. Musk’s view provided a fresh signal about the future direction of the memory market.
Micron could see additional upside if the expected increase in memory prices develops as projected. Investors are now weighing the potential impact of that outlook on the company’s shares.
