Micron shares soar 80% in a month amid global memory chip shortage and AI demand surge

Micron Technology's shares have surged 80% over the past month, driven by a global shortage of memory chips and rising demand fueled by the AI boom. The company's market cap has surpassed $820 billion, marking its best week since 2008. This rally reflects broader strength in the semiconductor sector, with AMD and Intel also posting significant gains. Memory chips like DRAM and NAND are critical for AI processing, and major producers including Micron, Samsung, and SK Hynix dominate the market. Increased capital spending by hyperscalers is expected to further boost demand and production investments.