Micron Shares Rise 18.4% After Fiscal Q3 Revenue Jumps 346% to $41.5 Billion

Micron Technology shares rose 18.4% to $1,236 after the company reported fiscal third-quarter revenue of $41.5 billion, up 346% year over year. According to NS3.AI, the move lifted Micron's market value to $1.398 trillion, briefly putting it ahead of Meta Platforms. Micron also disclosed $22 billion in upfront customer deposits linked to memory chip supply contracts.