Woofun AI reports that Micron Technology shares climbed 15.7% to close at $1213.56, touching an intraday peak of $1255 following its latest earnings release. The company recorded third-quarter revenue of $41.46 billion and adjusted EPS of $25.11, both surpassing market forecasts of $35.7 billion and $20.49 respectively. Management also projected fourth-quarter revenue near $50 billion, exceeding the expected $43.2 billion.

The market focus remains on the expansion of AI demand from GPUs into high-bandwidth memory, DRAM, and NAND segments. Micron revealed it has secured 16 long-term supply agreements, which analysts view as a positive indicator for future revenue visibility. This performance triggered simultaneous gains in other storage sector stocks, including SanDisk, Western Digital, and Seagate.