Right on the heels of an explosive rally yesterday, Micron decided to add some frosting to the cake with their own earnings announcement, and MU blasted higher after-hours. It is at a record high. Again.
This helped boost the semiconductor sector fund, although not itself at lifetime highs. Ever since the zany turnaround with NVDA on March 8th, there’s still a bit of indigestion going on there.
I am particularly intrigued by the price gap I pointed out yesterday on Advanced Micro Devices, which held beautifully this morning, even with the Micron mania going on right next door.
