The memory stock has achieved incredible gains, and its valuation may still not look all that expensive when factoring in its near-term growth prospects.

Micron (MU) stock erased nearly $100B in value before rebounding sharply. A director sold $1.57M in shares days before the volatile session. Full analysis.

A major analyst just made a bold bull case for memory. Micron Technology (NASDAQ:MU | MU Price Prediction) stock picked up one of the most dramatic price target hikes a large-cap semiconductor has seen this cycle,

Micron rides a memory chip super-cycle from AI demand and shortages—EPS is set to surge and valuation stays low. Click to read my latest analysis of MU stock.

CNBC Pro screened the S&P 500 for stocks trading the furthest above or below their 200-day moving averages, relative to their own historical trading patterns.

Micron Technology remains undervalued despite explosive earnings growth and a pivotal role in the AI/data center supply chain. Read more on MU stock here.

Shares of Micron were up 9% in morning trading as the S&P 500 was unchanged. There was very little green on the board besides chip stocks and energy stocks because of a rise in oil. Intel was up more than 6% and Qualcomm was up more than 12% before both stocks pared initial gains.

Japanese memory supplier Kioxia announces plans to list American depositary receipts on a U.S. stock exchange.