Micron Adds $20 Billion in Value in Best Month Since 2009
Micron Technology Inc. Double-Data-Rate Synchronous Random-Access Memory (SDRAM) chips.
Photographer: Tomohiro Ohsumi/Bloomberg
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For Micron Technology Inc. investors, it paid to hold in May.
The largest U.S. maker of memory chips has added about $20 billion in market value this month fueled in part by a forecast for better-than-expected financial performance and a $10 billion share buyback plan. Micron’s 37 percent gain in May puts it on track for its best monthly performance since 2009. The stock is now trading at the highest since the dot-com bubble burst in 2000.