Micron Shares Rise 0.7% Overnight After Musk Comments on Memory Prices
Elon Musk said Micron has been fairer than other vendors in setting future memory prices. Micron shares rose 0.7% in overnight trading.
SpaceX CEO Elon Musk said Tuesday that Micron Technology (MU) has been fairer than other vendors in setting future memory prices. He described the approach as a “smart move for long-term customer loyalty” and a risk for competitors. 7% in overnight trading late Tuesday, providing a modest reprieve.