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Micron's Q4 earnings surpass Wall Street's expectations in latest test of AI trade

Micron (MU) stock rose early on Wednesday after the chipmaker reported fiscal fourth quarter earnings that surpassed Wall Street's expectations. The results after the bell on Tuesday are seen as a positive signal for the AI trade and for investors hoping the chipmaker's stock can sustain its recent upswing. The stock briefly climbed around 2% in premarket trading, having risen soon after the report to 171.50,aboveitsalltimeintradayhighlastweek.Micronsfiscalfourthquarterrevenueof171.50, above its all-time intraday high last week. Micron's fiscal fourth quarter revenue of 11.3 b ...