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Summary
Micron (MU) closed at $811.30 on November 11, 2026, up 11.89%, or 10.29 percentage points ahead of the Nasdaq Composite.
Financial media tied the rally to CoreWeave's third-quarter results, and GuruFocus also pointed to Micron's $1 billion allocation in Anthropic's IPO private placement.
Memory peers also climbed, with Sandisk up 13.69%, while Micron still closed 35.35% below its 52-week high.
Gotrade News - In the latest Micron stock news, shares of Micron (MU) closed at $811.30 on Wednesday, November 11, 2026, up $86.19, or 11.89%, in the US session. Micron stock climbed as financial media tied a broad memory-chip rally to CoreWeave's third-quarter results, which eased fears that AI infrastructure spending was slowing.
MU Trading Data
Data
Value
Closing price
$811.30
Change
+$86.19 (+11.89%)
Previous close
$725.11
Open
$777.14
Day range
$763.05 to $827.58
Volume
36.7 million shares
30-day average volume
29.9 million shares
52-week range
$192.59 to $1,255.00
Regular-session close on Wednesday, November 11, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 12, 2025. Indices: Yahoo Finance daily closes for the same date.
Micron opened at $777.14, above Tuesday's close, and reached a high of $827.58 during the session before settling $48.25 above the day's low. Trading volume ran 22.84% above the stock's average.
The gain far outpaced the broader market. The Nasdaq Composite rose 1.60% to 25,466.19, the S&P 500 added 1.31% to 7,619.38 and the Dow Jones Industrial Average gained 0.49% to 52,486.49, leaving Micron 10.29 percentage points ahead of the Nasdaq.
Memory and AI infrastructure names led the session. Sandisk (SNDK) rose 13.69%, CoreWeave (CRWV) climbed 24.71%, Dell gained 11.75% and Marvell added 9.33%, while Nvidia rose 2.87%. Even after the rally, Micron closed 35.35% below its 52-week high of $1,255.00 and 321.26% above its 52-week low of $192.59.
Financial media tied the rally mainly to news from outside Micron. CoreWeave reported its third-quarter results on Tuesday, and according to Benzinga, memory stocks rallied on Wednesday because the numbers eased fears that AI infrastructure spending was slowing. Benzinga reported that CoreWeave's quarterly revenue rose 168% to $3.66 billion, its backlog reached $132.5 billion and it raised the lower end of its annual capital spending forecast to $37 billion.
Speaking to CNBC on Wednesday, CoreWeave CEO Michael Intrator said "the demand for the infrastructure is and remains overwhelming," as cited by Benzinga, which added that CoreWeave has about 10 times as much demand as its remaining 2027 computing capacity. The rally also followed a sharp selloff in memory stocks the prior week, the outlet noted.
Micron also had news of its own. As reported by GuruFocus, the amended filing for Anthropic's initial public offering named Micron for a $1 billion allocation in the concurrent private placement, or 13,513,513 shares at the $74 midpoint. GuruFocus linked Wednesday's move to both the CoreWeave results and the Anthropic allocation.
MU Stock Analysis: Supporting Factors and Risks
Supporting Factors
Micron's fiscal fourth-quarter 2026 revenue reached $54.23 billion, up 379.3% from a year earlier, with a gross margin of 87.0%, and the company guided fiscal first-quarter 2027 revenue to $61.5 billion, plus or minus $1.5 billion, per 24/7 Wall St.
Benzinga noted that Micron CEO Sanjay Mehrotra said on the September earnings call that more than 75% of Micron's 2027 output was already committed, and that he expects demand to exceed supply in 2027 and 2028.
Benzinga also cited TrendForce forecasts for conventional DRAM contract prices to rise 10% to 15% in the fourth quarter and NAND flash prices to rise 15% to 20%.
Risks
Benzinga said sustaining the rebound depends on whether data-center operators can finance and complete their infrastructure.
The prior week's memory selloff came after midterm results raised fears that a Democratic-controlled Congress could slow data-center construction, according to Benzinga.
Memory is cyclical: 24/7 Wall St. noted that Micron's Idaho fab should produce first wafers in mid-calendar 2027, and pricing power could fade as new supply arrives.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
