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Micron Technology's earnings caused the semiconductor market to rally.

Micron Technology (NASDAQ: MU) stock surged by about 16% in pre-market trading on Thursday, following a stronger-than-expected Q4 earnings report. Revenue rose 93% year-over-year to $7.75 billion, with adjusted earnings at $1.18 per share.

Micron Technology, Inc. MU continued its upward trajectory Thursday after reporting upbeat quarterly results.

The main indexes gained ground Thursday as strong earnings from memory chipmaker Micron fueled AI optimism.

Micron Technology, Inc.'s F4Q24 outperformance and better-than-expected FY2025 outlook continues to reinforce its mission-critical role in enabling the AI transformation. Yet, the stock continues to trade discounted on both an intrinsic and relative basis following its steep sell-off since June despite the post-earnings upsurge. Micron's attractive valuation at current levels is further supported by improved durability to its long-term demand outlook against an inherently elevated exposure to cyclical risks.

Micron Technology, Inc MU stock continued its upward trajectory Thursday after reporting upbeat quarterly results after the market closed on Wednesday.

Ivan Feinseth and Kim Forrest break down Micron's (MU) earnings report to explain why it's a crucial piece to the bigger picture of A.I. They also look into where Micron stands in the A.I.

Bill Baruch, founder and president at Blue Line Capital, joins CNBC's “Halftime Report” to break down his latest trade in Micron.

Micron Technology (MU) shares surged Thursday after the memory chip maker's revenue and outlook blew past expectations, leading Nvidia (NVDA) and other semiconductor stocks higher.

Micron Technology (MU) posted fourth-quarter results that surpassed Wall Street expectations on both revenue and earnings. The semiconductor giant also raised its guidance for the next quarter, sparking a widespread rally in global chip markets.