Micron Technology (MU) Soars to All-Time High Ahead of Dividend Payout

Micron Technology bounced backmost connected Monday to deed a caller all-time high, arsenic investors resorted to last-minute buying to suffice for the adjacent dividend payout.

At intra-day trading, the banal surged to its highest terms of $294.50 earlier trimming a fewer cents to extremity the time conscionable up by 3.41 percent astatine $294.37 apiece.

As portion of its quarterly dividend payment, Micron Technology Inc. (NASDAQ:MU) said that each communal shareholders arsenic of December 29 grounds are acceptable to person $0.115 successful currency connected January 14, 2026.

The organisation followed Micron Technology Inc.’s (NASDAQ:MU) beardown net show successful the archetypal 4th of fiscal twelvemonth 2026, wherever it more-than-doubled its nett income to $5.24 cardinal from $1.87 cardinal successful the aforesaid play past year.

Revenues, connected the different hand, climbed by 56 percent to $13.6 cardinal from $8.7 cardinal year-on-year, beating its earlier midpoint guidance of $12.5 billion. The unreality representation and mobile and lawsuit concern units contributed the bulk of the revenues.

Following the results, Micron Technology Inc. (NASDAQ:MU) said that it is present targeting revenues successful the 2nd 4th to ascent adjacent higher, astatine $18.7 cardinal astatine the midpoint.

Diluted net per stock are besides pegged astatine $8.19 astatine the midpoint.

While we admit the imaginable of MU arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.