By Adrian Cole
Publication Date: 2026-11-11 16:36:00
Key takeaways
- Micron stock jumps 11.7% as AI buying returns
- CoreWeave’s $132.5 billion backlog boosts semiconductor market sentiment
- Nvidia and Broadcom join the recovering technology stock rally
Micron Technology stock surged approximately 11.7% on Wednesday, November 11, as investors returned to artificial intelligence and semiconductor shares following a sharp technology sector selloff. The memory chipmaker outperformed Nvidia and Broadcom as fresh earnings from CoreWeave renewed confidence in AI infrastructure demand.
The rebound extended across memory and storage companies, with SanDisk, Seagate and Western Digital also advancing. Nvidia gained around 3.2%, while Broadcom rose 5.3%, helping the Nasdaq climb approximately 1.6% and the S&P 500 advance 1%.
Why Is Micron Stock Up Today?
Micron’s rally followed stronger-than-expected earnings from CoreWeave, the Nvidia-backed AI infrastructure provider whose results reassured investors about demand for computing capacity.
CoreWeave…
