Micron shares rise 4.48% premarket to $1089.20 as memory-price outlook firms ahead of June 24 earnings

Micron shares rose 4.48% in Thursday premarket trading to $1089.20 after Apple CEO Tim Cook said memory-chip costs have become “unsustainable,” fueling expectations for higher memory pricing. The move also followed a wave of target-price increases from major banks, with the highest reaching $1500.00, and comes ahead of Micron’s June 24 earnings report. Nasdaq futures were up 1.34%, underscoring a broadly supportive tone for technology stocks.