Micron Technology's stock price has soared by 700% over the past 12 months.

Micron Technology's stock price has shown unusually strong performance recently, with a cumulative increase of 124% so far this year and a market value increase of approximately $395 billion. Over the past 12 months, the stock price has surged nearly sevenfold, adding more than $620 billion to its market value. According to the latest report from research institution IDC, with the support of artificial intelligence demand, the storage chip market is expected to break away from traditional cyclical fluctuation patterns.