Micron Technology's stock surged by 212% for the year, reflecting a strong recovery amid a broader tech market rebound. Despite concerns over a competing memory chip manufacturer's plans to increase wafer capacity to meet rising artificial intelligence demands, investors remain optimistic about Micron's prospects.

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Micron Stock Roars Back as It Shrugs Off Memory-Chip Threat From Rival

By George Glover

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Micron stock was up 212% for the year through Wednesday’s close. (Justin Sullivan/Getty Images)

Micron Technologystock advanced Thursday in abroader tech rebound, as investors shrugged off a rival memory chip maker’s plan to triple wafer capacity to meet surging artificial-intelligence demand.

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Micron Stock Roars Back as Memory Chip Rival SK Hynix Pledges to Triple Capacity

Micron Stock Roars Back as It Shrugs Off Memory-Chip Threat From Rival