Micron (NASDAQ: MU) stock climbed over 4% after Apple CEO Tim Cook revealed that soaring memory chip costs are making consumer gadget price hikes completely unavoidable.

Micron Technology stock surged 10% as analysts raised price targets ahead of June 24 earnings, citing AI-driven memory demand and sold-out HBM production.

Micron Technology shares fell 4.7% to $891.88 as investors took profits ahead of fiscal Q3 earnings, with Wall Street expecting $33.5 billion in revenue.