Micron stock has jumped by 285% this year, helped by the ongoing memory chip shortage. Its earnings reports will be crucial.

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 stock is probing all-time highs amid a so-called supercycle for memory and storage stocks, thanks to AI demand.