Micron shares surged nearly 8% after the company reported record fiscal third quarter revenue of $41.46 billion and issued strong guidance.

U.S. Stock Market today: Micron Technology shares moved higher in premarket trading on Monday. AI-driven optimism has supported Wall Street's recent rally.

Micron (MU) stock jumps 6% to new highs ahead of June 24 earnings as Needham raises its price forecast to a bullish $1,550.