Micron Technology received an analyst upgrade and rallied 3.5% after Oracle’s earnings call highlighted massive inferencing demand. Citigroup issued a positive note on Micron, expecting memory industry undersupply through 2026. Oracle’s backlog figure increased by 359% and expects cloud infrastructure revenue to reach $144 billion by 2030. Oracle Chairman Larry Ellison emphasized the importance of AI inferencing in the market. Micron’s technology improvements position them well for the AI revolution. The Motley Fool Stock Advisor team did not include Micron in their top 10 stock picks.

Read more at Yahoo Finance: Why Micron Technology Rallied Today