A recent class action lawsuit against Micron Technology, Inc. highlights alleged misleading statements related to the demand for its NAND products. According to the lawsuit, the company purportedly overstated market demand and the sustainability of interest in its semiconductor storage devices, leading to potential investor damages once the alleged inaccuracies became public. The Rosen Law Firm, representing the plaintiffs, emphasizes the March 10, 2025, deadline for interested parties to seek lead plaintiff status. This legal development underscores ongoing concerns and volatility in the AI chip sector, particularly for semiconductor manufacturers.

• Micron Technology last closed at $99.52 up 4%.

In other trading, Cambricon Technologies was a notable mover up 5.6% and closing at CN¥660.82. Meanwhile, Applied Materials lagged, down 8.2% to end trading at $169.20.

Micron Technology's investment in high-bandwidth memory positions it for substantial growth in the expanding HBM market. Click here to explore a detailed narrative on how this strategic move could influence Micron's market position and profitability.

For more on this topic, don't miss our Market Insights article, "DeepSeek Upends AI Industry," which explores the disruptive influence of DeepSeek’s cost-effective R1 model on the GPU investment landscape and its potential implications for the AI chip market.

Best AI Chip Stocks

• NVIDIA ended the day at $138.85 up 2.6%.
• Advanced Micro Devices ended the day at $113.10 up 1.2%.
• Intel settled at $23.60 down 2.2%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Micron Technology, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MU" from The Rosen Law Firm PA on GlobeNewswire (published 16 February 2025)

Companies discussed in this article include SHSE:688256 NasdaqGS:MU NasdaqGS:NVDA NasdaqGS:AMD NasdaqGS:INTC and NasdaqGS:AMAT.

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