Micron Rallies 4.5% as Backpack Unveils 24/7 Trading Market
MU•Micron shares rallied 4.52% this week, ranking among Nasdaq’s top gainers but lagging leaders like ALAB and MRVL. Backpack has launched 24/7 real-equity trading for international investors in Micron shares, while analysts forecast a memory chip shortage sustaining demand beyond 2027.
1. Nasdaq Performance and Micron Rally
Micron shares climbed 4.52% this week, placing the company among the top gainers on the Nasdaq index. Despite the surge, competitors such as ALAB (+6.18%) and MRVL (+4.99%) outpaced Micron, highlighting shifting sector leadership.
2. Backpack’s 24/7 Real-Equity Trading Launch
Backpack has introduced round-the-clock trading for select U.S. equities, including Micron, allowing international investors to hold actual shares with instant settlement. Trades can be executed via fiat currencies or approved stablecoins, expanding access and continuous price discovery.
3. Memory Chip Shortage Supporting Long-Term Demand
Analysts project a global memory chip shortage extending beyond 2027, underpinning Micron’s revenue outlook. The persistent supply constraint is expected to bolster pricing power and market share for leading DRAM and NAND manufacturers, including Micron.
