Micron’s stock surged to a fresh intraday peak at the start of the week, driven by strong market sentiment around the company’s latest quarterly results. Trading momentum shifted midweek, and the shares declined on Thursday and Friday as traders reassessed risk exposure.

The company reported quarterly revenue and earnings that exceeded Wall Street forecasts, reinforcing confidence in its memory-chip roadmap. However, investor caution set in after profit-taking and uncertainty about near-term demand led to pullbacks in the share price later in the week.