Micron Technology stock price rises, executives say company execution is progressing smoothly.

The stock price of Micron Technology once rose by 9.9%. Prior to this, the company's Chief Financial Officer Mark Murphy told investors that the company is mass producing the highly sought-after new HBM4 memory chips. Murphy stated at the Wolfe Research event that this product line - Micron's latest generation high-bandwidth memory - is currently being delivered to customers. These chips are designed to help artificial intelligence computing systems process the large amount of data needed to develop and run AI models. "We have started shipping HBM4 to customers, and we expect shipments to increase smoothly in the first quarter," he said, "which is one quarter ahead of the time we mentioned in the December earnings conference call."