According to Barron's report, Micron Technology's stock price rose 8.7% on June 18, closing at $1,133.99, reaching another all-time high, and it was also the company's 35th closing record this year. The rebound was driven by Apple CEO Tim Cook's statement that iPhone prices will be increased to offset rising memory and storage chip costs. Cook said in an interview with The Wall Street Journal, "Unfortunately, price increases have become unavoidable. We have tried to absorb the significant cost increases passed on by suppliers and avoid passing these costs on to customers, but the current situation is no longer sustainable." So far, Micron has risen nearly 300% this year, with a market value approaching $1.3 trillion, benefiting from the surge in demand for memory chips driven by AI expansion in data centers.