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Micron has become a standout favorite during the ongoing memory chip rally as tech companies scramble to secure supply amid shortages.

The stock is up yet again on Monday even as the overall market is sagging on rising energy prices and concerns of renewed fighting between the US and Iran.

Shares of Micron were up 9% in morning trading as the S&P 500 was unchanged. There was very little green on the board besides chip stocks and energy stocks because of a rise in oil. Intel was up more than 6% and Qualcomm was up more than 12% before both stocks pared initial gains.

Micron shares are up 11 of the last 15 sessions.…