Micron Technology Stock News

Shares of major memory-chip companies jumped on Thursday as easing oil prices and Treasury yields improved broader sentiment toward technology stocks, helping the sector recover some of the losses suffered earlier in the week. Micron Technology MU rose about 5.5%, while SK Hynix gained more than 4% and SanDisk climbed roughly 5%.

Chip stocks are staging a sharp rally on Thursday, continuing their comeback from a bruising selloff at the start of the week.

Micron stock was gaining after Intel CEO Lip-Bu Tan highlighted soaring memory prices.

Micron Technology stock (NASDAQ: MU) has surged 226% this year, powered largely by spectacular earnings growth as booming artificial intelligence demand has driven memory-chip prices higher. But the next phase of the rally could depend less on further earnings expansion and more on whether investors become willing to pay a higher valuation multiple for each dollar of Micron's profits.

Shares of Micron trade at a stubbornly low valuation but a TD Cowen analyst thinks that could change.

Micron stock was reacting to news that Intel and SK Hynix are discussing U.S. memory-chip manufacturing.

While investors assess whether a potential slowdown in artificial intelligence development could weaken demand for chips and data-centre infrastructure, Bank of America analyst Vivek Arya is taking a longer-term view, forecasting a sharp expansion in the semiconductor industry over the coming years. Arya expects the total addressable market for the semiconductor industry to reach $3.2 trillion ...

Micron Technology has more than tripled this year, yet the stock looks cheaper than much of the US market compared with the broader market today. Shares have gained 224% in 2026, but Micron trades at roughly 6.3 times forward earnings ahead of its September 30 fiscal fourth-quarter results.