Micron Technology is trading at $862.23, up 4% in pre-market trading, as a sector-wide rally in memory chip stocks gains momentum following strong results from Samsung.
- Samsung Electronics reported record AI-driven semiconductor profits, significantly boosting sentiment for leading memory producers.
- Analysts have flagged a persistent DRAM and High Bandwidth Memory (HBM) shortage through 2027, which is expected to enhance pricing power for the industry.
- The move extends Monday’s tech-led gains as investors react to favorable supply-demand dynamics in the semiconductor sector.