🟢 Micron Technology is trading 4.59% up today after SK Hynix announced $28.6 billion buyback

Micron Technology is trading 4.59% up at ARS 308075.00 after a broader memory-chip rally linked to SK Hynix’s announced $28.6 billion share buyback and cancellation plan.

• Reuters reported that SK Hynix will repurchase and cancel up to 24 million shares between August 20 and November 19.
• The move appears sector-driven, with tighter DRAM supply expectations and continued AI-related HBM demand adding support.