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Micron shares rise over 4% after SK Hynix's strong earnings and outlook on memory chip shortages.

Market News
28 Oct 2026, 19:03 WIB
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Bullish
Micron shares rise over 4% after SK Hynix's strong earnings and outlook on memory chip shortages.

Micron's stock increased by more than 4% following SK Hynix's positive earnings report and optimistic outlook for the memory chip market. SK Hynix projected that the shortage of memory components will continue through 2030, boosting confidence in the sector. The next key event for investors will be Samsung's earnings report, which is expected to further influence the memory-chip trade. This momentum suggests a potential recovery in the memory chip industry after recent lows.

Micron Technology's stock price stands at USD 973.30, up 4.80% as of Oct 28, 2026 23:21 WIB on Pluang, reflecting strong investor interest following SK Hynix's earnings report. Despite this rise, the platform shows a majority of order activity at 76% Sell and 24% Buy, indicating cautious trading behavior. The stock's market cap is $1.05 trillion, highlighting its significant presence in the technology sector as it awaits Samsung's upcoming earnings report.

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