Micron Shares Rise as SK Hynix Sees Memory Demand Beyond 2030
Barron's reports SK Hynix posted record quarterly results and expects memory demand to outpace supply through 2030, lifting Micron premarket.
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what happened
Micron Technology shares climbed about 3.9% in premarket trading after South Korea's SK Hynix reported results. Barron's notes that SK Hynix posted record revenue and operating profit for a sixth consecutive quarter, and its American depositary receipts jumped 7.7%.
The key message came from SK Hynix's outlook: "Demand expected to outpace supply through 2030." Investors had largely priced in a possible drop in memory prices after 2028, when seven new fabrication and packaging plants from SK Hynix, Samsung Electronics and others are set to start, according to Trendforce. SK Hynix said its DRAM and high-bandwidth memory supply for AI servers is effectively sold out for the next three years.
why it matters
Micron has more than tripled this year but still trades at a notably low valuation on concerns about the cyclical memory market. If SK Hynix's outlook holds, those concerns could ease. Micron can start major buybacks from December 9 under the conditions of its 2024 CHIPS Act funding.
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sources
- Micron Stock Pops as Rival SK Hynix Fuels AI Frenzy With Two Bombshells — Barrons.com, 28 October 2026 at 09:16 UTC
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