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Original headline: Micron’s stock rises after SK Hynix earnings. Here’s its next major test.
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▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/27/2026 | 217.88 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Why Micron Technology Stock Rallied Today
Micron shares rose about 4.8% in Wednesday trading, after SK Hynix reported record fiscal 2026 third-quarter revenue of 104.6 trillion won (roughly $78.9 billion), up 328% year over year, and operating profit of 83.3 trillion won (roughly $61.7 billion). SK Hynix said demand is expected to outpace supply through 2030 and its supply is essentially sold out for the next three years, easing fears of falling memory demand from 2028, and announced it would return 100 trillion won to shareholders. The article says Micron, one of the Big Three memory makers, stands to benefit from demand for HBM, DRAM and NAND, and has locked major customers into multi-year, non-cancelable contracts. Micron stock has gained more than 340% over the past year but trades at 13 times earnings, and the author describes that valuation as attractive.
- SK Hynix Jumps 7%, Micron Rises 3% on Memory Shortage Call Through 2030 While Seagate Slips Despite Upbeat Guidance
SK Hynix reported record third-quarter revenue and operating profit on AI-driven demand, said more than 50% of its 2027–2028 capacity is already committed under long-term agreements, and repeated that the AI memory shortage could last through 2030. Its shares rose 7% to $156 and Micron gained 3% to $961, while Seagate slipped 2% to $653 despite beating estimates with $4.23 billion in revenue versus a $4.15 billion consensus and lifting its quarterly dividend. Wedbush's Matt Bryson estimated Seagate's guidance implies a gross margin of 60%, a sign that margin growth is slowing, while one market analysis reads Toshiba's expanded nearline production line as a threat to the tight supply behind Seagate's pricing power. Seagate's stock is down 29% over the past month but up 138% year to date.
- The Memory Bottleneck Divide: SK Hynix Sells out to Tier-1s, Micron Absorbs the Spills
SK hynix says its AI memory capacity is already sold out, while Micron is locking buyers into multiyear contracts to absorb spillover supply. SK hynix posted Q2 revenue of KRW 79.32 trillion, up 256.8% year over year but below consensus of about KRW 84.12 trillion, with operating profit of KRW 60.54 trillion and a 48.6% operating margin. Micron's fiscal Q4 revenue reached $54.23 billion, beating the $50.97B consensus, and it has 26 strategic customer agreements, 10 of them signed this quarter. Micron guided fiscal Q1 revenue to $61.5B ± $1.5B. The author judges Micron to carry more downside exposure given its smaller HBM share and wider commodity memory business, while SK hynix's HBM position is stronger.
- Here's What $1,000 Spread Across These 4 Memory and Storage Stocks Could Be Worth by 2030
SK Hynix listed on the Nasdaq in July in the largest ADR offering in Wall Street history, raising roughly $26.5 billion, and major AI memory suppliers now trade on one US exchange. The author compares Micron, Sandisk, SK Hynix and Western Digital, pointing to Micron's HBM4 production for Nvidia's Vera Rubin platform, Sandisk's multiyear supply agreements, SK Hynix's single-digit multiple of trailing earnings, and Western Digital's nearly sold-out 2026 capacity. The article also flags memory's cyclical nature, noting Micron's shares lost roughly half their value in the 2022 downturn. In the author's own scenario, with assumed annual growth of 20%, 18% and 15% for different stocks, $1,000 split equally would reach about $1,880 by 2030, or about $1,460 if all four match a 10% market average.
- SK Hynix Sinks 4% as Seoul Selloff Revives AI Spending Fears; SanDisk Drops 3%, Micron Eases
Memory chip stocks fell as a sharp selloff in Seoul, where South Korea's Kospi led Asian markets lower, revived concerns about how long the AI spending boom can last. SK Hynix (SKHY) was down 4% at $137.03, SanDisk (SNDK) fell 3% to $1,336.86, and Micron (MU) eased 2% to $886.64. The Roundhill Memory ETF (DRAM) dropped 3% to $46.75, a steeper decline than the 0.5% fall in the Invesco QQQ Trust (QQQ), pointing to a memory-led selloff. Separately, a union at Micron's Taoyuan operation in Taiwan plans a strike later this week over employee bonuses and profit sharing, and SK Hynix's upcoming earnings report could show whether AI memory demand holds up.
- If I Could Only Own 1 Artificial Intelligence (AI) Memory Stock for the Next 5 Years, It Wouldn't Be Micron.
The author says that if he could own only one AI memory stock for the next five years, he would choose SK Hynix (SKHY) over Micron (MU). According to Counterpoint Research, SK Hynix accounted for 50% of global HBM revenue in the second quarter, nearly as much as Samsung and Micron combined, thanks to early investment in advanced memory packaging and manufacturing. The company began mass shipments of HBM4 in the second quarter and is developing HBM4E. Demand comes not only from Nvidia but also from AI hyperscalers such as Alphabet, Amazon, Microsoft, Meta, OpenAI and Anthropic, which are developing custom chips. The author notes that SK Hynix's valuation remains fairly modest on a forward P/E basis relative to its earnings growth.
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