Micron stock fell nearly 15% last week over concerns that China's ChangXin Memory Technologies would bring “4F square” DRAM technology to market to raise storage density and take share from Micron. On Monday the stock was up about 4% as of 10:35 a.m. ET. Michael Dell, the Dell founder and CEO, said the memory shortage is “gonna get worse” in 2027, while Mizuho and KeyBanc both forecast higher NAND prices. NAND accounts for about 26% of Micron's revenue and DRAM for 73%, and Micron is the world's third-largest DRAM supplier. The stock trades under 25 times trailing earnings and 7 times forward earnings.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Micron Stock Rises 4 % as Memory Chipmakers Recover After 15 % Weekly Plunge Tied to China Competition Fears
Micron shares rose more than 4% to $916.29 by 10:27 a.m. ET on Monday, leading a rebound in memory chip stocks after a 14.6% drop last week. The sell-off followed China's ChangXin Memory Technologies (CXMT) unveiling an advanced DRAM design, which raised fears of expanded Chinese supply and lower prices. Samsung Electronics and SK Hynix also fell sharply, triggering a circuit breaker on the Korean market. Some analysts argue the threat is overstated in the near term, given leading makers' advantages in high-bandwidth memory used for AI. Broader selling was also driven by hotter-than-expected U.S. inflation data, and investors will watch Meta Platforms' results this week for AI spending signals.
- Is Micron's Incredible Run About to End?
Micron's stock has risen nearly 220% in 2026, even after a recent pullback, on surging AI-driven memory demand and limited competition. The article says the main threat comes from two state-backed Chinese companies: Yangtze Memory Technologies, which aims to overtake rivals in NAND, and ChangXin Memory Technologies, which is about to launch a denser DRAM chip by the end of the year. DRAM accounted for 73% of Micron's revenue last quarter, so cheaper Chinese products could erode its market dominance and pricing power, while its high-bandwidth memory business is seen as relatively safe for now. The author expects demand to keep exceeding supply for the next few years and sees Micron's short-term competitive moat as strong, but expects growth to slow and still considers the stock a worthwhile long-term investment.
- Micron Technology Stock: Is It a No-Brainer Buy at Less Than $900?
Micron Technology’s shares fell sharply, dropping below $900 last week to levels not seen since August, amid worries about an AI bubble. The stock has surged over 1,000% in five years and trades at about seven times estimated future earnings, but investor Michael Burry has warned that the AI bubble “may burst sooner than later.” Demand for memory and storage remains strong, yet the article cautions that expectations can change quickly, especially if more supply arrives sooner than expected. The author concludes Micron is not a slam-dunk buy and that growth investors should closely watch market conditions.
- Chamath: Even Google “Tin Cups for Memory” Thanks to Nvidia. Here’s What Happens Next
Microsoft unveiled its third-generation Maia 300 AI chip on Oct. 12, while Chamath Palihapitiya said on the All-In podcast that even Google is short on memory because Nvidia has locked up most packaging and HBM capacity. Memory makers say their capacity is largely sold out for 2027 and probably much of 2028, and Micron has agreements covering most of its calendar 2027 HBM supply at significantly higher prices. Micron’s capex nearly doubled to $30.7 billion in the year ended Sept. 3, 2026, but most of the increase goes to clean-room space arriving in late 2028 and beyond. The article argues Nvidia, whose gross margin was 71.1% in the year ended January 2026, keeps supply control through roughly 2028, though that window could close sooner if rivals add capacity faster than planned.
- Micron, Intel lead chip recovery, adding nearly $250B as most of Wall Street falls: Chart of the Day
A basket of 60 chip-related stocks tracked by Yahoo Finance recovered nearly $250 billion in market value on Monday, with gains spread across memory makers, chip designers and equipment suppliers while most S&P 500 stocks fell. Micron (MU) and Intel (INTC) are each up over 2%, Sandisk (SNDK) is up nearly 5%, and about 70% of S&P 500 stocks are declining. The rebound follows a weak prior week, when Micron and Sandisk lost roughly 15% and 18% as memory stocks entered another bear market. JPMorgan upgraded Intel to Neutral from Underweight, citing AI demand and chip scarcity, while CoreWeave (CRWV) gave back most of its premarket gains despite a Goldman Sachs upgrade to Buy. The article also notes that 61 of the S&P 500's 100 strongest performers from March 30 through June 2 are rising Monday, and that the PHLX Semiconductor Index needs to hold the 11,000-11,100 area to avoid a larger washout.
- Micron and other chip stocks spring back to life after bruising selloff
Related markets
Latest news
- Stock Market Midday, Oct. 19: Tech Stocks Rebound as AI Confidence Returns
As of 11:34 AM ET, the S&P 500 is up 0.85% at 7,725 and the Nasdaq Composite has risen 1.67% to 26,576 as growth stocks rebound from their worst week since June. The Dow Jones is up 0.15% at 52,094. Gold has fallen 0.51% to $4,145.56, while the 10-Year Treasury yield has gained 3 basis points to 5.13%. Sandisk (+7.4%) and Micron Technology (+4.7%) rose on a shift in memory sentiment, Intel climbed after a JPMorgan upgrade, and Amazon.com gained after Morgan Stanley raised its price target and named it a top pick. Real estate and consumer defensive stocks posted the biggest losses, while U.S. homebuilder confidence fell to a 14-year low and violent protests in France and Italy weighed on European equities.
- Jensen Huang: “Two Gigawatts to Us Is Like $80 Billion.” 43 New Gigawatts Coming in 2027
Nvidia CEO Jensen Huang said two gigawatts of AI capacity, like the ones Nvidia announced in Australia, are worth about $80 billion to the company, up from about $18 billion per gigawatt previously. He attributed the increase to Nvidia now selling far more of each data center, including networking, CPUs, storage and security, not just GPUs. Citing SemiAnalysis's Dylan Patel on the BG2 podcast, Altimeter Capital's Brad Gerstner said 43 gigawatts of new AI compute will come online next year. At about $40 billion per gigawatt, Nvidia would need around 17 gigawatts to reach the $692 billion revenue estimate for fiscal 2028, though Huang said land, power and data center buildings are the main obstacles to the build-out.
- The Investment Case for JPMorgan Chase & Co. (JPM)
Diamond Hill's Large Cap Strategy returned 3.18% net of fees in Q3 2026, outperforming the 2.61% return of the Russell 1000 Value Index, and added JPMorgan Chase as a new holding. The firm said JPMorgan's scale should support continued technology investment that improves efficiency, helping contain expense growth and drive operating leverage. It expects below-average returns across the market due to high equity valuations, though attractive bottom-up opportunities remain. As of October 16, 2026, JPM closed at $339.72, with a $903.04 billion market cap, up 5.43% year-to-date and trading in a 52-week range of $279.10 to $366.50. Hedge fund portfolios holding JPM fell to 113 at the end of Q2 from 131 the previous quarter.
- Deep Hardware-Software Integration Drives Apple’s (AAPL) Underappreciated AI Advantage
Wedgewood Partners’ Q3 2026 letter reports its Composite returned 2.5% in the quarter, ahead of the S&P 500 (2.3%) and Russell 1000 Growth (0.9%) but behind the Russell 1000 Value (2.6%). Rising Treasury yields pressured rate-sensitive stocks, while AI resilience lifted the NASDAQ 100 to record highs. The firm highlights Apple (AAPL), which rallied in the quarter with 16% revenue growth and adjusted EPS growth in the high teens. Wedgewood argues Apple’s R&D spending of over $40 billion over 12 months, comparable to major chip developers combined, supports a long-term AI edge from deep hardware-software integration that the market underestimates. Apple closed at $343.46 on October 16, 2026, up 26.34% year to date.
- Strive buys $335M in Bitcoin, boosting holdings to 36,818 BTC
Bitcoin treasury company Strive bought 4,045 BTC for about $335 million last week, raising its total holdings to 36,818 BTC, according to a Monday SEC filing. The purchases were made between Oct. 12 and 16 at an average price of $82,803 per coin, including fees. That makes Strive the fourth-largest publicly traded corporate Bitcoin holder, ahead of MARA Holdings, with reserves worth about $3 billion. The company also received about $369 million from warrant exercises and issued 13.7 million common shares, and it priced a $630 million offering of SATS preferred stock carrying a fixed 15% annual dividend, with proceeds that could fund more Bitcoin purchases. ASST shares rose about 7.7% to $25.95 in late-morning trading Monday.
- Rocket Lab Delays Neutron Again. Is the Stock in Trouble?
Rocket Lab (RKLB) shares plunged after the company said the Neutron rocket’s launch would slip to next year, one of several delays, and the stock is down close to 40% over six months. The article notes investors may shift toward Space Exploration Technologies Corp, which went public over the summer. Revenue for the quarter ended June 30 rose 62% year over year to $234 million, backlog grew 137% to just under $2.4 billion, and the company is acquiring Iridium Communications. Neutron, which can handle larger payloads than Electron, is seen as key to future profitability. The author argues the delay alone doesn’t justify selling, though the company is not yet profitable and that could take a long time to change.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.