Rising memory prices are splitting the outlook for two tech giants: Micron is posting record margins as DRAM and NAND prices climb, while Apple pays more for memory in every iPhone and Mac it makes. The 24/7 Wall St. model sets a price target of $962.43 for Micron, about 12.7% above its $853.83 premarket price, and $379.51 for Apple, about 17.4% above $323.31. Apple fell 4.44% before the open after its fiscal Q4 report, with revenue of $114.48 billion up 11.7% and EPS of $2.10 beating the $1.98 estimate; its 47.9% gross margin included roughly one point from tariff refunds. Micron's fiscal Q4 revenue reached $54.23 billion, up 379.3%, with an 87% gross margin, and more than 75% of its fiscal 2027 shipments are already committed. Risks include memory costs pressuring Apple's margins and a possible slowdown in AI spending affecting Micron, with bear-case targets of $325.35 for Apple and $725.64 for Micron.
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AAPLMicronsemiconductorsearnings
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AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/03/2026 | 331.74 |
| Change that session | -1.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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