Micron shares fell about 6% on the same day Kioxia sank about 16% in Tokyo, after Kioxia guided for only about 1% sequential revenue growth in the December quarter. After its earnings call, Apple said it expects memory prices to keep rising beyond the December quarter, calling current pricing "unprecedented." Most of Micron's sales are DRAM, which hit a record $39.8 billion in its fiscal fourth quarter, up 343% year over year, though its price increases are slowing. The stock trades near $860, over 30% below its 52-week high of $1,255, and the author argues Apple's warning is good news for Micron, whose valuation may already assume memory profits fall sharply.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: low
| 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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