{"id":127892,"date":"2026-03-19T00:36:54","date_gmt":"2026-03-19T03:36:54","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/900345444\/hk_PGhbT6SV1HC6h"},"modified":"2026-03-19T00:36:54","modified_gmt":"2026-03-19T03:36:54","slug":"micron-technology-shares-extend-rally-ahead-of-second-quarter-earnings","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/19\/micron-technology-shares-extend-rally-ahead-of-second-quarter-earnings\/","title":{"rendered":"Micron Technology shares extend rally ahead of second quarter earnings"},"content":{"rendered":"
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Micron Technology Inc. shares moved higher on Wednesday as the semiconductor firm prepared to release its second quarter earnings results later on Wednesday.<\/span><\/p>\n<\/div>\n

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Rising memory chip valuations have transformed <\/span>Micron Technology <\/span><\/a>into a premier stock performer for 2026. | Wall Street edges lower after producer prices data, Fed rate decision in focus<\/a><\/div>\n

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Micron Stock Rally<\/span><\/h2>\n

At 11:48 a.m. EDT, <\/span>Micron Technology stock was trading at $469.60, higher by $7.91, or 1.71%.<\/span><\/p>\n<\/div>\n

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Micron\u2019s stock has climbed over 60% since the start of the year \u2014 the sixth-highest gain in the S&P 500 Index \u2014 following a massive 239% surge in 2025. As the leading U.S. memory chip producer, the company is capitalizing on aggressive investments in artificial intelligence infrastructure, which has spiked demand for storage and memory hardware alongside competitors like Sandisk Corp. and Western Digital Corp.<\/span><\/p>\n<\/div>\n

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The stock reached a record closing price of $461.69 on Tuesday, elevating the company\u2019s market capitalization to roughly $520 billion from just $100 billion at the end of 2024.<\/span><\/p>\n<\/div>\n

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However, analysts predict this rapid expansion will decelerate soon. Revenue growth is forecasted at 116% for fiscal 2026, dropping to 36% in fiscal 2027, with a projected 1% decline in 2028.<\/span><\/p>\n<\/div>\n

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\u201cThis pricing environment won\u2019t last forever, but all signs are pointing to tight supply this year and sold-out capacity next year, so investors can take some comfort that we\u2019re not close to the peak yet,\u201d said Hendi Susanto, a portfolio manager at Gabelli Funds, which has about $35 billion in assets and holds Micron shares, according to <\/span>Bloomberg<\/span><\/i>.<\/span><\/p>\n<\/div>\n

Also Read<\/strong> | Why Nvidia is rewriting its trillion-dollar AI playbook<\/a><\/div>\n
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\u201cBecause prices look sustainable in the near term and the stock looks pretty cheap, its hard to see significant downside. The biggest risk is probably high expectations,\u201d added Susanto.<\/span><\/p>\n<\/div>\n

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Taiwan\u2019s PSMC, Micron to begin tech collaboration<\/span><\/h2>\n

Taiwan\u2019s <\/span>Powerchip Semiconductor Manufacturing Corp. <\/span><\/a>(PSMC) announced on Monday the successful completion of its Miaoli facility sale to Micron Technology Inc., marking the beginning of a technical partnership with the American memory supplier as outlined in the acquisition terms, according to Focus Taiwan.<\/span><\/p>\n<\/div>\n

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Following the transfer of the manufacturing site to the U.S. technology leader, the two entities will initiate joint development efforts focused on high-bandwidth memory (HBM), post-wafer-finish (PWF) foundry services, and cutting-edge memory processing technologies, PSMC stated in a recent press release. This strategic alliance with Micron is projected to significantly accelerate growth for PSMC\u2019s emerging 3D AI foundry operations.<\/span><\/p>\n<\/div>\n

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Per the contractual conditions, PSMC offloaded its plant located in Tongluo Township, Miaoli, to Micron for $1.8 billion. In exchange, the American corporation has committed to offering technical expertise to assist PSMC in refining specialized dynamic random access memory (DRAM) production processes at its Hsinchu laboratory. This collaboration represents a major step forward for both firms as they look to capitalize on the increasing global demand for advanced AI hardware and specialized memory solutions.<\/span><\/p>\n<\/div>\n

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… chip valuations have transformed Micron Technology<\/span> into a premier stock performer for … \u00e2\u0080\u0099s PSMC, Micron to begin tech<\/span> collaboration Taiwan\u00e2\u0080\u0099s Powerchip Semiconductor … Miaoli facility sale to Micron Technology<\/span> Inc., marking the beginning of a technical …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-127892","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/127892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=127892"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/127892\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=127892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=127892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=127892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}