Micron Technology Stock Surges Amid Intel's Warning of Worsening Memory Shortage

Intel CEO Lip-Bu Tan warned of a severe memory chip shortage, with prices up 5x-7x, impacting phone and laptop costs. Intel and Micron expect tight supply through 2027, with Intel's 2026 CapEx above $20B. Micron and SK hynix shares have surged, with strong margins from high DRAM and NAND pricing.

RBC Capital reiterated an 'Outperform' rating and $1,500 price target for Micron (MU), citing AI-driven memory demand. The analyst expects 'sizable' multiple expansion due to supply constraints and customer agreements. MU stock rose 1.6% in morning trade, with a 6.5x forward P/E. The stock has gained 235% YTD and 500% in the last 12 months.

Micron Technology (NASDAQ:MU) employees in Taiwan rallied, threatening a strike over rejected bonus offers. Workers seek 83 months' salary and 15% of operating profit for bonuses, citing rivals' higher payouts. Micron's Taiwan operations are critical to its supply chain. Q3 revenue surged to $41.46B, with shares up 209.90% YTD.

Micron Technology (MU) stock rose 5.5% on September 17 after Intel's CEO warned of a worsening chip shortage, boosting investor confidence in Micron's pricing power. The company, a major U.S. memory chip maker, is set to report fiscal fourth-quarter results on September 30, with revenue expected near $50 billion. Intel's comments highlight tight supply, benefiting Micron and other memory chip manufacturers.

Micron Technology (MU) shares rose 5.5% after Intel's CEO warned of worsening memory shortages, benefiting Micron and peers. The company reported strong Q3 2026 results with $41.46B revenue and 84.6% gross margin, forecasting $50B for the current quarter. Broader market rally also supported the stock.

Wall Street rebounded Thursday, led by semiconductor stocks. Intel (INTC) rose 8.6% after its CEO warned of CPU supply constraints, boosting Micron (MU) and SK Hynix (SKHY). Nvidia (NVDA) and AMD also gained. The Fed's rate hike initially caused a sell-off, but markets recovered. AI-related inflation and chip supply issues remain key concerns.