NEW YORK, December 29, 2025, 06:51 ET — Premarket
- Micron shares were down about 1.6% before the bell after closing at $284.79 on Friday. [1]
- The stock is scheduled to trade ex-dividend on Monday, with a $0.115-per-share payout due in January. [2]
- Traders are watching Fed meeting minutes and weekly jobless claims for clues on 2026 rate expectations. [3]
Micron Technology (MU.O) shares slipped in premarket trading on Monday, down about 1.6% to $280.21. The stock ended Friday at $284.79. [4]
The move matters because Micron has been a key bellwether for the year-end technology rally. Its upbeat outlook earlier this month helped revive risk appetite in AI-related stocks and pushed U.S. benchmarks toward record territory. [5]
Broader markets were cautious into the final, holiday-shortened week of the year, with U.S. stock index futures edging lower. Investors are looking ahead to the release of Fed meeting minutes and weekly jobless claims data for fresh signals on the path for interest rates. [6]
Micron’s pullback comes after a sharp run-up in recent sessions. The shares are up about 26% from their Dec. 17 close, according to pricing data. [7]
The stock is also set to trade ex-dividend on Monday. “Ex-dividend” is the first day a stock trades without the right to receive the next dividend payment. [8]
Micron’s board declared a quarterly dividend of $0.115 per share, payable Jan. 14 to shareholders of record as of the close of business on Dec. 29, the company said. [9]
The bigger driver for the stock remains expectations that AI data centers will keep tightening the market for memory chips. On Dec. 17, Micron reported fiscal first-quarter results and projected fiscal second-quarter revenue of $18.70 billion, plus or minus $400 million, with non-GAAP earnings per share of $8.42, plus or minus $0.20. [10]
Micron is one of only three major suppliers of high-bandwidth memory, or HBM — stacked memory used alongside AI processors to move data quickly. The other large suppliers are SK Hynix and Samsung Electronics. [11]
“AI-related demand remains the biggest driver for Micron,” Summit Insights analyst Kinngai Chan said. [12]
Executives have also warned that supply constraints can persist. Micron CEO Sanjay Mehrotra told investors he expected memory markets to remain tight past 2026, and the company said it would lift 2026 capital spending plans to $20 billion. [13]
In the company’s earnings release, Mehrotra said Micron delivered “record” revenue in fiscal Q1 and that the company anticipated business performance would strengthen through fiscal 2026. [14]
For traders, the near-term test is whether Micron can hold onto recent gains as macro data returns to center stage. Any shift in rate-cut expectations can quickly ripple through growth and AI-linked stocks, where valuations are sensitive to borrowing costs. [15]
Micron shares are indicated lower for the open, with investors balancing year-end positioning, the stock’s dividend timetable and the next round of U.S. macro signals. [16]
References
1. stockanalysis.com, 2. stockanalysis.com, 3. www.reuters.com, 4. stockanalysis.com, 5. www.reuters.com, 6. www.reuters.com, 7. stockanalysis.com, 8. stockanalysis.com, 9. investors.micron.com, 10. investors.micron.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.reuters.com, 14. investors.micron.com, 15. www.reuters.com, 16. stockanalysis.com
