NEW YORK, Jan 7, 2026, 09:47 EST — Regular session
- Micron set Jan. 16 groundbreaking for a New York megafab project it pegs at $100 billion
- Shares edged down 0.1% in early Nasdaq trading
- Investors are tracking AI-driven memory pricing and capital spending into Micron’s next update
Micron Technology said on Wednesday it will break ground on its planned New York megafab on Jan. 16, kicking off what it calls a $100 billion project that would be the largest U.S. semiconductor manufacturing facility, with up to four fabs. Shares were down 0.1% at $342.97 in early Nasdaq trade. “Breaking ground at Micron’s New York megafab is a pivotal moment for Micron and the United States,” Chief Executive Sanjay Mehrotra said. 1
The timing matters because memory — especially DRAM, the chips that act as working memory in servers and PCs — has tightened again as demand for artificial-intelligence infrastructure pulls supply into data centers. Reuters reported this week that chipmakers are diverting manufacturing capacity toward high-bandwidth memory (HBM), a faster type of DRAM used in AI servers, squeezing supply for other devices and pushing prices higher in parts of the market. 2
Micron has been leaning into that shift. In slides with its last quarterly report, the company said it had completed price and volume agreements for its entire calendar 2026 HBM supply and projected fiscal 2026 capital spending of about $20 billion, weighted to the back half, to address tight conditions it expects to extend beyond 2026. 3
The broader trade cooled on Wednesday morning. The iShares Semiconductor ETF fell 0.9%, while storage names that surged this week were lower, with Western Digital down 6.2% and Seagate off 4.7%; SanDisk slipped 0.2%.
Macro data could still jerk the group around. Investors were watching U.S. labor releases, including private payrolls and the JOLTS openings report, ahead of Friday’s nonfarm payrolls report — data that can sway rate expectations and, by extension, high-growth tech valuations. “The ADP is so tilted towards the bigger companies that I don’t have as much faith in it,” Kim Forrest, chief investment officer at Bokeh Capital Partners, told Reuters. 4
The AI backdrop has been doing a lot of the work. At CES in Las Vegas, Nvidia CEO Jensen Huang said the company’s next generation of chips is in “full production” and promoted “context memory storage,” a new layer meant to help chatbots answer long prompts more quickly; Nvidia separately said its Inference Context Memory Storage Platform would extend GPU memory capacity and lift “tokens” processed per second — tokens are the chunks of text AI models read and generate. 5
Micron’s last set of numbers is part of why the stock has been closely watched this week. In an SEC filing in December, the company reported fiscal first-quarter revenue of $13.64 billion and guided for fiscal second-quarter revenue of about $18.70 billion, plus or minus $400 million, with adjusted profit of $8.42 per share, plus or minus 20 cents. 6
But the memory tape can turn fast. Reuters reported that TrendForce data showed steep jumps in some DRAM benchmarks and expects conventional DRAM contract prices to rise 55% to 60% this quarter; one analyst warned that surging chip prices can sap demand for PCs and smartphones and flagged “risks of a demand slowdown” for AI data centers that increasingly rely on debt to fund build-outs. 7
Micron’s next near-term marker is the Jan. 16 groundbreaking in New York. On the calendar, MarketBeat estimates Micron’s next earnings report for March 19 after the close, though the company has not confirmed a date. 8
