New York, January 27, 2026, 16:03 EST — After-hours
- Micron shares surged about 5% on Tuesday, ending the day just shy of $410
- The company has started construction on a NAND wafer fab in Singapore, aiming to begin production by 2028
- With the next earnings season looming, traders are watching closely for any news on memory pricing and spending.
Micron Technology Inc’s shares surged 5.3% to end Tuesday at $409.86, following the announcement of a $24 billion investment to expand its manufacturing base in Singapore over the next 10 years. “Micron’s leadership in advanced memory and storage is enabling the AI-driven transformation reshaping the global economy,” said Manish Bhatia, the company’s executive vice president of global operations. The stock traded between $400 and $416.40, with around 30 million shares changing hands. 1
This shift matters because memory now plays a crucial role in AI’s growth. AI model servers need more DRAM, the main working memory in computers, alongside greater amounts of NAND flash storage, which powers devices like solid-state drives.
Capacity plans are a crucial signal for investors watching pricing power. Because new fabs take years to start production, even a suggestion of supply discipline can trigger a strong market reaction, despite the fact that extra output won’t arrive for some time.
Reuters reported Micron makes 98% of its flash memory chips in Singapore and is pouring $7 billion into a new packaging plant for high-bandwidth memory (HBM), the stacked chips used with AI processors. Production is slated to start in 2027. TrendForce analyst Bryan Ao warned contract prices for enterprise SSDs—the drives powering servers—could surge 55% to 60%. “The market’s demand for high-performance storage equipment has been growing much faster than expected,” he said. Samsung and SK Hynix are also ramping up with new production lines. Last week, Micron disclosed talks to buy a Powerchip fabrication site in Taiwan for $1.8 billion. 2
As the stock gained ground, analysts jumped in. Vijay Rakesh from Mizuho raised his price target on Micron to $480 from $390, according to a Motley Fool article highlighted on Nasdaq.com. 3
The bigger question: how long will the memory squeeze last, and who will cave first? If competitors pour in capacity aggressively, this tight market could flip quickly — memory’s history shows that’s par for the course.
Timing adds another layer of risk. The Singapore wafer fab aims for production in 2028, yet any delays, rising costs, or a slump in AI data-center demand might push Micron to pour money in when prices are soft.
Traders are focused on updates about spending pace and customer contracts. They’ll watch closely to see if other chipmakers launch similar big-scale projects. Changes in enterprise storage pricing will also provide key signals.
Micron has yet to announce an exact date for its earnings report, though MarketBeat expects it to come after the market closes on March 19. Investors will be watching closely for updates on pricing trends and capital spending plans. 4
