New York, March 3, 2026, 10:12 EST — Regular session
- Micron dropped roughly 6% during the morning session, trailing behind a handful of the bigger chipmakers.
- Customer samples of a 256GB low-power server memory module—built for AI data centers—are now out the door, the company said.
- With energy prices jumping on Middle East tensions and inflation concerns not letting up, traders have their eyes on Micron’s results coming up March 18.
Micron Technology (MU) slipped 6.3% to $386.78 as of 10:12 a.m. EST on Tuesday. The stock had dropped as low as $379.67 earlier in the session.
Investors pulled back from both stocks and bonds, trimming exposure after energy prices surged, stoking inflation worries and muddying the rate picture once again. Reuters
“These are uncomfortable days for risk takers, and for now, energy is king,” said Kathleen Brooks, research director at XTB. She singled out rising fuel costs and shipping snags as markets struggled to gauge what comes next. Kitco
Oil took the spotlight again. Brent crude surged roughly 7%, landing at $83.44 a barrel after touching a 19-month peak. The U.S.-Israeli standoff with Iran has turned up the heat on supply fears, diverting tanker routes away from the Strait of Hormuz—one of the world’s most critical energy corridors. Reuters
Micron announced it has started shipping customer samples of its 256GB LPDRAM module, using the SOCAMM2 server format. The company claims this low-power DRAM design consumes less power than typical RDIMMs found in servers. “Micron’s 256GB SOCAMM2 offering enables the most power-efficient CPU-attached memory solution for both AI and HPC,” said Raj Narasimhan, a senior vice president overseeing Micron’s Cloud Memory business. Nvidia’s Ian Finder added that the module “is enabling the next generation of AI CPUs.” Micron Technology
But there was another storyline for chip stocks. Morgan Stanley bumped Nvidia back to the top of its semiconductor list, knocking Micron out of the pole position, as flagged in a note picked up by TradingView. Now, eyes shift to Nvidia’s GTC conference, running March 16-19, for any fresh reads on demand or product direction. TradingView
Chip stocks took a hit, with Nvidia dropping 2.1%, while AMD tumbled closer to 3.5%. Broadcom, too, slipped about 2.1% at that stage in the session.
For Micron, the bigger worry is if this energy shock drags on, choking growth. ECB chief economist Philip Lane flagged a risk: a protracted Middle East conflict might fuel inflation and slow the economy—a combination that threatens consumer electronics demand and could force policymakers to hold their ground longer. Reuters
Micron’s next big moment lands on March 18. The company will deliver its fiscal second-quarter results and follow up with an earnings call later that day. Micron Technology
