New York, Feb 9, 2026, 06:26 EST — Premarket
- Micron slipped in premarket trading, with chatter swirling about a possible change in the supply of next-gen AI memory.
- Nvidia shares and other AI-related stocks saw mixed action, with traders weighing rate uncertainties and looking ahead to the upcoming earnings round.
- This week’s main event: U.S. jobs and inflation data. Nvidia’s results follow later in the month.
Micron Technology stock slipped ahead of the bell Monday, following a Barron’s piece pointing to a report that Samsung Electronics plans to kick off mass production of its next-gen high-bandwidth memory, HBM4, later this month. The chips are intended for Nvidia’s AI processors. 1
That shift comes while the “AI trade” struggles to regain ground after last week’s hits to Big Tech and software stocks. Early Monday, stock index futures hovered near flat. Investors are eyeing a packed U.S. data week, with the postponed January nonfarm payrolls due Wednesday and January CPI following Friday—both seen as pivotal for the Fed’s next rate move. 2
Why now? It’s the dollars—heavy, not hypothetical—that have taken center stage in AI. Alphabet, Amazon, Meta, and Oracle are all digging deep, according to the Financial Times, with spending ballooning toward a collective $660 billion by 2026. Cash flows are under pressure. Investors are watching buybacks, debt loads, and funding strategies get reshuffled. 3
Nvidia dipped roughly 1% to $183.64 in early premarket action. Shares of Micron fell around 3%, landing at $381.47. Super Micro Computer slid 1.5% to $33.87. Microsoft edged up 0.8%, trading at $404.14. Amazon inched higher, last seen at $210.70, and Palantir moved up close to 1% to $137.09. 4
HBM, the stacked memory chips used right next to AI accelerators, has turned into a real supply chain bottleneck—mainly because faster memory is critical for keeping those pricey AI processors loaded with data. The main players here are Samsung, SK Hynix, and Micron. Stocks react fast to any suggestion that the balance of market share among these three is changing.
Tension has been building in analyst notes. Semianalysis just slashed its forecast for Micron’s HBM4 shipments going to Nvidia, now putting that share at zero. “We currently do not see indications of Nvidia ordering Micron HBM4,” the note said. 5
Yet rates could be the main wild card here, traders say—not wafers. A strong inflation pulse or a punchy jobs number can yank Fed cut bets around in a hurry. Higher yields typically weigh on high-multiple chip and software names, even if demand stories keep coming in upbeat.
Nvidia’s next big event on the calendar: earnings. The chipmaker will hold its conference call on Wednesday, Feb. 25, starting at 2 p.m. PT (5 p.m. ET), with management set to review both fourth-quarter numbers and the company’s fiscal-year 2026 outlook. 6
