New York, Jan 8, 2026, 06:25 ET — Premarket
- Micron shares down 1.1% premarket at $339.55 after Wednesday’s close
- Company set a Jan. 16 groundbreaking for its planned $100 billion New York “megafab”
- Traders weigh tight memory pricing signals and Friday’s U.S. jobs report
Micron Technology (MU) shares fell 1.1% in premarket trading on Thursday to $339.55. The memory-chip maker said it will break ground on its $100 billion “megafab” project in Onondaga County, New York on Jan. 16, after clearing environmental reviews and permits. Micron Technology
The date puts a concrete marker on a project investors see as central to Micron’s long-term supply plan, just as AI servers soak up DRAM — dynamic random access memory used in servers, PCs and phones — and strain capacity. Micron CEO Sanjay Mehrotra called the groundbreaking “a pivotal moment” and said the investment reinforces Micron’s position as the only U.S. manufacturer of memory. Spectrum Local News
The early slide in MU came as U.S. stock index futures moved lower ahead of Friday’s nonfarm payrolls report, with Nasdaq 100 E-minis down 0.31% in the morning. “A move towards more government intervention would create uncertainty and add to some risk premium in the markets,” Jefferies economist Mohit Kumar said. Reuters
Micron is also coming off a sharp run. The stock jumped 10% on Tuesday and hit record highs alongside storage names SanDisk, Western Digital and Seagate after Nvidia CEO Jensen Huang, speaking at CES in Las Vegas, detailed a new layer of storage technology. “All those capex estimates … are going to be revised higher again,” Argent Capital portfolio manager Jed Ellerbroek said. Reuters
Pricing signals out of Asia have kept the sector on edge. Samsung Electronics projected record quarterly profit on Thursday, underscoring how tight supply and AI-driven demand are lifting conventional memory prices; TrendForce data showed contract prices for a type of DRAM rose 313% in the fourth quarter from a year earlier, and the firm expects conventional DRAM contract prices to rise another 55% to 60% this quarter. Reuters
Micron also pushed product news this week, unveiling its 3610 NVMe solid-state drive using PCIe Gen5 — a faster connection standard for storage — and quad-level cell (QLC) flash. The company said the drive can hit 11,000 megabytes per second in sequential read speeds and pack up to 4 terabytes in a single-sided M.2 2230 form factor; executive Mark Montierth said it will support “on-device AI” in ultra-thin machines. Micron Technology
On the Street, bullish notes have followed the run-up. UBS raised its price target on Micron to $400 from $300, saying AI is making DRAM more strategic and that faster high-bandwidth memory (HBM) obsolescence could limit customer inventory build-ups — a shift the bank said could blunt the industry’s historic boom-bust swings. HBM is a premium form of DRAM used next to AI processors. TipRanks
But the memory trade can turn fast. Analysts have cautioned that sharp price spikes can squeeze PC and smartphone makers, cool demand and punish late-chasing momentum, even as chipmakers ramp spending to add capacity. Barron’s
Next up for MU is whether U.S. data on jobs steadies risk appetite into the open, and whether pricing talk stays hot as buyers negotiate contracts — with Micron’s Jan. 16 New York groundbreaking the next company catalyst on the calendar.
