New York, Jan 8, 2026, 10:47 EST — Regular session
Micron Technology shares fell about 3.3% in morning trading on Thursday, retreating after an early spike that briefly pushed the stock to a fresh intraday high. The stock was down $11.20 at $328.36 after opening at $343.00.
The move cools a rally that has made memory and data-storage names some of the market’s early winners in 2026. Micron jumped 10% on Tuesday to a record high after Nvidia boss Jensen Huang, speaking at CES in Las Vegas, detailed a new layer of storage technology, lifting related stocks including Western Digital and Seagate Technology. Reuters
Micron added its own headline on Wednesday, when it set Jan. 16 as the groundbreaking date for its planned megafab in Onondaga County, New York, a $100 billion project it calls the largest semiconductor manufacturing facility in U.S. history. “Breaking ground at Micron’s New York megafab is a pivotal moment for Micron and the United States,” Chief Executive Sanjay Mehrotra said. Micron Technology
Earlier in the week, Micron launched its 3610 NVMe solid-state drive for client devices, saying it is the first PCIe Gen5 G9 QLC SSD for mainstream PCs and ultra-thin laptops. PCIe Gen5 is a faster interface for connecting storage inside a PC, while QLC (quad-level cell) NAND stores more data per memory cell but can trade off on endurance. “The 3610 will enable ultra-thin devices that meet the growing demands of on-device AI, immersive streaming and performance-intensive workloads,” Mark Montierth, a senior vice president at Micron, said. Micron
Outside the company, a read-through from Samsung Electronics also kept memory pricing in focus. Samsung on Wednesday projected a record quarterly operating profit as demand for memory chips used in AI systems pushed prices higher, with further gains expected; high-bandwidth memory (HBM), stacked chips used alongside AI processors, has been a key battleground. Samsung is due to publish detailed results on Jan. 29. Reuters
Even with those tailwinds, traders were wary of adding risk ahead of the U.S. nonfarm payrolls report on Friday, a monthly jobs report that can shift interest-rate expectations quickly. Wall Street opened lower, and high-flying tech and chip shares were among the pockets that gave back ground. Reuters
But the memory business still runs in cycles. Any hit to AI server spending, or a faster-than-expected supply response from the big chipmakers, can turn tight markets into gluts and compress margins.
