New York, February 2, 2026, 17:57 EST — After-hours trading
- Micron shares jumped roughly 5.5% on Monday, following a broader bounce in chip stocks.
- TrendForce upped its projection for conventional DRAM contract prices, now expecting a 90%–95% surge in Q1.
- Investors are watching closely for new signs on pricing power and supply tightness through mid-February.
Micron Technology, Inc. shares climbed 5.5% to $437.80 in late Monday trading, driven by a chipmaker rally fueled by fresh optimism around artificial intelligence spending sustaining demand for crucial components. SanDisk surged 15.4%, while Advanced Micro Devices gained 4%, highlighting the strong rebound in semiconductor stocks. (Reuters)
This shift is crucial since memory prices are Micron’s quickest adjustment tool. On Monday, market researcher TrendForce revised its forecast for conventional DRAM contract prices, predicting a 90% to 95% jump in the January-to-March quarter versus the previous quarter—up sharply from an earlier estimate of 55% to 60%. (Reuters)
TrendForce pointed to “persistent AI and data center demands” as driving a deeper global supply-demand gap, giving suppliers more pricing leverage. For Micron, this usually means contract prices climb, leading to higher revenue per bit shipped—but with a delay—and can swiftly alter profit forecasts in the short term.
DRAM, or dynamic random access memory, serves as the working memory in servers, PCs, and a range of devices. While spot markets often react first, contract prices are closely monitored for their influence on wider pricing trends.
The surge in memory stocks is being driven by a shortage that’s spreading beyond the typical server cycle. Business Insider highlighted a recent note referencing IDC’s description of an “unprecedented” memory chip shortage. Analysts say AI data center demand continues to outpace supply. (Business Insider)
Chip stocks led a rebound on Wall Street Monday, steadying the broader market following a shaky start to 2026. The S&P 500 finished up 0.5% at 6,976.44, just shy of its record high, according to an AP market wrap. (AP News)
Some upcoming catalysts lie outside Micron. Big tech earnings and their capital spending plans—those checks that fund fresh data center construction—have the power to reshape the entire AI trade in a single session.
Macro noise is filtering back into the tape. The U.S. Bureau of Labor Statistics announced the January employment report will be delayed after a partial government shutdown began Saturday. A final House vote to end the shutdown is expected Tuesday. (Reuters)
Micron’s recent surge is triggering alarm bells among technicians. BTIG’s Jonathan Krinsky noted the stock appears extended beyond its long-term trend, adding that “good news is priced in.” He highlighted past instances where comparable momentum levels led to steep declines. (MarketWatch)
Memory pricing forecasts can shift rapidly. If supply grows faster than anticipated or demand stalls—particularly in data centers—contract pricing power can drop, causing the stock to re-rate just as swiftly.
Micron’s next key date is February 11, when it’s set to speak at Wolfe Research’s Auto, Auto Tech and Semiconductor Conference. Investors will zero in on any updates about contract pricing, supply issues, and the real volume of AI-driven demand Micron expects to fulfill soon. (Micron Technology)
