New York, Jan 25, 2026, 16:28 ET — Market closed.
- Micron shares closed Friday at $399.65, ticking up roughly 0.5% from the previous session.
- Wall Street continues to highlight tight supply and climbing prices for memory chips used in AI servers.
- Next up: the Fed’s rate decision on Jan. 28 and a packed week of Big Tech earnings.
Micron Technology Inc shares closed the week just shy of $400, last seen at $399.65 on Friday. That’s roughly a 0.5% gain from the previous session as U.S. markets head into the weekend shutdown. AI-related chip stocks have a busy schedule looming.
This shift is significant as memory and data-storage stocks emerge as a new hotspot in the AI sector, drawing funds that once flowed predominantly to major tech giants. The Financial Times reports that AI infrastructure spending is expected to exceed $500 billion this year, boosting firms like Micron, Western Digital, and SK Hynix. (Financial Times)
Micron is right in the thick of that spending: its chips power the servers running and training AI models. If cloud budgets falter or interest rates shift, the stock can take a sharp turn—even without any news from the company itself.
Analyst notes remain sharp. TD Cowen’s Krish Sankar, who recently raised his Micron price target to $450, pointed to “worsening rather than improving” memory shortages. He highlighted rising DRAM and NAND prices as a factor pushing buyers toward longer supply contracts. Sankar also suggested Micron could “continue to outperform” short term, with “cleanroom constraints” capping how fast supply expands. (Finviz)
In its December update, Micron backed up the tight supply narrative with numbers. The chipmaker projected second-quarter adjusted earnings of $8.42 per share, plus or minus 20 cents, and plans to boost capital spending to $20 billion in 2026, according to Reuters. Micron stands among the top three suppliers of high-bandwidth memory (HBM)—a stacked DRAM variant used in AI chips—alongside Samsung Electronics and SK Hynix, the report noted. (Reuters)
HBM is the product investors can’t stop watching. It may not dominate memory by volume, but it offers higher margins and tightens supply quickly as AI chip production ramps up.
The catch here is one that’s all too familiar in memory markets: cycles shift. Should supply ramp up faster than anticipated, or if AI budgets tighten after audits, pricing power could slip—and the stock might lose gains just as fast.
This week’s lineup is packed, pushing investors to weigh their bets on the fly. The Fed’s rate decision lands Wednesday, along with Chair Jerome Powell’s press briefing. Earnings from Microsoft, Meta, and Tesla also hit that day, while Apple reports Thursday, Investopedia noted.
For Micron, these reports carry less weight for their immediate earnings and more as indicators for capex — specifically, whether top customers continue expanding data centers and if AI demand remains strong for high-end memory.
U.S. markets reopen Monday, with traders eyeing the Federal Open Market Committee meeting scheduled for Jan. 27-28. The rate decision on Wednesday, Jan. 28, is expected to shape risk appetite, especially impacting crowded AI semiconductor names like Micron. (Federalreserve)
