Micron stock slips on ex-dividend day as chip rally cools into year-end

Micron stock slips on ex-dividend day as chip rally cools into year-end

NEW YORK, December 29, 2025, 09:41 ET — Regular session

  • Micron shares fell 0.6% to $284.79 shortly after the open, while the chip sector was little changed.
  • The stock began trading ex-dividend on Monday, meaning buyers from today will not receive Micron’s next quarterly payout. Nasdaq+1
  • Investors are watching Fed minutes and weekly jobless claims in a holiday-thinned week. Reuters

Micron Technology (MU.O) shares fell 0.6% to $284.79 in early trade on Monday.

The move mattered for two reasons: Micron started trading ex-dividend, and the broader tech bid that powered last week’s gains cooled into the final week of 2025. Nasdaq+1

An ex-dividend date is the cutoff that determines who gets the next dividend; investors who buy on or after that date do not receive the upcoming payment. Nasdaq data list Micron’s ex-dividend date as Dec. 29. Nasdaq

The pullback also comes as trading conditions thin out ahead of the New Year’s Day holiday, with U.S. markets shut on Thursday, Reuters reported. Reuters

Micron has been a key reference point for the latest AI-driven chip rally. Reuters has cited Micron’s upbeat forecast earlier this month as one factor that helped technology stocks find footing after volatility. Reuters+1

Micron said on Dec. 17 it delivered fiscal first-quarter revenue of $13.64 billion and guided for fiscal second-quarter revenue of about $18.7 billion, plus or minus $400 million. Micron Technology

“Our Q2 outlook reflects substantial records across revenue, gross margin, EPS and free cash flow,” CEO Sanjay Mehrotra said in the earnings release, using EPS to refer to earnings per share. Micron Technology

Micron is one of three major suppliers of high-bandwidth memory (HBM) — a stacked form of DRAM used alongside AI processors — along with Samsung Electronics and SK Hynix, Reuters reported. Reuters

That tight supply has supported pricing power across the memory market, even as memory demand remains cyclical and prone to sharp swings. Reuters+1

Micron’s board declared a quarterly dividend of $0.115 per share, payable on Jan. 14 to shareholders of record as of the close of business on Monday, the company said. Micron Technology

The dividend amount is small compared with Micron’s share price, so traders typically treat ex-dividend trading as a short-term technical factor rather than a fundamental driver.

Macro headlines could matter more in the near term. Minutes from the Federal Reserve’s previous meeting and weekly jobless claims are on the radar in an otherwise data-light holiday week, Reuters reported. Reuters

For Micron, investors remain focused on how quickly it can expand supply into 2026 while demand for AI data-center memory stays strong. The company has said supply constraints may persist beyond 2026 and it plans to increase 2026 capital expenditures, or capex, to $20 billion, Reuters reported. Reuters

Micron shares were down 0.6% on the day, while the iShares Semiconductor ETF was little changed.

Stock Market Today

  • Wharton's Jeremy Siegel sees modest market gains next year as momentum fades
    December 29, 2025, 11:41 AM EST. Wharton professor emeritus Jeremy Siegel argues that the stock market's surge could slow next year. He projects the S&P 500 to rise about 18% in 2025, but for 2026 he sees high-single-digit gains, roughly 5% to 10%. He attributes the shift to waning Magnificent Seven momentum, with the non-Mag Seven potentially delivering 10%-15% while the Mag Seven edges into positive territory only in the low single digits. Siegel cautions that near-term headwinds-federal government shutdown risks, the still-undetermined next Fed chair, and possible tariffs revived by the Supreme Court-could test investors. Still, he says if those bumps are navigated, the overall outlook remains positive for 2026.
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