New York, March 7, 2026, 14:12 EST — Market closed
Micron Technology slid 6.7% Friday, closing at $370.30. That puts the stock on its heels heading into next week, with traders debating if this marks a routine chip sector shakeout or signals something more ominous just before earnings.
Micron’s got its fiscal second-quarter call coming up on March 18, so the next big test isn’t far off. Friday saw shares slide after the U.S. posted a surprise loss of 92,000 jobs in February, with oil surging over 12% and the Nasdaq sinking 1.59%. Reuters
The sector’s bullish momentum isn’t fading. Marvell surged 18.4% by Friday’s close after projecting almost 40% revenue growth for fiscal 2028. Over at Broadcom, executives are eyeing AI chip sales of more than $100 billion by 2027. “Still growing massively,” Marvell President and COO Chris Koopmans said of demand. For Micron, that’s key—it’s one of just three big players making high-bandwidth memory, or HBM, the high-end chips crucial for feeding data to AI processors. Reuters
Micron staked its claim with a fresh announcement: On March 3, the company revealed it’s sampling a 256GB low-power server-memory module built in collaboration with Nvidia. The new part, according to Micron, can push server processor memory up to 2TB, all while cutting power use to roughly a third of what typical server modules draw. Raj Narasimhan, who heads Micron’s Cloud Memory Business Unit, described the move as evidence of Micron’s “continued leadership” in low-power memory. Micron Technology
Still, conditions could easily reverse. This week, Reuters said Washington is weighing a fresh approach to AI-chip export rules, while South Korean officials flagged the Iran crisis as a threat to supplies of helium and other materials used in chipmaking—potentially raising costs across a supply chain that’s already stretched. Reuters
Rivals aren’t letting up. According to Counterpoint Research data reported by Reuters, SK Hynix captured 53% of the HBM market in the third quarter of 2025, trailed by Samsung at 35% and Micron at 11%. Even with robust AI demand, SK Hynix says 2026 will bring a more challenging business climate. Reuters
All eyes turn to the U.S. Consumer Price Index for February, set for release March 11 at 8:30 a.m. ET. Any unexpected number has the potential to shake up rate cut predictions for the Fed and send chip shares moving quickly. Bureau of Labor Statistics
Next up, all eyes shift to Nvidia’s GTC event in San Jose, running March 16 through March 19, as traders scan for signals on AI-server appetite. Then comes Micron’s own turn in the spotlight—with its March 18 results call at 4:30 p.m. EDT. That’s the date that matters for Micron holders: the question is whether tight memory supply, HBM traction, and those new data-center products are still enough to keep the narrative alive. nvidia.com
