Micron leads memory chip rally pre-market
4.2 Markets Micron leads pre-market gains as memory chip demand rises, supported by the Department of Commerce and strong DRAM/NAND price forecasts.
Memory stocks are experiencing a double boost as Micron leads pre-market trading. The U.S. Department of Commerce is encouraging Apple to source more memory chips domestically, further supporting demand for these components. KeyBanc projects DRAM prices to rise by 15–20% and NAND by 30–40%, maintaining a tight, AI-driven price cycle. This creates a favorable environment where both momentum and fundamentals are aligned for memory chip makers. However, a key risk remains: DRAM and NAND prices could decline faster than anticipated, which may challenge the outlook for a prolonged strong cycle. Notably, Micron has surpassed $1,000, signaling renewed momentum ahead of the market open.
