Micron shares are rising again despite weak overall market. Why memory chip rally seems unstoppable
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- Micron shares rose 5% in premarket trading on Monday, even as S&P 500 futures were set to open lower.
- Micron stock has climbed 11 of the last 15 sessions, more than doubling since the end of March.
- Jay Goldberg of Seaport Research Partners wrote that soaring AI accelerator demand and a memory shortage could dramatically boost revenue for semiconductor firms.
- FactSet reports that Micron, SanDisk, and Broadcom project gross margins above 75% for 2026.
- Roundhill memory ETF DRAM rose about 13% while major equity indices were flat, showing the memory chip rally is detaching from the broader market.
Why it matters: Investors in Micron and other memory chip stocks gain as the company’s 5% pre‑market jump and 75% projected 2026 margins promise strong earnings, while broader market indices miss out on the rally.
