9 months ago
Micron Stock Surges Amid Strong Memory Demand
Micron Technology's stock has had a great year, going up by 174%.
This is because more people are buying memory hardware.
On Friday, it went up by 2.6%, making it the best performer in the S&P 500.
Dell and HP, two big computer companies, reported their earnings this week.
Dell did well and its stock went up by 5.8%, but HP did not do as well and its stock went down.
HP said that the price of memory chips is going up, which will cost them about 30 cents for the whole year.
Other companies like Western Digital and Seagate, which make storage products, also saw their stocks go up a little bit.
Micron Technology's stock has surged 174% this year due to high demand for memory hardware.
Micron's shares jumped 2.6% on Friday, making it the top performer in the S&P 500.
Dell Technologies' stock rose 5.8% after its earnings beat expectations, showing effective management of memory chip costs.
HP Inc. issued a weaker-than-expected 2026 earnings forecast, citing increased memory prices as a factor.
Western Digital and Seagate Technology Holdings also saw gains on Friday, climbing 2% and 1.7% respectively.
- Who
- Micron Technology, Dell Technologies, HP Inc., Western Digital, Seagate Technology Holdings
- What
- Micron stock surged due to strong memory demand, while HP and Dell reported mixed results
- Where
- United States
- When
- Micron gained 2.6% on Friday, Dell jumped 5.8% on Wednesday, HP's forecast was issued on Tuesday
- Why
- Strong demand for memory hardware and effective supply chain management by Dell
Key facts
- Micron Stock Gain
- 174% this year
- Micron's Friday Gain
- 2.6%
- HP's 2026 Earnings Forecast
- Weaker than expected
- Dell Stock Gain
- 5.8% after earnings beat
- HP's Memory Price Impact
- 30 cents for the full year
- Western Digital Gain
- 2% on Friday
- Seagate Technology Holdings Gain
- 1.7% on Friday
Quotes
Enrique Lores
CEO of HP Inc.
“From a supply perspective, we’re in a good position, but clearly we see price increases. We think that the impact is going to be around 30 cents for the full year, so it’s fairly significant.”
livemint.com
Sources
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