New York, Feb 26, 2026, 10:02 EST — Regular session
- Micron shares down about 0.8% in early trade after a 2.6% rise on Wednesday
- Chipmaker has set March 18 for fiscal second-quarter results and a conference call
- Nvidia’s upbeat outlook keeps AI server demand — and memory pricing — in focus
Micron Technology shares slipped on Thursday after a strong prior session, as traders kept one eye on Nvidia’s earnings read-through and another on Micron’s next report. The stock was down about 0.8% at $425.48 by 9:48 a.m. EST, after ending Wednesday up 2.6% at $429.00. (FinancialContent)
The timing matters because Micron has become a fast-moving proxy for spending on AI servers. Those machines consume large amounts of memory, and investors are trying to pin down whether tight supply and higher prices can hold into the next quarter.
Micron sells DRAM and NAND memory chips used across data centers, PCs and smartphones. A key swing factor has been high-bandwidth memory (HBM) — a stacked form of DRAM placed close to AI processors to move data faster — where even small shifts in supply can move margins.
Late Tuesday, Micron said it will release fiscal second-quarter results on March 18 and hold its earnings conference call at 2:30 p.m. Mountain time. The company said the call will be webcast on its investor relations site. (Micron Technology)
Nvidia’s results overnight sharpened the focus. The chipmaker forecast first-quarter sales of $78 billion, plus or minus 2%, well above analysts’ average estimate of $72.6 billion, LSEG data showed. “It’s clear from Nvidia’s latest numbers and their forecast that concerns about an AI slowdown simply are not showing up yet,” Bob O’Donnell, chief analyst at TECHnalysis Research, said. (Reuters)
Nvidia Chief Executive Jensen Huang, in comments released alongside the results, said demand for compute is “growing exponentially” and that “our customers are racing to invest in AI,” a theme that tends to spill over into the memory names. (Investopedia)
Micron’s rivals are not standing still. Samsung Electronics and SK Hynix remain the other two major memory suppliers, and investors are watching how aggressively the group adds capacity for HBM and other data-center products.
In premarket trading, Barron’s flagged Sandisk, Seagate Technology and Western Digital among the memory and storage names drawing attention after Nvidia’s report, with Micron also edging higher before the opening bell. (Barron’s)
But the downside case is familiar. Memory markets have a history of flipping from shortage to glut, and a faster-than-expected supply ramp — or any wobble in data-center budgets — can hit pricing quickly.
For Micron, the next clear catalyst is March 18. Investors will be looking for management’s tone on data-center demand, HBM supply, and whether pricing stays firm into the next quarter.
