New York, Feb 27, 2026, 16:29 EST — Trading after hours.
- Micron shares slipped Friday, with chip stocks losing ground toward the end of the week.
- S&P bumped Micron up to BBB, citing AI-fueled gains and a healthier cash flow.
- Micron’s results on March 18 are up next, giving investors their next real window into where memory pricing and demand actually stand.
Micron Technology finished Friday at $412.14, slipping 0.8% after the stock bounced between about $401 and $418 during the session. Over the last two days, that’s put shares almost 4% in the red. 1
Chip stocks lost ground, with the sector cooling as investors took a step back from popular AI bets and lofty valuations. “Priced in a lot of good news… time for a breather,” said Talley Leger, chief market strategist at The Wealth Consulting Group, while the group slipped. 2
The tape softened just after S&P Global Ratings lifted Micron one notch to BBB from BBB-, maintaining a positive outlook. The agency pointed to accelerating growth and bigger scale as AI demand pushes forward. S&P noted Micron’s net leverage sits near zero, and projected the company could stack up over $10 billion in cash for fiscal 2026, though U.S. CHIPS and Science Act restrictions continue to limit share buybacks. 3
Tech stocks lost more ground Thursday, deepening Wall Street’s pullback after Nvidia’s earnings didn’t ignite renewed demand for major AI plays. “It feels like an Nvidia hangover that’s specific to the AI space,” said Michael Green, chief strategist at Simplify Asset Management. The Philadelphia SE Semiconductor index dropped, and the Nasdaq followed suit. 4
Micron slipped 3.13% Thursday, ending the session at $415.56. That puts shares roughly 9% shy of their 52-week high, with the drop mirroring moves in other big chip names during the day. 5
Micron is rolling out 3GB GDDR7 memory modules rated at 36 gigabits per second for graphics cards, stepping into the fray with Samsung and SK Hynix as the latest player in next-gen GPU memory. According to Tom’s Hardware, Micron’s new modules don’t quite catch up to the top speeds set by its competitors, but adding a third supplier could ease the pressure for GPU makers facing limited inventory. 6
The credit upgrade, though, hinges on Micron maintaining pricing power into 2026 not only for its high-end chips, but right across DRAM and NAND. All this needs to happen while capex tapers off relative to operating cash flow. If memory prices falter or demand takes an unexpected dive, cash generation could tumble quickly—especially as major expansion projects are still underway. 7
Micron shares slipped alongside other memory and storage stocks as Nvidia’s results sent a jolt through the sector. Seagate and Western Digital logged losses as well, Barron’s reported. 8
Micron’s lineup—DRAM, NAND, and NOR memory and storage—finds its way into PCs, data centers, and mobile devices. That leaves the stock prone to swings tied to the chip cycle and any changes in AI-related spending. 9
Micron has its fiscal second-quarter earnings on deck for March 18, with the call set for 2:30 p.m. Mountain time, according to the company. Memory pricing, signs of supply tightness, and whether AI demand is translating to tangible revenue—those are the key things traders will be parsing. 10
