New York, Feb 17, 2026, 04:59 EST — Premarket
- Micron slipped 0.6% in premarket trading, moving lower along with other chip and storage stocks.
- Micron is on track to start rolling out commercial chip production in India before February wraps up, according to an Indian government official.
- Micron’s upcoming results are drawing investor scrutiny, as the market hunts for clues on AI-driven memory demand and pricing trends.
Micron Technology slipped 0.6% before the bell Tuesday, trading at $411.66. The stock finished Monday at $414.08.
Traders are turning their attention back to Micron’s manufacturing ramp, and the question now is where fresh supply will hit the market first. India’s efforts to expand homegrown chip production have entered the picture, though the bulk of Micron’s profits remains tightly linked to shifts in memory pricing.
S Krishnan, secretary for India’s electronics and information technology ministry, told The Economic Times that Micron is on track to start rolling out commercial semiconductor chip production in India by the end of February. Speaking at the IndiaAI Impact Summit, Krishnan singled out high-bandwidth memory (HBM)—the stacked memory tech used with AI accelerators—as a critical element for scaling up AI adoption. (The Economic Times)
“We have underwritten the market,” Krishnan said, laying out how the government is opting to subsidise access to AI computing instead of putting subsidies toward data-centre construction. (The Economic Times)
Micron’s been drawing attention lately for its data-center hardware, especially with demand rising for AI-related workloads. The company rolled out its 9650 series PCIe 6.0 solid-state drives—these are aimed squarely at data centers and tout next-gen storage speeds. According to Tom’s Hardware, the new drives can hit read speeds up to 28 GB/s and enable quicker data transfers between storage and compute units. (Tom’s Hardware)
Micron wasn’t the only name feeling the heat early. Nvidia dropped roughly 2.2% ahead of the bell, and storage stocks Western Digital and Seagate lost ground, too.
Micron holders are watching to see if AI-driven demand continues to squeeze the high-end memory market, even as the company pours money into boosting output. HBM’s been strong, sure, but memory prices tend to shift fast once extra supply lands.
Here’s the risk: fresh capacity lands just as the cycle softens, or clients pause after their heavy AI spending sprees—both squeeze margins and pricing. Stiffer rivals in memory and data-center gear add to the pressure, and if qualification takes longer, returns feel the pinch.
All eyes turn to March 19 for Micron’s next earnings report, with Zacks Investment Research calling that the likely inflection point for the stock. (Zacks)
