New York, Feb 26, 2026, 10:02 EST — Regular session
- Micron slipped roughly 0.8% early, pulling back after Wednesday’s 2.6% jump.
- The chipmaker’s fiscal second-quarter results and conference call are slated for March 18.
- Nvidia’s bullish forecast has investors zeroing in on AI server demand and memory prices.
Micron Technology shares pulled back Thursday morning, dropping roughly 0.8% to $425.48 as of 9:48 a.m. EST. This comes after the stock jumped 2.6% on Wednesday, closing at $429.00. Traders split their focus between Nvidia’s recent earnings and anticipation for Micron’s own upcoming results. 1
Timing is crucial here: Micron now acts as a high-speed stand-in for AI server spending. These servers chew through memory, leaving investors watching closely to see if supply remains tight and prices elevated through the next quarter.
Micron’s in the business of DRAM and NAND memory chips, crucial for everything from data centers to PCs and smartphones. High-bandwidth memory (HBM)—that’s the stacked DRAM built to sit near AI processors for quicker data movement—has turned into a real margin mover. Tiny changes in HBM supply, and margins can shift in a hurry.
Micron announced late Tuesday that it plans to report fiscal second-quarter results on March 18, with the earnings call set for 2:30 p.m. Mountain time. Investors can catch the webcast on the company’s investor relations page. 2
Nvidia put the market on edge overnight, projecting first-quarter revenue of $78 billion, give or take 2%—a figure that easily tops the $72.6 billion consensus from analysts, according to LSEG. “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, told Reuters. 3
Nvidia’s CEO Jensen Huang said in remarks with the report that demand for compute is “growing exponentially,” adding, “our customers are racing to invest in AI.” That theme keeps spilling over into memory stocks. 4
Micron faces stiff competition as Samsung Electronics and SK Hynix, the other primary memory players, continue expanding. Investors are keeping a close eye on how fast these companies ramp up HBM and other data-center offerings.
Premarket action saw memory and storage stocks like Sandisk, Seagate Technology, and Western Digital pop up on Barron’s radar following Nvidia’s numbers. Micron ticked up as well, ahead of the bell. 5
The downside? That story’s well-known. Memory markets are notorious for swinging from tight supply to oversupply. A quicker supply ramp, or even a hiccup in data-center spending, can knock prices down fast.
Micron’s next big date is March 18. Investors want to hear management’s take on data-center demand, whether HBM supply is holding up, and if pricing remains solid heading into the next quarter.
