By Adam Clark
Micron Technology stock was rising again early Monday. The memory-chip company looks to be benefiting from strong signs of demand at its South Korean rivals.
Micron shares were up 4.1% in premarket trading. The stock price has more than doubled in the past three months through to Friday's close, amid a spike in demand for memory and storage hardware as the artificial-intelligence boom grips markets.
The U.S. company looked to be rising in connection with an 11% gain for its Korean peer SK Hynix, which presented its next-generation product plans including several customized AI memory chips at the SK AI Summit 2025 in Seoul on Monday, according to local media reports.
While Micron and SK Hynix are rivals, the demand for memory chips has been so high that any advances are likely to be taken as good news across the industry. SK Hynix recently said it has sold out its entire chip production for the coming year, adding that capacity in its traditional DRAM memory-chip division was likely to be limited because of the surge in AI demand.
That huge surge in demand is transforming the industry. Samsung Electronics has temporarily stopped announcing contract prices for some memory-chip products until mid-November as spot prices tripled, according to Taiwanese publication DigiTimes on Monday. Samsung didn't immediately respond to a Barron's request for comment.
Research firm TrendForce expects conventional DRAM prices to rise between 18% and 23% in the fourth quarter.
"Samsung has largely halted contract offers, while other suppliers have adopted a wait-and-see stance, fueling a bidding atmosphere that continues to drive DRAM prices sharply higher," wrote analysts at TrendForce on Monday.
Write to Adam Clark at adam.clark@barrons.com
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November 03, 2025 07:35 ET (12:35 GMT)
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