Nvidia Flags 'Extreme' Memory Pricing as Micron Consolidates Near Record Highs
MU has more than doubled off its 52-week low of $114.25 on light trading volume (0.2× avg).
Summary
Micron shares are consolidating after a 189% year-to-date run, with Nvidia's CFO warning of 'extreme pricing conditions in memory' that could climb further next year. Nvidia's CEO sees demand growing about 100% next year but supply constraints limiting revenue growth to roughly 70%, reinforcing the tight memory supply backdrop. Gartner projects memory revenue to surge from $220.1B in 2025 to $837.3B in 2026 and exceed $1T in 2027, with DRAM revenue up 246.6% this year. President Trump highlighted Micron's new $10B U.S. research investment, while the administration considers new semiconductor tariffs on data center servers, laptops, and gaming consoles. The next confirmed earnings report is Sept. 30, with consensus EPS of $31.26 and revenue of $50.78B.
At the time of this announcement, MU was trading at $941.44 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $114.25 to $1,255.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Benzinga.