Micron $22B Memory Chip Deals Lift Nvidia and Spark $400B Sector Rally
NVDA•Micron forecast customers had committed $22B to memory chip supplies, lifting Nvidia shares by roughly 0.5% after-hours and adding over $400B to market value of chipmakers. SK Hynix announced plans to raise ₩45.45 trillion ($29.5B) through a Nasdaq listing after its stock surged 11.6% on strong AI chip demand.
1. Micron Forecast Spurs Sector Rally
Micron forecast customer commitments of $22 billion for memory chips in its latest quarter, sending its shares up 12% in after-hours trading and adding over $400 billion to the market value of semiconductor peers. This surge underscored robust AI-driven demand across the memory sector.
2. SK Hynix Plans ₩45.45T Nasdaq Listing
SK Hynix shares jumped 11.6% after the company unveiled plans to raise ₩45.45 trillion ($29.5 billion) through a Nasdaq secondary listing. Management cited strong investor interest in AI-related semiconductors as the rationale for tapping U.S. equity markets.
3. Implications for Nvidia Memory Supply
Nvidia shares rose approximately 0.5% following Micron’s outlook, reflecting eased concerns over memory supply for AI GPUs. The influx of committed memory capacity could support Nvidia’s data center growth by securing component availability amid tight market conditions.
