Micron Gains 0.9% as Nasdaq Futures Drop 1% on Chip Oversupply Concerns
MU•Micron shares rose 0.9% after Samsung posted a record quarterly operating profit. Nasdaq futures slid nearly 1% and Samsung’s stock dipped 6.9% as investors weighed DRAM oversupply risks.
1. Market Reaction
Micron shares climbed 0.9% after Samsung Electronics reported its highest ever quarterly operating profit, yet broader chip-sector sentiment remained muted. Nasdaq futures fell nearly 1% as Samsung’s own stock slid 6.9%, underscoring lingering investor skepticism despite strong earnings.
2. Sector Oversupply Fears
Analysts highlight that elevated DRAM and NAND inventory levels have pressured memory-chip prices, with some forecasting further declines into the second half of 2026. This oversupply concern is dampening valuations across major chip manufacturers, including Micron, even in the face of robust peer profitability.
