Micron Gains 3.6% Premarket; DRAM ETF Soars 4.5% on Iran Tension Easing
MU•Micron shares rebounded 3.6% in Thursday’s premarket as the DRAM ETF jumped 4.5% following U.S.-Iran tensions easing. The stock had slumped about 18% from last week’s peak due to profit-taking after a powerful AI-led rally; SK Hynix plans to triple wafer capacity by 2034.
1. Premarket Rebound and ETF Rally
Micron shares jumped 3.6% in Thursday’s premarket session, driven by a 4.5% surge in the DRAM ETF as memory stocks recovered after recent geopolitical volatility. Renewed buying interest reflects optimism over AI-driven data center demand despite midweek market jitters.
2. Weekly Decline and Profit-Taking
The stock had declined roughly 18% from its peak last week due to profit-taking after a strong AI-led rally, including a drop of about 12% over the past five trading sessions. Traders cited valuation concerns and a broader semiconductor pullback as catalysts for the recent selloff.
3. SK Hynix Capacity Expansion Impact
SK Hynix’s plan to triple wafer capacity by 2034 highlights aggressive supply growth in the memory sector, signaling potential intensification of competition. While aimed at meeting soaring datacenter and AI demand, some industry observers warn even this expansion may fall short of future needs.
