Micron Shares Jump 1.7%–3.7% Premarket on Market Rebound and SK Hynix Deal
MU•Micron Technology shares rose about 1.7%–3.7% in premarket trading as S&P 500 and Nasdaq futures climbed following a Friday selloff that erased $1 trillion from U.S. chipmakers’ market value. A fresh SK Hynix deal with Nvidia further boosted semiconductor sector sentiment, lifting Micron stock.
1. Chip Futures Rally Drives Premarket Gains
S&P 500 and Nasdaq futures climbed on Monday after chip stocks plunged to two-week lows on Friday, retracing losses that wiped out roughly $1 trillion in market value across U.S.-listed semiconductor companies. Micron Technology shares led the rebound in the sector, gaining between 1.7% and 3.7% in premarket trading as investors regained confidence in AI-driven growth prospects.
2. SK Hynix–Nvidia Deal Lifts Sector Sentiment
A newly announced memory supply agreement between SK Hynix and Nvidia reinforced optimism across the semiconductor industry, as analysts view the deal as validation of robust demand for advanced memory chips. That development not only buoyed SK Hynix shares but also provided a positive catalyst for Micron, as investors anticipate similar tailwinds in the competitive DRAM and NAND markets.
