Micron’s $22B AI Memory Deals Boost Nvidia and SK Hynix Shares
NVDA•Micron forecast quarterly profit and revenue well above expectations, with customers committing $22 billion to secure AI-driven memory supplies, sending Micron shares up 12% after hours. The upbeat outlook nudged Nvidia shares higher and drove SK Hynix and Samsung Electronics up as much as 11.6% and 6.2%, respectively.
1. Micron Beats Forecasts
Micron reported quarterly revenue well above consensus, driven by surging demand for AI-related memory products. The company confirmed that major data center customers have committed $22 billion in advance orders for memory chips, underpinning its upbeat guidance.
2. Nvidia Shares Respond
Nvidia shares rose modestly following Micron’s after-hours rally, reflecting investor confidence that robust memory supply agreements will sustain strong GPU deployment in data centers supporting AI workloads.
3. South Korean Suppliers Jump
SK Hynix and Samsung Electronics rallied sharply in early trade, with SK Hynix gaining 11.6% and Samsung up 6.2%. SK Hynix also announced plans to raise 45.45 trillion won ($29.5 billion) via a secondary Nasdaq listing to capitalize on AI investor enthusiasm.
4. Memory Market Dynamics
The surge underscores how AI-driven shortages are prompting large-scale data center operators to lock in supply, reshaping the memory market and solidifying the value proposition for companies supplying components critical to Nvidia’s GPU platforms.
