Micron, SK Hynix, and peers jump double-digits after Samsung signals tightening memory supply, lifting pricing power.
Memory chip stocks rallied sharply as Samsung warned of tightening supply, driving Micron up 15% to $851.56 and SanDisk 22% to $1,239.76. Western Digital and Seagate also gained 18% and 16%, respectively, while the DRAM ETF rose 13% to $50.68.
The surge follows Samsung’s alert on constrained memory supplies, a shift from prior oversupply concerns. The NASDAQ 100 mirrored the gains, rising nearly 3%, as broader tech sentiment improved amid expectations of stronger pricing power.
Analysts noted the rally reflects cyclical recovery in semiconductors, though valuations may outpace near-term earnings growth. The sector’s sensitivity to supply-demand dynamics remains a key driver for investors.