On August 5, Micron Technology rose 3.42% in regular trading, reaching $922.0/share with turnover of $5.737 billion, extending the memory sector rebound momentum.

On the news front, all three major memory suppliers — Samsung, SK Hynix, and Micron — have fully allocated their entire DRAM and HBM capacity for 2027, signaling the AI wave is pushing the memory market into a structural shortage cycle. Additionally, PSMC Acting Chairman Brian Shieh confirmed that the long-term manufacturing partnership with Micron remains on schedule following founder Frank Huang's passing. Under the agreement, PSMC will perform post-wafer fabrication work for Micron's high-bandwidth memory chips used in AI processors, with a pilot production line expected by the end of the year and mass production targeted for Q4 2027.

Bank of America reiterated its Buy rating on Micron with a $1,550 target price, calling the recent selloff an enhanced buying opportunity and projecting fiscal 2028 EPS of approximately $150. Counterpoint Research data showed Micron held 25% DRAM market share in Q2, with revenue surging roughly fivefold since the prior year, positioning it to challenge SK Hynix for the global second-largest DRAM supplier rank.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)