Micron Technology, Inc.

NASDAQ Global Select
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Bullish +65

Micron Technology stock price jumps on Monday, shares up nearly 300 per cent for 2026

📈 Micron Technology shares jumped over 4% in pre-market trading on Monday.

🚀 Shares of the memory chipmaker have risen almost 300% for the year so far.

🔍 The next major catalyst for Micron is its quarterly results expected on Wednesday.

💻 SanDisk shares rose 4% and Intel jumped 3.8% alongside Micron in pre-market trading.

📉 Broader indices including Dow E-minis, S&P 500 E-minis, and Nasdaq 100 E-minis were down slightly.

🏦 Markets expect a 25-basis-point rate hike from the Fed in September according to LSEG data.

🌍 Oil prices fell as much as 2% following Washington and Tehran agreeing to a roadmap for a final deal within 60 days.

🗣️ Federal Reserve Presidents John Williams and Austan Goolsbee will provide policy signals this week.

📉 SpaceX shares slipped 5.2% after two straight sessions of drops following a stellar debut.

Bullish Signals
  • Micron Technology shares jumped over 4% in pre-market trading, indicating strong investor interest.
  • The stock has risen nearly 300% for the year, reflecting significant long-term performance gains.
  • Broader AI-driven optimism is supporting Wall Street's recent rally and benefiting memory chipmakers.
Risk Factors
  • Micron faces an immediate test with its quarterly results expected on Wednesday.
  • Broader market indices including Dow E-minis, S&P 500 E-minis, and Nasdaq 100 E-minis were down slightly.
  • Yields on 2-year notes hit their highest level since early 2025 at 4.230%, reflecting near-term rate expectations.
Full Analysis
Micron Technology shares jumped over 4% in pre-market trading on Monday, driven by broader AI-driven optimism and a resilient economy. The memory chipmaker's stock has risen nearly 300% for the year, with SanDisk also rising 4% and Intel jumping 3.8%. Other market movers included SpaceX shares slipping 5.2% following a stellar debut and Apogee Therapeutics surging after an AbbVie acquisition offer. The rally in memory chipmakers occurred alongside mixed broader market conditions where Dow E-minis, S&P 500 E-minis, and Nasdaq 100 E-minis were down slightly. Investors are closely awaiting Micron's quarterly results scheduled for Wednesday, which will serve as the next critical test for the current price rally. Broader market context includes expectations of a 25-basis-point Fed rate hike in September and yields on 2-year notes hitting 4.230%. Geopolitical developments, specifically progress in U.S.-Iran negotiations, influenced oil prices which fell as much as 2%, while central bank speakers from New York and Chicago are expected to provide policy signals this week.