SK Hynix Jumps 7%, Micron Rises 3% on Memory Shortage Call Through 2030 While Seagate Slips Despite Upbeat Guidance

SK hynix reports record Q3 numbers, warns that the memory shortage will last through 2030

SK hynix had a stellar quarter – the financial report for Q3 reports revenues of KRW 104.6 trillion. This is the first time that the quarterly sales have gone above the KRW 100 trillion mark. Better still, the company has margins that we can all be envious of – operating profit was KRW 83.3 trillion and net profit was KRW 39.8 trillion. This is an operating margin of 80% and a net margin of 38%. The company reports cash and cash equivalents of K…

Why Micron Technology Stock Rallied Today

The chipmaker is getting a boost from a rival's results and bullish commentary.

SK Hynix Jumps 7%, Micron Rises 3% on Memory Shortage Call Through 2030 While Seagate Slips Despite Upbeat Guidance

SK Hynix just posted a record quarter and warned that the AI memory crunch could outlast the decade, lifting chipmakers across the board. But Seagate beat estimates and raised its dividend and still sold off, and the reason behind that split matters for anyone holding storage stocks.

The global memory crisis will annoy everyone until 2030 at least

The memory crisis isn't going to be solved before 2030, and there's a new shortage brewing that's just going to make things worse and more expensive.Memory chips are in high demand. It's not going to get better anytime soon. - Image credit: SK HynixManufacturers and consumers are already dealing with the effects of high memory demand caused primarily through AI data center and infrastructure buildouts. Now, it seems that the problem will be affe…

Micron Stock $983 After 5.9% Jump: Sandisk Reports Tonight

Updated 29 October 2026. Micron (MU) closed at $983.23 on Wednesday 28 October, up $54.47 or 5.86 percent, after SK hynix reported a record quarter and said memory demand will outpace supply through 2030. After hours it gave back $24.23 to $959.00 at 7:59 pm ET as Alphabet's results hit tech (StockAnalysis). Verdict: the memory read-through is as strong as it has been all cycle; the question for Thursday is whether it survives a weaker Nasdaq ta…