Micron rises after rival SK Hynix says it’s “sold out” all of its 2026 production already

Micron is rallying in premarket trading on Wednesday, up 3.7% as of 8:07 a.m. ET, as the memory chip specialist is lifted by its South Korean rival’s robust outlook.

SK Hynix achieved record quarterly results thanks to a pickup in both volumes shipped and its selling prices.

On the conference call, an SK Hynix executive said that capacity for high-bandwidth memory, dynamic random-access memory, and NAND (or flash) memory chips are all essentially “sold out” for 2026. Separately, management said that both its own and customer inventory levels have declined because of the speed of deploying AI infrastructure.

Both SK Hynix and Micron are suppliers to Nvidia, the recently minted $5 trillion chip designer.