With Memory chips (DRAM) up 3.1%, this looks like a sector-led move rather than a company-specific surprise.
Memory chip stocks are trading higher today following a positive report from Bank of America on Micron, citing sustained tight supply into 2027-2028 due to artificial intelligence demand. Adding to the sector's positive momentum, SK Hynix shares gained on reports of a potential $12 billion special dividend. This news, combined with broader industry forecasts for significant growth in the memory market driven by AI, is boosting investor confidence.