--- title: "Micron Stock Rallies as Samsung Earnings Hint at Long-Term Chip Shortages" type: "News" locale: "en" url: "https://longbridge.com/en/news/294389773.md" description: "Micron stock surged 12.4% after Samsung reported record revenue and warned of persistent chip shortages through 2028, signaling long-term supply tightness due to AI demand. This rally reversed a recent slump caused by SK Hynix missing earnings estimates. Analysts maintain a Strong Buy consensus for Micron with an average price target of $1,569.29." datetime: "2026-07-30T15:34:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294389773.md) - [en](https://longbridge.com/en/news/294389773.md) - [zh-HK](https://longbridge.com/zh-HK/news/294389773.md) --- # Micron Stock Rallies as Samsung Earnings Hint at Long-Term Chip Shortages Micron Technology (MU) stock jumped on Thursday, breaking out of a severe four-day slump. The sudden turn came after South Korean competitor Samsung (SSNLF) reported record quarterly revenue. This sent a signal to investors that global chip shortages could last for years to come. ### Claim 55% Off TipRanks - Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions - Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks MU shares rose 12.4% in early morning trading as the gain helped ease worries across the semiconductor market. Before Thursday's rise, Micron stock fell 25% over four straight trading sessions and dropped more than 30% overall during July. ## **Samsung's Earnings Report Fueled the Confidence** Samsung acts as the largest memory-chip maker in the world, making its financial updates a benchmark for competitors like Micron. The company posted a 1,814% year-over-year jump in operating profit alongside record quarterly sales. Executives also warned that high demand for AI hardware will keep memory supply tight for years. Jaejune Kim, chief of Samsung's memory business, noted during an earnings call that supply constraints will grow more severe in 2027 and persist through 2028. ## **SK Hynix's Earnings Miss Caused MU's Stock Drop** The rally in Micron stock follows days of investor selling across memory chip stocks after competitor SK Hynix (SKHY) missed Wall Street estimates. SK Hynix posted lower second-quarter revenue, operating profit, and margins than Wall Street expected, despite achieving company-record numbers. This earnings miss pushed chip stocks down across global markets. Micron shares fell 10.1% on Wednesday alone, while SK Hynix American depositary (SKHY) receipts fell 2.6%. SK Hynix grew revenue by 257% and operating profit by 557%. Wall Street expected even higher numbers from SK Hynix, which sparked the sell-off. ## **Is Micron a Good Stock to Buy?** Micron stock (MU) carries a Strong Buy consensus, based on 30 analyst ratings over the past three months. Out of those, 29 call it a Buy and one recommends a Hold. The average 12-month MU price target sits at $1,569.29, which represents 85.50% upside potential. (See **MU stock forecast**) ### Related Stocks - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [07347.HK](https://longbridge.com/en/quote/07347.HK.md) - [09347.HK](https://longbridge.com/en/quote/09347.HK.md) - [07747.HK](https://longbridge.com/en/quote/07747.HK.md) - [09747.HK](https://longbridge.com/en/quote/09747.HK.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) ## Related News & Research - [SK Hynix is the latest chip giant to discover that a 557% profit boost isn't good enough](https://longbridge.com/en/news/294150674.md) - [Will Micron Stock (MU) Recover from Today's Fall?](https://longbridge.com/en/news/294094763.md) - [After Micron's $18 Billion Deposits and Dell's Five-Year AI Deals, SK Hynix Says Customers Are Putting Cash Down to Lock In Future Chip Supply](https://longbridge.com/en/news/294193881.md) - [Micron Investors Get Another Reason to Be Nervous](https://longbridge.com/en/news/294237789.md) - [Leigh Baldwin & CO. LLC Grows Position in Micron Technology, Inc. $MU](https://longbridge.com/en/news/294495261.md)