Micron shares rose on Wednesday after SK Hynix reported earnings with an upbeat outlook. Samsung's results are the next test for the memory-chip trade.
Micron shares were up more than 4% on Wednesday after the memory-chip trade passed another test.
SK Hynix delivered an upbeat outlook overnight alongside its earnings report, helping to fuel optimism around the memory sector. Among other things, the South Korean chip giant projected that the shortage of memory components will persist through 2030.
Next, attention turns to Samsung. MarketWatch calls its results the next big barometer for a memory-chip trade that is springing back from recent lows.
Source: MarketWatch (snippet-based)
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