When is Micron's earnings announcement?

Micron is expected to report its third-quarter results soon, but the exact date was not mentioned in the article.

How does Applied Materials benefit from the memory chip supply crunch?

The supply crunch increases demand for chip manufacturing equipment, boosting Applied Materials' sales.

Are there specific analyst recommendations?

The article did not provide specific rating changes or price targets.

MU, AMAT Stocks Rise Premarket as Analysts Turn Bullish on Memory Chips

Shares of Micron (MU) and Applied Materials (AMAT) rose in premarket trading after analysts issued positive commentary on the memory chip sector, expecting Applied Materials to benefit from demand for memory chip manufacturing equipment.

June 17, 2026

2 min read

Source: Stocktwits

Shares of Micron Technology (MU) and Applied Materials (AMAT) rose in premarket trading today after analysts issued positive commentary on the memory chip sector. The move comes ahead of Micron's third-quarter earnings release, with analysts expecting Applied Materials to benefit from increased demand for memory chip manufacturing equipment.

Rating Changes

No specific rating changes or new price targets were mentioned in the article. However, the analysts' comments support a bullish outlook for both stocks.

Analyst Rationale

Analysts believe that the ongoing supply crunch in memory chips is boosting demand for manufacturing equipment, benefiting Applied Materials. Additionally, Micron's upcoming results may confirm strong demand in the market.

Context

Micron (MU) is currently trading around $140, while Applied Materials (AMAT) is near $200 (data not confirmed). No other analyst comments were cited in the article.

Conclusion

The positive analyst commentary reflects optimism in the memory chip sector, but investors are awaiting Micron's actual results to confirm the trend. The official earnings release should be closely watched.

Frequently Asked Questions

The stocks rose after analysts issued positive commentary on the memory chip sector, expecting both companies to benefit from the supply crunch.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.