Articles > Pre Market Movers: Chip Stocks Surge PreMarket Amid AI Hardware Trade Rebound
- Micron, AMD, and Intel saw premarket surges as investors returned to the AI hardware trade
- AI infrastructure stocks have outperformed hyperscalers, but the latter have more potential for growth
- BofA analysts recommend buying Micron stock after a drop in prices
- Micron raised its guidance on surging memory prices, leading to a 229% increase in the stock's value year to date
Chip stocks, including Micron, AMD, and Intel, experienced a premarket surge on Thursday, as investors reentered the AI hardware trade following two challenging sessions of profit-taking. Micron saw a 3.5% increase in premarket trading, reaching $982.05, while AMD and Intel also gained over 2.5%. This boost came after recent target hikes on Wall Street helped to restore confidence in the sector.
While AI infrastructure stocks have generally performed better than hyperscalers, it is believed that the latter have more potential for growth and success in the long run. Despite this, AI infrastructure stocks are in a good position if there is continued heavy spending on AI infrastructure.
Micron's stock has recently dropped from highs of over $1,200, leading BofA analysts to suggest that now may be a good time to buy at a discount. Additionally, Micron raised its guidance on surging memory prices, indicating a positive outlook for the stock's performance in the near future.
In a recent earnings report, Micron announced impressive results for its latest quarter and provided a strong outlook for the current quarter. This news has led to a significant increase in the stock's value, with a 229% rise year to date. The overall positive performance of Micron, along with the surge in chip stocks in premarket trading, reflects a growing confidence in the AI hardware trade and the potential for continued success in the sector.
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Up/Down Rally Price Distribution Analyst Recommendations Earning Price Impact Analysis Seasonality
Pre Market Movers: Chip Stocks Surge PreMarket Amid AI Hardware Trade Rebound
By KlickAnalytics Data Insights | July 9, 2026 08:10AM ET
Key Points
- Micron, AMD, and Intel saw premarket surges as investors returned to the AI hardware trade
- AI infrastructure stocks have outperformed hyperscalers, but the latter have more potential for growth
- BofA analysts recommend buying Micron stock after a drop in prices
- Micron raised its guidance on surging memory prices, leading to a 229% increase in the stock's value year to date
Chip stocks, including Micron, AMD, and Intel, experienced a premarket surge on Thursday, as investors reentered the AI hardware trade following two challenging sessions of profit-taking. Micron saw a 3.5% increase in premarket trading, reaching $982.05, while AMD and Intel also gained over 2.5%. This boost came after recent target hikes on Wall Street helped to restore confidence in the sector.
While AI infrastructure stocks have generally performed better than hyperscalers, it is believed that the latter have more potential for growth and success in the long run. Despite this, AI infrastructure stocks are in a good position if there is continued heavy spending on AI infrastructure.
Micron's stock has recently dropped from highs of over $1,200, leading BofA analysts to suggest that now may be a good time to buy at a discount. Additionally, Micron raised its guidance on surging memory prices, indicating a positive outlook for the stock's performance in the near future.
In a recent earnings report, Micron announced impressive results for its latest quarter and provided a strong outlook for the current quarter. This news has led to a significant increase in the stock's value, with a 229% rise year to date. The overall positive performance of Micron, along with the surge in chip stocks in premarket trading, reflects a growing confidence in the AI hardware trade and the potential for continued success in the sector.
About MU
Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions. Its operations are structured across four primary business segments: Compute and Networking, Mobile, Storage, and Embedded. The company's product portfolio encompasses a range of memory and data storage technologies. These include high-speed, low-latency Dynamic Random Access Memory (DRAM) components for rapid data retrieval; non-volatile, re-programmable NAND flash storage devices; and fast-read, non-volatile, re-writable NOR memory chips. These innovative solutions are offered under its well-known Micron and Crucial brands, as well as through private label partnerships. Micron's extensive offerings cater to a diverse array of markets and applications. This includes critical infrastructure like cloud servers and enterprise data centers, personal computing (client and graphics), mobile devices such as smartphones, networking equipment, automotive systems, industrial applications, and various consumer electronics. The company utilizes a multi-faceted approach to market its products, employing a direct sales force, independent sales representatives, and a network of distributors and retailers. Additionally, it leverages a web-based direct sales channel and collaborates with various channel and distribution partners. Founded in 1978, Micron Technology, Inc. is headquartered in Boise, Idaho.For more information:
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