Micron (MU) Stock Rises as AI Boom Sparks Fresh Wave of Chip Price Hikes

Micron Technology MU shares rose about 3% on Friday as earnings updates from Dell Technologies (DELL) and HP Inc. (HPQ) signaled rising prices for memory components used in PCs and AI servers.

Investors focused on comments from both PC makers that pointed to increasing costs for DRAM and NAND chips, which are widely used in data centers and personal computers. Micron is one of the largest global suppliers of those products.

Dell reported quarterly results that topped estimates, saying higher demand for AI servers helped offset rising component expenses. Shares of Dell climbed more than 6% following the report.

HP, by contrast, issued a softer outlook for fiscal year 2026. Chief Executive Enrique Lores said memory costs are expected to weigh on profit, adding that the impact could be what he called significant over the year.

Market participants said the updates suggest pricing strength for memory makers may continue as AI infrastructure spending expands.