Micron Stock Climbs as Intel Warns of Worsening Memory Shortage

Micron Technology’s shares rose about 5.5% after Intel warned that memory-production constraints could worsen next year, underpinning Micron’s pricing power amid AI-driven data-center demand. The memory-maker posted strong recent results (June 2026 revenue around $41.5B with very high gross margins) and guided near $50B in revenue for the current quarter, though investors question whether expectations match the top-line strength.