On August 25, Micron Technology rose 3.05% in pre-market trading, trading at $938.35/share, with turnover of $170 million. The rebound follows a nearly 6% single-day decline on August 24 when Samsung's shareholder return plan fell short of market expectations, triggering a broad selloff across the storage sector.

Market focus has shifted to NVIDIA's fiscal second-quarter earnings report scheduled for after-hours on August 26, with expectations around Blackwell platform volume ramp and sustained AI compute demand serving as a key sentiment catalyst for the semiconductor sector. Storage peers are also recovering, with SK Hynix up 2%, Seagate up nearly 2%, and SanDisk up 1.7% in pre-market trading.

Fundamental support persists as Micron's CEO previously stated that datacenter customer demand exceeds the company's committable supply by approximately 50%, underscoring the structural supply-demand tightness driven by AI infrastructure buildout. The company has also signed five-year strategic agreements with 16 customers to lock in long-term demand visibility.

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