Micron Stock Recovers $1000 Mark, Market Eyes Late September Earnings

Micron Technology's stock price returned to the $1,000 threshold for the first time in three weeks, with cumulative gains of nearly 700% over the past 12 months. South Korean peers SK Hynix and Samsung Electronics surged 8.3% and 5.7% respectively on Monday, as sentiment across the memory chip sector fully rebounded. Market attention has now locked onto the September 30 earnings report—with earnings per share expected to jump nearly tenfold to $30.89, and revenue projected to leap from $11.3 billion to $50.4 billion, an increase of more than threefold.