# Micron Stock Rallies on SK Hynix Report

> Micron stock jumps 4.8% after SK Hynix reports record revenue and strong outlook.
- Title: Micron Stock Rallies on SK Hynix Report · The Motley Fool
- Summary: Micron stock jumps 4.8% after SK Hynix reports record revenue and strong outlook. Micron Technology stock rose 4.8% as SK Hynix reported record revenue and…
- Keywords: micron, sk hynix, semiconductor, stock rally, revenue, outlook, memory chips, finance, money, Stock, Rallies, Hynix
- Source: The Motley Fool — https://fool.com/investing/2026/10/28/why-micron-technology-stock-rallied-today
- Author: Danny Vena, CPA
- Published: 2026-10-28T15:41:39+00:00
- Read time: 1 min
- Topics: micron, sk hynix, semiconductor, stock rally, revenue, outlook, memory chips, ai, finance, money
## Micron stock jumps
Shares of Micron Technology (MU) rose 4.8% Wednesday as of 11:31 a.m. ET.
## SK Hynix reports record revenue
SK Hynix reported 104.6 trillion south korean won in revenue, up 328% year over year.
## SK Hynix outlook
SK Hynix expects demand to outpace supply through 2030 and has sold out for next three years.

> Demand [is] expected to outpace supply through 2030
## Micron benefits from demand
Micron will benefit from high-bandwidth memory and ai-driven chip demand.
## Key takeaway

Micron Technology stock rose 4.8% as SK Hynix reported record revenue and forecasted sustained demand through 2030.