MU is trading at $813.72 (+6%) in pre-market as the company is positioned to capture market share while competitors Samsung and SK Hynix face severe supply chain disruptions.
- The Strait of Hormuz blockade has halted shipments of helium, bromine, and other essential chip-making chemicals since March 2026, impacting South Korean manufacturers.
- The stock is rebounding sharply from a 3.61% decline on May 12, supported by a 0.64% rise in Nasdaq futures despite geopolitical tensions driving oil prices higher.