US Stock Market Move | Micron Technology, Inc. (MU.US) rises over 4%, global DRAM market currently facing supply crisis.

On Wednesday, Micron Technology, Inc. (MU.US) rose more than 4%, closing at $193.67. According to reports, major DRAM manufacturers in South Korea and the United States have suspended quoting prices to enterprise customers for a week. Analysts point out that DRAM prices are expected to increase by more than 30% in the fourth quarter of this year, with some specifications possibly increasing by over 50%. Market research shows that the supply gap for DDR4 memory in the next three quarters will reach 10-15%, and the bottleneck in back-end packaging and testing has exacerbated the supply shortage. Downstream memory manufacturers such as Kingston and Shunshi have also suspended quoting prices. Kingston's chairman, Chen Libai, believes that this quarter will mark the beginning of a continuous rise in the memory market and severe shortages.