Micron Rebounds as Samsung Workers Threaten Strike That Could Cut Memory Supply

A potential walkout at Samsung raises the risk of higher memory prices in a market already stretched by AI demand.

Overview

Micron shares rose 2.49% to $742.72 in premarket trading Monday after a 6.6% slide Friday that followed a hotter inflation report.
Samsung’s union is planning a general strike from May 21 to June 7 and is demanding bonuses equal to 15% of the company’s operating profit.
Samsung and union leaders resumed talks Monday with discussions expected to continue through Tuesday, while a court required safety staffing but did not block a strike.
Jefferies estimates a full Samsung walkout would remove about 3% of global memory output, and South Korea’s prime minister warned a one‑day shutdown could cost up to 1 trillion won.
Bank of America raised its Micron price target to $950 on expectations of tight supply, and investors now look to June 24 earnings with EPS of $19.15 and revenue of $33.51 billion forecast.