On the morning of June 25, memory chip concept stocks opened on a strong note. Taiji Industry soared to its daily limit, hitting a record high in the process. Yoke Technology, BIWIN Storage, Jiangbo Long, and GigaDevice all saw their shares surge by over 4%. Tongyou Technology, Deep Technology, and Dapu Micro emerged as the frontrunners in terms of gains.
On the news front, Micron Technology's stock price experienced a remarkable 16% jump after the market closed on June 24. The company anticipates its adjusted revenue for the fourth fiscal quarter to range between USD 49 billion and USD 51 billion, significantly surpassing market expectations of USD 43.24 billion. Micron's CEO attributed this bullish outlook to the growth in artificial intelligence demand across the entire industry chain, coupled with structural constraints on the supply side. He further predicted that the tight supply-demand situation for memory chips would persist beyond 2027.