China's YMTC Tops Micron in NAND Shipments — but Micron Wins Where It Matters: Revenue

Micron Technology, Inc. (NASDAQ:MU) stock traded lower Thursday morning, even as U.S. stock futures pointed slightly higher. Nasdaq futures rose 0.07%, while S&P 500 futures gained 0.18%.

Micron’s premarket decline comes despite a favorable industry backdrop. The company is benefiting from a shift toward higher-value NAND products as artificial intelligence fuels demand for enterprise storage, according to Counterpoint Research. Enterprise solid-state drives accounted for 48% of global NAND shipments in the second quarter, nearly double their 26% share a year earlier. Counterpoint said rising AI inference demand tightened supply and helped push industry revenue to record levels.