🔥 New Developments Alongside Micron’s Strike Warning - 2026.10.22

Well, Onion’s here~ ☕ Grab a morning coffee and get comfortable. On October 21, Micron closed at $915.60. That was up 2.18%(+2.18%) from the previous day’s $896.07. There was also news that Micron, SanDisk, and SK Hynix all rose in premarket trading ^[5]. With strike talk continuing while the stock moved like this, let’s start by looking at that contrast today.

What’s at stake in the strike warning?

Micron’s Taiwan union announced plans to strike on the 22nd over performance bonuses ^[1]. The union is asking for bonuses like those at Samsung Electronics and SK Hynix ^[1]. Citing analysis from KB Securities, Korea Economic Daily reported the view that this strike warning could hand Samsung and SK the lead in memory supply ^[2]. That’s KB’s conditional opinion, not a confirmed outcome. In my experience, how a strike ends at the negotiating table matters far more than a day’s headlines. 🤔

Wall Street views are divided

What’s interesting is that even after the stock fell 17%, some on Wall Street are talking about upside potential ^[3]. That’s an assertion from the securities industry, not a plan announced by the company. Seeking Alpha’s analysis, which covered SK Hynix’s third-quarter results, pointed out that Micron has already discussed what lies ahead ^[6]. In other words, you can’t look at the memory industry through the lens of just one company—you have to read its numbers alongside those of its peers. Now, now, there’s real fun in piecing the puzzle together all at once.

China’s CXMT wildcard and the technology roadmap

Here’s what stood out most in this coverage. Micron’s CTO said the company would not pursue development of 4F² memory chips despite Chinese firm CXMT’s technological progress ^[4]. When a competitor is moving faster, sticking to a roadmap—or choosing not to—can signal where a company is placing its bets. Onion sees a clear bullish scenario for the memory market. But it’s still just a hypothetical scenario. Whether the assumptions translate into actual demand and pricing remains to be seen. They say memory is everything in this business—and that strike talk is hard to forget too~ 😂

Questions that remain unanswered

The biggest variables are how the strike actually ends and how far bonus negotiations progress. I’m also curious whether Wall Street’s bullish case will translate into earnings and supply-and-demand conditions. What you all want to know, in the end, is what the next big catalyst will be. I haven’t spent 30 years watching the market for nothing: on days like this, the best thing is to keep a list of questions until the results are announced. 📈

📰 Reference News (6)

3

Micron stock plunges 17%, yet Wall Street sees "120% upside potential"… price target of 2,000 USD maintained - Coinreaders

코인리더스 · 2026.10.21

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5

Why Micron, SanDisk, and SK Hynix Are Rising in Premarket Today, October 21 - TipRanks

TipRanks · 2026.10.21

📰 View original