Nvidia Rebounds After Nearly $1 Trillion Wipeout; SK Hynix Pricing in Focus

As of 1:00 PM Beijing time on July 11, 2026 (1:00 AM ET on July 11), U.S. markets were closed for the weekend. In the last trading session (July 10), Nvidia (NVDA) closed at $210.96, up 4.03% (+$8.18) from the prior close of $202.78, opening at $202, hitting a high of $211 and a low of $201.92.^{[Investor's Business Daily]} On the same day, memory-chip giant Micron (MU) closed at $1,018.33, up 7.33%, extending gains from its guidance upgrade.^{[The Motley Fool]}

Nvidia: Rebound and Buyback Expectations After a Nearly $1 Trillion Wipeout

Nvidia has seen wild market-cap swings recently. According to Yahoo Finance, the company’s market cap briefly evaporated by nearly $1 trillion, a drop that could push management into action.^{[Yahoo Finance]} The report notes that a loss of this magnitude could “trigger a bullish move,” meaning the company may ramp up share buybacks to support the stock and reward shareholders. In Friday’s trading, Nvidia bounced 4.03%, recouping some of the losses.

Another Yahoo Finance analysis directly posed the question “buy or sell at this price,” reflecting the market’s split on Nvidia’s current valuation and future trajectory.^{[Yahoo Finance]} Despite the sharp pullback, Nvidia’s leadership in AI chips and its still-growing revenue remain the market’s focus.

Micron: Guidance Blows Past Estimates, AI Memory Super Cycle Extends

Micron (MU) was another standout Friday. Per The Motley Fool, Micron delivered stunning results for fiscal Q3 2026 (ended May 28): revenue of $41.5 billion, up 74% QoQ and 346% YoY; net income of $28.2 billion, up 105% QoQ and 205% YoY.^{[The Motley Fool]} Those numbers crushed consensus estimates.

Even more striking was Micron’s Q4 guidance. The company expects revenue of $50 billion, up 20% QoQ, and EPS of $30.73, up 25% QoQ. Analysts had been modeling just $42.5 billion in revenue.^{[The Motley Fool]} The core driver is “insatiable demand” for high-bandwidth memory (HBM) chips from AI workloads. CEO Sanjay Mehrotra said on the call that Micron has not only sold out all HBM capacity for the rest of 2026, but has already pre-sold all of its 2027 capacity. He expects “AI-driven demand, combined with structural supply constraints, to keep conditions tight well past 2027.”^{[The Motley Fool]}

SK Hynix Pricing and Market Supply Dynamics

Against the backdrop of Micron’s blowout, the other memory giant, SK Hynix, also drew attention. According to Investor's Business Daily, SK Hynix has priced its large stock offering.^{[Investor's Business Daily]} The pricing came right after Micron’s strong guidance, and the market sees it as a signal of capex expansion in the memory industry. Analysts believe SK Hynix’s fundraising is likely aimed at expanding HBM and other advanced memory capacity to seize the AI opportunity. The move has also sparked debate about future supply-demand balance in memory chips, especially given Micron’s capacity sellout.

Broader Market and What’s Next

On July 10, beyond Nvidia and Micron, several other names moved. Per Investor's Business Daily, Valero Energy (VLO) and Dell (DELL) also rose, while SpaceX hit a new low.^{[Investor's Business Daily]} Oil prices spiked on Iran-related news, boosting the energy sector.^{[Investor's Business Daily]}

With markets closed for the weekend, all eyes are on next week’s open. Can Nvidia sustain its bounce? Will Micron hold its gains from the $50 billion revenue guide? And how will memory stocks react to SK Hynix’s pricing? Meanwhile, Micron’s strategic customer agreements (SCAs) with 16 clients—3- to 5-year contracts locking in price ranges—are worth watching, as they could improve cash flow and profit stability.^{[The Motley Fool]}

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