Micron rises after SK Hynix earnings; Samsung results next test

Micron shares gained 5.9% after SK Hynix's upbeat earnings and outlook, which projected memory shortages through 2030 and announced a $75 billion shareholder-return plan. Micron is expected to launch its own buyback program in December. Samsung's results Wednesday are the next major test for the memory trade. Seagate rose 4.5% despite an EPS beat, as investors wanted more after Western Digital's strong results.