Micron and Western Digital Shares Jump 4.2% as Chip Stocks Rebound
This digest was compiled by AI from multiple sources — links to the originals are below.
Micron Technology and Western Digital shares each rose 4.2% on September 5, 2026, as investors rotated back into semiconductor stocks. The rebound followed an August jobs report that showed 162,000 added payrolls, beating forecasts and initially raising rate-hike expectations. Traders unwound defensive positions in chip designers even as odds of a September rate hike settled at 50%.
Key Facts
- Micron Technology shares rose 4.2% on September 5, 2026.
- Western Digital shares rose 4.2% on September 5, 2026.
- The U.S. Bureau of Labor Statistics reported 162,000 nonfarm payroll jobs added in August, beating the 56,000 estimate from economists polled by FactSet.
- The national unemployment rate held steady at 4.1% in August.
- KLA Corporation rose 7.98% and Semtech climbed 7.96% during the regular session.
Chip Sector Rebound
Traders rotated back into the chip sector during the afternoon session on September 5, 2026. KLA Corporation rose 7.98% and Semtech climbed 7.96%. Marvell Technology advanced 5.92% and Advanced Micro Devices gained 4.18%. Micron Technology and Western Digital each jumped 4.2%.
Labor Market Data
The U.S. Bureau of Labor Statistics reported that employers added 162,000 nonfarm payroll jobs in August. Economists polled by FactSet had estimated a 56,000 increase. The national unemployment rate held steady at 4.1%. Federal funds futures data reported by Bloomberg showed odds of a September quarter-point interest rate hike settled at 50%.
1 source
Time · lag behind first