Memory stocks rallied Thursday as reported talks between SK Hynix Inc. and Intel Corp. over U.S. memory-chip production coincided with warnings that constrained supply could worsen in 2027. SK Hynix shares rose 3.5% to $181 in premarket trading, while Micron Technology Inc. gained more than 5%, Intel rose 3.1% to $104.18 and Western Digital Corp. advanced 3.20% to $430.30. Reuters reported that SK Hynix was considering leasing part of Intel's delayed Ohio complex or forming a cloud-backed joint venture to secure memory supplies, although neither company confirmed an agreement. Intel CEO Lip-Bu Tan said memory prices had risen five- to sevenfold and that the bottleneck could worsen next year. TrendForce estimates server DRAM contract prices rose 64% in the second half of 2025 and could increase another 270% in 2026, while executives expect meaningful new capacity only from 2028 or 2029. Micron's fiscal fourth-quarter results, due Sept. 30, will provide the next major update on pricing and margins after fiscal third-quarter revenue reached $41.46 billion, compared with $9.30 billion a year earlier, and its non-GAAP gross margin reached 84.9%.