AI Hardware and Memory Stocks Rose at Market Open
Shares across the memory sector climbed as Corning finalized a $3 billion deal with AT&T.
Updated on Sept. 29, 2026 in Semiconductors
Live Poll
Is now a good time for you to increase your investments in AI hardware stocks?
Major AI hardware and memory stocks saw gains at the U.S. market open on September 29, 2026. Simultaneously, Corning shares rose following the announcement of a multiyear fiber-supply agreement with AT&T.
Why it matters
The market movement reflects sustained investor interest in AI infrastructure components. The deal between Corning and AT&T highlights the significant capital investment currently flowing into national telecommunications capacity.
Shares for memory manufacturers climbed, with Micron rising 2%, Western Digital up 2.2%, SanDisk up 1.8%, and SK hynix up 1.7%. Corning also surged 2.8% following the formalization of a fiber-supply contract valued at over $3 billion.
The players
Micron Technology
Micron Technology is a major producer of computer memory and computer data storage, including dynamic random-access memory and flash memory.
Corning
Corning is a multinational technology company that specializes in specialty glass, ceramics, and optical physics for industrial and scientific applications.
AT&T
AT&T is a major American multinational telecommunications holding company that provides mobile and broadband services.
Western Digital
Western Digital is a leading computer hard disk drive manufacturer and data storage company.
SK hynix
SK hynix is a South Korean memory semiconductor supplier and the world's second-largest memory chipmaker.
The details
The price increases took effect across the memory sector during the U.S. market open. This activity coincides with a massive expansion project as Corning and AT&T execute their multiyear partnership to bolster fiber network infrastructure.
Timeline
September 29, 2026: AI hardware and memory stocks rose at market open.
9:36 a.m. ET: Micron Technology shares rose 2 percent.
The Tech Race
The surge in fiber-supply contracts follows the trajectory set by the Broadband Equity Access and Deployment Program fiber infrastructure goals. This development signals a structural expansion in physical network capacity required to support the next generation of AI-driven data demands.
Retail investors holding tech-heavy portfolios may see shifts in asset value tied to memory chip production cycles. For consumers, the multi-billion dollar investment in fiber optics suggests potential long-term improvements in high-speed connectivity and network reliability.
The takeaway
Market participants are closely tracking how manufacturing partnerships bridge the gap between hardware supply and network capacity. Investors should monitor how these large-scale infrastructure deals influence chipmaker production targets in upcoming fiscal quarters.
Further reading
For more on industry performance, explore the Semiconductors section.
Source note: This article includes information reported by TokenPost.
Live Poll
Is now a good time for you to increase your investments in AI hardware stocks?
