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Western Digital stock and shares of hard-disk drive rival Seagate Technology rallied after Micron's results.
Stocks looked set to rally after memory-chip maker Micron’s strong earnings and guidance breathed some life into the artificial-intelligence trade, which has stumbled in recent sessions. Nasdaq 100 futures jumped 2% on Thursday. S&P 500 futures gained 0.7%.
June 25 (Reuters) - Nasdaq futures jumped 2% on Thursday after upbeat forecasts from chipmakers Micron and Qualcomm pointed to strong demand for artificial intelligence infrastructure, lifting
By Ankur Banerjee SINGAPORE, June 25 (Reuters) - Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-
Stocks in Asia climbed alongside US equity futures after Micron Technology Inc.'s blowout sales outlook reignited confidence in the artificial-intelligence trade. Bloomberg's Anthony Stephens has the context on how the AI sector is trending.
KOSPI surged over 5% after Micron's fiscal Q3 earnings crushed expectations, triggering a buy-side sidecar on the Korea Exchange.
By Ankur Banerjee SINGAPORE, June 25 (Reuters) - Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-
Shares of chipmakers surged late on Wednesday, adding over $400 billion in market value after strong forecasts from Micron Technology and Qualcomm breathed fresh life into Wall Street's recently waning AI stock rally. Micron surged 12% in extended trade after forecasting quarterly earnings above analysts' estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips. Also after the bell, Qualcomm said it expects $15 billion in sales from its data center business by 2029 as it moves beyond its core smartphone chip business and shifts its focus to AI.
Investing.com - Micron Technology Inc (NASDAQ:MU) delivered the strongest quarterly results in its history after Wednesday's close, posting fiscal third-quarter 2026 revenue of $41.46 billion against a Wall Street consensus of $35.69 billion, a 16.2% beat, and earnings per share of $25.11 versus the $20.49 estimate, a 22.6% upside surprise. The print sent Micron shares up roughly 12.6% in extended trade to around $1,180.97, recovering from a regular-session close of $1,047.20.
Micron Technology, which has seen its value triple this year, said revenue quadrupled in the second quarter and forecasted that rapid growth will continue due to near-insatiable demand for its memory chips. Shares surged by more than 15% in after-hours trading after the company beat Wall Street expectations in virtually every financial metric watched closely by investors, including sales, earnings per share, adjusted gross margin and the company’s forecast. Micron and its peers make chips that have become a central component in the artificial-intelligence boom, helping to facilitate the high-powered computing needed by top AI models.
Micron surged overnight on strong earnings and guidance, lifting other memory and chip plays. The Fed's favorite inflation gauge is on tap.
Investing.com -- Memory-chip maker Micron Technology topped Wall Street expectations in its fiscal third quarter and issued significantly stronger-than-expected guidance for the current quarter, sending shares up about 9% in after-hours trading as investors cheered continued AI-driven demand for memory chips.
The lesson from Micron's blowout Q3 earnings is that AI customers are treating memory like a bottleneck they cannot afford to leave to chance.
Micron Technology forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that insatiable demand for AI-related infrastructure will continue to drive strong demand for its memory chips. Shares of the company rose around 4% in extended trading. The company expects fourth-quarter revenue of $50 billion, plus or minus $1 billion, compared with analysts' average estimate of $43.58 billion, according to data compiled by LSEG.
Heavily shorted Wendy's stock is soaring after gaining traction on Reddit. The rally suggest a short squeeze is in action.
Retail investors flooded into Wendy's stock after the struggling chain named a new CFO, with short interest above 23% fueling squeeze speculation
Micron’s fourth-quarter outlook will be closely watched. The red-hot memory stock needs a big number.
Tuesday’s 13% slides from Sandisk and Micron trimmed their 2026 gains to 727% and 269%, respectively.
Micron reported its Q3 earnings after the bell on Wednesday.
Micron stock jumped nearly 5% after a strategic AI deal with Anthropic landed two days before its earnings report.
Memory chipmaker Micron Technology (MU) announced a new AI infrastructure partnership with private developer Anthropic (ANTH.PVT). Yahoo Finance Tech Editor Dan Howley weighs in on this headline while outlining Wall Street forecasts on Micron's latest earnings. Micron is set to report fiscal third quarter earnings results this Wednesday, June 24.
Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.
Wall Street enters the final full week of June with investors juggling inflation, artificial intelligence and the health of the banking sector. After last week's Federal Reserve meeting under new Chair Kevin Warsh, attention now shifts to a busy slate of economic data, corporate earnings and...
Investing.com -- Micron Technology (NASDAQ: MU) caught a massive tailwind on Monday, with shares jumping 5.5% after the memory-chip giant unveiled a deep strategic partnership with AI heavyweight Anthropic. The surge comes as a perfect appetizer for investors just days before Micron’s highly anticipated Wednesday earnings report.
Micron Technology (NASDAQ:MU) stock is up about 6% in Monday morning trading to around $1,199, leading a broad memory and storage rally into the company’s Wednesday earnings report. Western Digital (NASDAQ:WDC) stock is also up by about 6% to around $788, while SanDisk (NASDAQ:SNDK) stock is up 5% to around $2,294. The group is resisting ... Micron and Western Digital Rise 6%, SanDisk Gains 5% as Memory Stocks Rally Into Micron’s Earnings