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Sebastian Raedler, head of European equity strategy at Bank of America, discusses his concern that the tech rally is overdone after US chipmaker Micron gained on a blockbuster sales forecast. "Who is going to pay for this capital expenditure that is basically fueling the Micron demand," Raedler asks during an interview on Bloomberg Television.
The Nikkei Stock Average rose 4.6% to a fresh closing high of 72366.34 after memory-chip maker Micron Technology's blockbuster results soothed investor concerns over huge spending on artificial-intelligence infrastructure.
Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
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
Micron Technology Inc. (NASDAQ:MU) is one of the 10 Best AI Chip Stocks to Buy for the Long Term. Micron’s share prices have zoomed 722.27% in the past year, while it has increased 233.45% year-to-date. On June 22, Micron announced a strategic partnership with Anthropic to scale next-generation AI infrastructure. In a press statement, Micron […]
7.50am: 3i reveals slower growth for Action 3i Group said its largest portfolio company, Action, remains on track for a good second quarter despite like-for-like sales growth slowing. Ahead of its annual general meeting on Thursday, the FTSE 100-listed private equity investor said European...
Micron said its chips are booked up for 2026 and beyond and the total addressable market for the company is growing at a faster clip than earlier projected.
Micron's hot streak continues.
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-
Micron Technology Inc (MU) reports a remarkable 346% year-over-year revenue increase, driven by strategic customer agreements and robust demand in the data center sector.
Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. Qualcomm’s share price surged 12% in afterhours trading after the company announced it had raised its forecast for revenue this year to $40 billion from $22 billion.
A look at the day ahead in European and global markets from Ankur Banerjee High-stakes earnings from Micron more than delivered by outlining strong demand for its memory chips and that was enough to
<body><p>STORY: Chip stocks are seeing a rebound after bullish outlooks from U.S. firms Micron Technology and Qualcomm.</p><p>South Korea’s tech-heavy Kospi index jumped around 5% in early trade Thursday.</p><p>Chip giant SK Hynix gained around 10% by mid-morning.</p><p>The rally came after days of sharp declines for global tech stocks, sparked by concerns over the sky-high valuations for AI-related shares.</p><p>:: Micron</p><p>Those worries eased late Wednesday when Micron said customers had committed to spend $22 billion on its chips.</p><p>It also forecast quarterly profit and revenue well above expectations, sending its shares 12% higher in after-hours trade.</p><p>Landsberg Bennett Chief Investment Officer Michael Landsberg says the AI boom has been transformational for memory chip makers like Micron:</p><p>“What’s happened in this space has been, typically this used to be more of a commodity, and so what’s happened now with AI, a lot of these chips are needed to make AI work faster and better so the demand has really been strong across the entire sector.”</p><p>Also after the bell, Qualcomm said it expected $15 billion in sales for its data center business by 2029.</p><p>That’s as it seeks to move beyond its core market of chips for smartphones and focus on AI.</p><p>:: SK Hynix</p><p>Wednesday also saw SK Hynix reveal plans for a major Wall Street stock listing that may raise close to $30 billion.</p><p>That could make it the second-biggest share sale ever, coming just after the record IPO by Elon Musk’s rocket firm SpaceX.</p></body>
A blowout quarter and a $50 billion outlook make the case that AI memory demand isn't peaking. But what does it mean for the broader AI trade?
South Korea's Kospi soared more than five percent in a tech-led surge across Asia on Thursday as a forecast-busting earnings report from US chip titan Micron helped traders brush off their latest worries about the AI investment boom.SK hynix jumped around 10 percent and Samsung more than five percent, pushing up the Kospi almost six percent at one point.
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.
June 25 (Reuters) - Indian shares are set to open higher on Thursday, tracking broader Asia after oil prices fell to pre-Iran war levels as stranded tankers exited the Strait of Hormuz following an
A number of stocks jumped in the afternoon session after the 10-year Treasury yield dropped below 4.5%, providing valuation relief amid a broader tech pullback.
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 data storage manufacturer Seagate (NASDAQ:STX) fell 7.1% in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) fell 4.1% in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.
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