The FTSE 100 climbed above 10,500, boosted by strong tech sector gains following Micron's robust earnings report, which lifted semiconductor stocks globally. Halfords shares surged 16% after reporting better-than-expected profits and highest gross margins in a decade, while 3i Group saw a 9% rise despite slower growth at its portfolio company Action. Oil prices dropped to pre-Iran-war levels, pressuring energy stocks like Shell and BP. Investors are now focused on upcoming US inflation data, which could influence Federal Reserve policy and market direction.
Micron's stock surged 18.02% in after-hours trading following its fiscal Q3 earnings report, which beat analyst expectations with an EPS of $25.11 and revenue of $41.46 billion, quadrupling year-over-year. This rally erased earlier losses and pushed ...
Micron Technology reported fiscal Q3 2026 earnings with $41.5 billion revenue and $25.11 EPS, surpassing Wall Street estimates and showing strong demand for AI-related memory chips. Its profits now exceed Nvidia's at a similar growth stage, with Micr...
Micron Technology reported fiscal Q3 results and guidance that far exceeded expectations, causing its shares to jump 17% premarket and lifting the Roundhill Memory ETF (DRAM) by 12.6%. SK Hynix, another major DRAM holding, plans a $29.4 billion U.S. ...
Micron reported exceptional Q3 results, with revenue increasing 345.7% year-over-year and non-GAAP earnings per share rising 1,215%, significantly surpassing expectations. The strong performance is fueled by growing AI-driven memory demand, ongoing s...
Raspberry Pi Holdings PLC shares surged over 10% following strong quarterly results and optimistic guidance from US memory chipmaker Micron Technology. Micron's performance, driven by high demand for memory chips in AI applications, lifted semiconduc...
