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. ADR listing to expand AI memory chip production amid rising demand. Meanwhile, Alibaba shares dropped to a 16-month low after Anthropic accused it of illicitly accessing AI models, intensifying pressure on Chinese tech stocks. The White House also requested $87.6 billion in supplemental spending for defense and other priorities, signaling ongoing fiscal support amid geopolitical tensions.
Nvidia is issuing its first significantly increased dividend on June 26, 2026, boosting payouts by 2,400% from the previous rate. The company plans to allocate 50% of its free cash flow this year to dividends and stock buybacks as it ramps up manufac...
Recent risk-off sentiment caused sharp declines in growth tech, space stocks, cryptocurrencies, and precious metals due to forced deleveraging. However, Micron's strong earnings report could help stabilize the chip sector. Oil prices fell below $70 a...
Tech stocks fell after a morning rally faded, despite Micron Technology's strong earnings boosting its shares nearly 15% after hours. The Nasdaq closed down 0.43%, while the Dow and Russell 2000 saw modest gains. Oil prices hit their lowest since Feb...
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...
