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 February due to progress in U.S.-Iran peace talks and resumed tanker traffic, easing inflation concerns. Gold prices dropped over 3% below $4,000 amid a stronger dollar and expectations of Fed rate hikes. Cryptocurrencies also declined, with Bitcoin falling below $60,000. Several analyst upgrades and downgrades were noted, reflecting mixed investor sentiment across sectors.
Micron Technology reported strong Q3 results with revenues and earnings exceeding consensus estimates by over 15%, driven by higher sales volumes and price hikes amid a memory chip shortage. Despite this robust performance, the current stock valuatio...
Micron Technology's recent agreements fix prices for about 40% of its revenue, limiting potential near-term upside even if chip shortages worsen. The company's Q4 gross margin guidance suggests only modest price increases, indicating a slowdown in th...
Micron Technology's shares surged 17% after reporting a record fiscal Q3 with $41.5 billion revenue and an 85% gross margin, driven by $100 billion in multi-year AI memory contracts. This strong performance lifted peers SanDisk and Western Digital, h...
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...
