Stocks in AI, semiconductor chips, and data center companies experienced notable selling pressure for the second consecutive session. This decline is not a broad risk-off move, as safe-haven assets like Treasuries did not see increased demand. Instead, the market appears to be adjusting positions in the heavily favored AI chip and hyperscaler sectors, possibly shaking out late investors before Micron's upcoming earnings report. This suggests cautious sentiment rather than a fundamental drop in demand.
Micron's stock surged over 15% after reporting its most profitable quarter ever, with Q3 revenue hitting $41.4 billion, up from $9.3 billion a year ago. Adjusted earnings per share soared to $25.11, and net income reached $28.24 billion. The company ...
Micron's shares surged over 15% after reporting its most profitable quarter ever, with revenue hitting $41.4 billion, up from $9.3 billion a year ago. Adjusted earnings per share soared to $25.11, and net income reached $28.24 billion, driven by stro...
Micron Technology reported fiscal Q3 earnings of $25.11 per share on $41.46 billion revenue, surpassing analyst expectations. Revenue more than doubled year-over-year, driven by strong demand in AI-related memory products. The company forecasted Q4 r...
Micron reported fiscal Q3 revenue of $41.46 billion, more than quadrupling from $9.3 billion a year ago, driven by surging demand for memory chips fueled by the AI boom. The company's adjusted EPS of $25.11 also beat estimates, and its stock rose abo...
Micron Technology reported record third-quarter fiscal 2026 results with revenue of $41.46 billion and GAAP net income of $28.24 billion, reflecting strong demand for memory products in the AI era. The company highlighted strategic customer agreement...
