WS #10627
Micron reports record Q3 revenue of $41.46B (beat by 16%), adjusted EPS $25.11 (beat by 21%), guides Q4 revenue $49B-$51B (vs. est. $42.9B), driven by AI memory demand; stock jumps 9% after hours. Top House Democrat calls for national moratorium on AI data centers; Pennsylvania House votes to codify strict standards for data center developers. Qualcomm unveils Dragonfly C1000 CPU and AI300 accelerator at Investor Day, signs Meta as first data center customer, directly competing with Intel and AMD.
Micron Earnings Blowout
Micron reports record Q3 revenue of $41.46B (beat by 16%), adjusted EPS $25.11 (beat by 21%), guides Q4 revenue $49B-$51B (vs. est. $42.9B), driven by AI memory demand; stock jumps 9% after hours.
Top House Democrat calls for national moratorium on AI data centers; Pennsylvania House votes to codify strict standards for data center developers.
Qualcomm unveils Dragonfly C1000 CPU and AI300 accelerator at Investor Day, signs Meta as first data center customer, directly competing with Intel and AMD.