WS #10639
Micron's record FQ3 revenue of $41.46B (+346% YoY) and FQ4 guidance of $50B (+21% QoQ) drove S&P 500 futures +0.7% and Nasdaq futures +2.0%, with MU up 13% after-hours, confirming sustained AI memory demand. Qualcomm unveiled data center chips to challenge Nvidia, with CEO stating 'billions' in revenue by 2027 and a China-specific chip to comply with US export controls.
Micron earnings drive semiconductor surge
Micron's record FQ3 revenue of $41.46B (+346% YoY) and FQ4 guidance of $50B (+21% QoQ) drove S&P 500 futures +0.7% and Nasdaq futures +2.0%, with MU up 13% after-hours, confirming sustained AI memory demand.
Qualcomm unveiled data center chips to challenge Nvidia, with CEO stating 'billions' in revenue by 2027 and a China-specific chip to comply with US export controls.