WS #10668
Micron reported Q3 revenue of $41.46B (quadruple YoY) and guided Q4 ~$50B, with shares up 16%+ premarket; Needham raised PT to $1650, confirming strong AI-driven memory demand. EU regulators propose designating Amazon Web Services and Microsoft Azure as gatekeepers under tech rules, with Amazon and Microsoft responding critically, potentially impacting cloud operations in Europe. Amazon announced an additional $13B investment in AI and cloud infrastructure in India, bringing total to $48B, expanding AWS capacity in Mumbai and Hyderabad.
Micron blockbuster earnings and AI memory strength
Micron reported Q3 revenue of $41.46B (quadruple YoY) and guided Q4 ~$50B, with shares up 16%+ premarket; Needham raised PT to $1650, confirming strong AI-driven memory demand.
EU regulators propose designating Amazon Web Services and Microsoft Azure as gatekeepers under tech rules, with Amazon and Microsoft responding critically, potentially impacting cloud operations in Europe.
Amazon announced an additional $13B investment in AI and cloud infrastructure in India, bringing total to $48B, expanding AWS capacity in Mumbai and Hyderabad.