WS #10638
Micron reports record FQ3 revenue of $41.46B (+346% YoY) and guides FQ4 revenue of $50B (+21% QoQ), driving Nasdaq futures +2% and MU +13% after-hours, confirming sustained AI memory demand. Qualcomm unveils data center AI chips, targeting 'billions' in 2027 revenue, and plans China-specific chip to comply with export controls, challenging Nvidia's dominance.
Micron Record Earnings Drive Tech Rally
Micron reports record FQ3 revenue of $41.46B (+346% YoY) and guides FQ4 revenue of $50B (+21% QoQ), driving Nasdaq futures +2% and MU +13% after-hours, confirming sustained AI memory demand.
Qualcomm unveils data center AI chips, targeting 'billions' in 2027 revenue, and plans China-specific chip to comply with export controls, challenging Nvidia's dominance.