Earnings and forward revenue guidance beat expectations, driving a large immediate move (reported as +17% premarket), which typically has follow-through over several sessions as investors reassess AI memory demand and sector outlook.
LIVE Tech stocks live: AI trade roars back after Micron earnings crush estimates Daniel Howley · Technology Editor Updated Thu, June 25, 2026 at 2:33 PM GMT+2 1 min read MU IBM QCOM BABA Micron's ( MU ) third quarter earnings on Wednesday delivered a powerful signal to AI trade skeptics, lifting the chipmaker's stock 17% in premarket trading and buoying the broader markets. Micron beat analysts' expectations on the top and bottom lines and surpassed estimates for the company's Q4 revenue outlook. Micron also declared a quarterly dividend of $0.
15 per share. Tech stocks turned higher on Thursday morning as the report eased concerns about the artificial intelligence trade. On the semiconductor front, IBM ( IBM ) stock rose after the company said it could produce chips smaller than 1 nanometer.
Qualcomm ( QCOM ) also surged after the company raised its non-handset revenue target to $40 billion by fiscal year 2029. Meanwhile, shares of Alibaba ( BABA ) fell to a 16-month low after Anthropic ( ANTH. PVT ) sent a letter to several senators and White House officials, accusing the company of "illicitly" accessing its AI model.
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