The headline is explicitly driven by Micron’s reported quarterly results and forward outlook, which typically impacts positioning and analyst expectations over multiple trading sessions.
LIVE Tech stocks live: AI memory trade roars back after Micron earnings crush estimates Daniel Howley · Technology Editor Updated Thu, June 25, 2026 at 5:04 PM GMT+2 1 min read MU QCOM IBM ^IXIC 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. Overall, tech stocks whipsawed on Thursday. Apple stock ( AAPL ) fell more than 4% after the company said it was raising prices on iPads and MacBooks due to the memory shortage but kept iPhone prices the same.
That weighed on the Nasdaq Composite ( ^IXIC ), which turned lower. 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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