Micron (MU) Shares Surge 18% After Strong Earnings Report
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowMicron Technology (MU) shares increased by 18% following its fiscal Q3 earnings report, which exceeded analysts' expectations. The rally in Micron contributed to a rise in Nasdaq futures by 2.1% and S&P 500 futures by 0.7%. Additionally, Qualcomm shares climbed 10% after adjusting its guidance for non-handset revenue for fiscal 2029. The dollar index was up approximately 0.1% as market participants awaited the upcoming inflation data for May, with expectations for the PCE price index to rise by 0.5% month-over-month.
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About Micron Technology Inc. (MU)
Micron Technology is a leading maker of memory chips, spanning DRAM and NAND flash.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier MU news
- Micron (MU) and Qualcomm (QCOM) Show Major Premarket Moves
- Micron (MU) Earnings Surge Boosts S&P 500 Futures Ahead of Inflation Data
- Micron (MU) earnings ease AI fears, boost Asian stocks
- Micron (MU) Reports Earnings Impacting AI Market Sentiment
- S&P 500 Declines Ahead of Micron (MU) Earnings Updates
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