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Micron's Strong Earnings and AI Demand Boost Chip Stocks

Micron Technology reported blowout earnings and a strong forecast driven by insatiable AI demand, causing its shares to surge and leading to a rally in South Korean chip stocks, including SK Hynix, which also announced plans for a Nasdaq listing.

24 Jun, 11:38 — 25 Jun, 05:49
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Showing 8 of 9 sources
bloombergHigh2d ago

SK Hynix Surges 12% as US Listing Plan Boosts Valuation Hopes - Bloomberg

SK Hynix Surges 12% as US Listing Plan Boosts Valuation Hopes  Bloomberg

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cnbcMostly Factual2d ago

SK Hynix surges 11% after filing for blockbuster Nasdaq listing

Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it is seeking to raise as much as $29.4 billion.

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forbes2d ago

Micron Earnings: Shares Spike 15% On Record $41.5 Billion Quarter - Forbes

Micron Earnings: Shares Spike 15% On Record $41.5 Billion Quarter  Forbes

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YahooMostly Factual3d ago

Nervous investors await Micron earnings as chip sector whipsaws

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Korea HeraldMostly Factual2d ago

Seoul shares start sharply higher on tech gains led by Micron's strong earnings

South Korean stocks opened sharply higher Thursday, driven by gains in semiconductor shares stemming from a stronger-than-expected earnings report by US memory chipmaker Micron Technology. After going 2.74 percent higher, the benchmark Korea Composite Stock Price Index further added 474.93 points, or 5.61 percent, to 8,945.95 as of 9:15 a.m. The steep rise triggered Seoul's bourse operator to issue a buy-side sidecar at 9:07 a.m., halting program trading for five minutes. A buy-side sidecar is t

By The Korea Herald

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channel-news-asiaMostly Factual2d ago

South Korean chip shares surge after Micron flags strong AI-related demand

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seeking-alphaMixed2d ago

Micron in charts: DRAM and NAND revenues rocket over 340% Y/Y in historic FQ3 '26 surge

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zerohedgeLow2d ago

Micron Soars After Reporting Blowout Earnings, Boosts Guidance

Micron Soars After Reporting Blowout Earnings, Boosts Guidance Step aside Nvidia: as we noted in our preview, with the world's most valuable company going nowhere in recent months, all attention has shifted to Micron, which has rapidly become one of the most important stocks in the world and certainly the most actively traded, surpassing both Nvidia and Tesla in recent days. As such all eyes were on Micron's earnings today, and even with "sentiment at 11/10", according to UBS...

By Tyler Durden

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