Micron stock jumps over 16% in premarket trading after blockbuster earnings

June 25, 2026

Breaking News

Micron soared in premarket trading on Thursday after the memory maker reported blockbuster third-quarter earnings as the AI boom causes demand for memory to surge.

The company’s revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion in its fiscal third quarter, it reported on Wednesday.

Revenue came in higher than analyst expectations of nearly $36 billion, according to LSEG consensus estimates.

The company is now forecasting revenue of about $50 billion for the current quarter, an increase from $11.3 billion in the prior year.

Its stock was last seen up 16.4% in premarket trading and rose a staggering 723% over the past year, pushing the company’s market cap to $1.2 trillion. CNBC reports.

EdgeUp

📱 Qualcomm jumps as it looks beyond smartphones to cash in on the AI boom

Qualcomm stock jumped over 12% in premarket trading on Thursday, after the company said it raised its non-handset revenue target to $40 billion by fiscal 2029, twice its previous goal.

The figure includes an anticipated $15 billion in new data center revenue.

The announcement came during the company's investor day event in New York on Wednesday, where it outlined plans for a variety of data center products, including chips, servers, software, and custom processors. Yahoo Finance reports.

💾 Global chip stocks surge as blowout Micron results reignite AI rally

Global chip stocks surged on Thursday after Micron Technology's blockbuster results reignited the AI-driven rally, lifting tech shares from Seoul to Frankfurt as investors grew more confident about persistent demand and tightening supply.

Micron, a key supplier for Nvidia's AI chipsets alongside South Korean chipmakers, forecast quarterly profit and revenue well above expectations on Wednesday and said its customers had committed $22 billion to lock in supplies of memory chips.

The read-across was immediate in Europe, where Dutch chip-equipment maker ASML, the region's most valuable company, rose more than 4% following two days of heavy losses triggered by investors taking profits after a record surge. Yahoo Finance reports.

🛰️ SpaceX Stock Is Down 23% From Its Post-IPO High. History Says This Will Happen Next.

Elon Musk's Space Exploration Technologies made its market debut on June 12. It was the largest initial public offering in history by two different measures.

The company raised a record $75 billion, and the stock started trading with a record market capitalization of nearly $1.8 trillion.

SpaceX shares hit an all-time high of $202 on June 16, representing 50% upside from its IPO price of $135.

That brought its market value to $2.6 trillion. But the stock has since tumbled 23% to $156 as of June 23. Yahoo Finance reports.

🛢️ Oil price falls to levels not seen since before Iran war

The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes.

Global benchmark Brent crude briefly fell below $72.48 a barrel, the price it was at the day before the US and Israel launched attacks on Iran on February 28, before edging up to $72.63.

Energy prices have been on a wild ride since Iran responded to the strikes by effectively closing the strait, a critical waterway for oil and gas shipments. Yahoo Finance reports.

₿ Bitcoin’s Woes Could Be Compounded by $10 Billion Options Expiry

Bitcoin is facing a massive options expiry that could put more pressure on a market already struggling with fading institutional demand and macroeconomic headwinds.

About $10 billion of notional value in Bitcoin options is set to expire on Deribit, the largest crypto options venue, at 4 p.m. Friday in Singapore.

Because most of those options are bullish bets and Bitcoin has been falling, there's potential for traders to adopt more defensive or bearish positioning. Yahoo Finance reports.

🤖 Investors still seek a human touch even with AI tools at hand: HSBC

Investors continue to rely on professional financial advisers for their final investment decisions, even as artificial intelligence becomes more widely used in the initial stages of research, according to a survey by HSBC.

The survey, which polled around 10,000 affluent and high-net-worth individuals across 10 markets, found that 62% use financial professionals and institutions as their main source of investment ideas.

About 37% of respondents said human financial experts had the greatest influence on their final investment decisions, three times as many as those who cited AI, according to HSBC. CNBC reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) WYY: WidePoint Corporation
Total gain: +54.94%

2) EHGO: Eshallgo Inc.
Total gain: +31.35%

3) FCUV: Focus Universal Inc.
Total gain: +28.73%

4) TECH: Bio-Techne Corporation
Total gain: +20.54%

5) WAVE: Eco Wave Power Global AB (publ)
Total gain: +19.73%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on June 25.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) ECHO: EchoStar Corporation
Total gain: +107.01%
The company announced that it will change its Nasdaq stock ticker symbol from "SATS" to "ECHO" to better represent the company's expanding lines of business. Globe Newswire reports.

2) PLSM: Pulsenmore Ltd.
Total gain: +93.26%
The company announced a strategic partnership with Ouma Health, a leading provider of virtual maternity care solutions in the United States. PR Newswire reports.

3) ICCM: IceCure Medical Ltd
Total gain: +51.96%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

ADXN: Addex Therapeutics
Q1 2026
Before Market Open
Estimate: N/A
Actual: -1.530

WGO: Winnebago Industries
Q3 2026
Before Market Open
Estimate: 0.780
Actual: N/A

DRI: Darden Restaurants
Q4 2026
Before Market Open
Estimate: 3.640
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:30 AM - Durable Goods - May
8:30 AM - 3rd estimate GDP - 1Q
8:30 AM - Weekly Jobless Claims - Jun. 20

Parting Thoughts

“The successful warrior is the average man, with laser-like focus.”

– Bruce Lee

Sourced in: Discourses — GoodReads.

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