Micron Technology's Q2 revenue forecast above estimates has led to a surge in chipmakers' shares. Micron's stock rose by 7.5% premarket and surged by 8.63% to $85.48 post earnings. NVIDIA shares were up by 1.6%, AMD gained 1.7%, Qualcomm rose by 0.5%, and Intel's shares were up by 1%. The stock market rebounded, with the tech-heavy Nasdaq out front, as chip manufacturers surged, led by Micron Technology after its better-than-expected quarterly forecast. The S&P 500 rose after cooler inflation data, with the major averages heading for an eighth-straight winning week as Wall Street looked to extend its year-end rally.
⚠️ JUST IN: *S&P 500 ENDS HIGHER AHEAD OF LONG CHRISTMAS HOLIDAY WEEKEND https://t.co/8obqqirpxI 👈 $DIA $SPY $QQQ https://t.co/00Z9BSG5w5
The S&P 500 rose Friday after cooler inflation data, with the major averages heading for an eighth-straight winning week as Wall Street looked to extend its year-end rally. The Dow shed 0.05% The S&P 500 rose 0.17% The Nasdaq climbed 0.19% https://t.co/1VCH2SQT2Q https://t.co/bN4vNURvOP
S&P 500 Storms Toward Best Quarter Since 2020 As 'Santa Claus Rally’ Takes Hold https://t.co/MwApcnaWrd https://t.co/sW2N5xJhxR
Updated view of $MU earnings and sales via @MarketSmith @IBDinvestors #IBDPartner https://t.co/5jyHr9fpTS https://t.co/RYWDECZkZO
US stocks climb as the Fed's favorite inflation gauge slows more than expected https://t.co/PF7XjwzQXE
Wall Street ends sharply higher, winning back much of the previous day's losses, rebounding with a boost from chips, led by Micron Technology after its better-than-expected quarterly forecast https://t.co/qDc0Scb26K https://t.co/Z5neCs3d9r
All three major US stock posted gains as stocks of chip manufacturers surged, led by Micron Technology after its better-than-expected quarterly forecast, putting the tech-heavy Nasdaq out front https://t.co/tPsgEnTHsh https://t.co/h95L7A2USN
US stocks closes higher, winning back much of the previous day's losses, as economic data continues to fuel optimism that the Federal Reserve would ease monetary policy https://t.co/tPsgEnTHsh https://t.co/58mHMGrgU7
CNBC Daily Open: Markets rebound in time for the Santa Claus rally https://t.co/eqzvIUXFiI
$MU finishes up 8.63% to $85.48 #trading #stocks #markets https://t.co/Lt4jwVv2QL
'The Santa Claus rally is real': Why the stock market has a good chance of hitting record highs next week https://t.co/xA0dKjzkGB
Micron shares surge post earnings on the back of higher prices. It’s our #ChartoftheDay. The Investment Committee debates the bet on chips with our very own @KristinaParts. $MU $NVDA https://t.co/FMjR21rYYi
$MU | Micron Technology Guidance Reflects Strong Pricing Rebound: 10 Analysts Deep Dive Into Q1 Earnings https://t.co/A110VvoyHq
$MU forecasts better chip demand in 2024. Stock jumps. Commentary: Seems like executives are doing a little window dressing into year end, trying to give the stock a boost. The amount of times an end of year forecast has been correct....not a great history. $SMH $NVDA $AMD
$NVDA $AMD $QCOM $INTC 🔸 SHARES OF CHIPMAKERS RISE AFTER PEER MICRON TECHNOLOGY FORECASTS Q2 REV ABOVE ESTIMATES 🔸 NVIDIA SHARES UP 1.6%, ADVANCED MICRO DEVICES SHARES GAIN 1.7%, QUALCOMM SHARES UP 0.5%, INTEL SHARES UP 1%
$MU up 9% after all that bull flow into the report https://t.co/vkCRdXKjuV
The S&P 500 Took a Tumble but Here’s Why the Santa Rally Isn’t Called Off https://t.co/sGtG3jx0jR
$MU (+7.5% pre) Micron shares advance on ‘better-than-anticipated’ results, strong guidance - MW https://t.co/HPYl9OIcqK
$MU $NVDA $AMD $QCOM $INTC 🔸 SHARES OF CHIPMAKERS RISE PREMARKET AFTER PEER MICRON TECHNOLOGY FORECASTS Q2 REV ABOVE ESTIMATES 🔸 NVIDIA SHARES UP 1.3%, ADVANCED MICRO DEVICES UP 0.9%, QUALCOMM UP 1.1%, INTEL UP 0.9% PREMARKET
Micron’s AI Potential Has Wall Street Buzzing. The Stock Rises. https://t.co/GjRvwtssVt