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Tech Jitters Ease on Micron's Blowout Earnings
Micron Technology crushed Wall Street expectations overnight, reporting Q3 revenue of $41.5 billion (a $6.2 billion beat) with cloud memory up 307% year-on-year and core data centre up 653%. The stock surged ~13% after hours, dragging Nasdaq futures up around 2% and effectively reversing the session's losses. Qualcomm added to the momentum with positive CEO commentary.
In today's Morning Call, Mark Gardner covers:
— Why Micron's result matters for the broader AI trade and whether the rally can continue from here
— Oil hitting its lowest level since before the Iran war as 20 million barrels…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.