Quick Read – Qualcomm (QCOM) shares surged after CEO Cristiano Amon disclosed entry into data center infrastructure with a leading hyperscaler’s custom silicon engagement targeting shipments later this calendar year. – Micron (MU) stock rose after the company posted $13.64B in…
revenue (up 57% YoY) with Cloud Memory unit nearly doubling to $5.28B and guidance for Q2 revenue of $18.7B driven by intensifying HBM and DRAM tightness. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Micron Technology wasn’t one of them. Get them here FREE
Shares of Qualcomm (NASDAQ:QCOM) are up roughly 8% to around $237 in early Monday trading, extending one of the most aggressive multi-week runs in large-cap semis. Micron Technology (NASDAQ:MU) is climbing alongside it, up about 4% to around $774. The moves follow a blistering Friday session, when QCOM closed up 8% at $219.09 and MU finished up 15% at $746.81.
Over the past month, Qualcomm stock is up 86% and Micron shares are up 88%, the kind of trajectory that defines a parabolic phase. Year to date, the divergence is even sharper. QCOM stock is up 40%, while MU shares are up 177%, reflecting how aggressively investors are repricing the AI semiconductor complex.