Micron’s $41.5B quarter and $50B guidance fuel optimism in AI memory demand, lifting tech shares and futures.
US stock futures rose sharply after Micron reported earnings that eased concerns over AI demand. The chipmaker posted $41.5 billion in quarterly revenue and guided to $50 billion for the next quarter, with an 86% gross margin. High Bandwidth Memory (HBM) demand is fully booked through 2027, extending into 2028, signaling sustained growth in AI-related spending.
Prior to the report, markets had fixated on Micron’s results as a barometer for AI momentum. The company’s strong guidance contrasted with earlier fears of a demand slowdown, reinforcing confidence in the sector. Comparable periods saw similar reactions, with tech stocks often rallying on robust earnings and forward-looking projections.
S&P 500 futures climbed 0.7%, while Nasdaq futures surged 2.0%. Micron shares jumped over 16% in pre-market trading, with other tech names like Sandisk and Qualcomm also gaining. Nvidia and broader big tech stocks extended gains as the AI trade regained momentum.