Tech stocks mixed ahead of Micron earnings Wednesday


Tech stocks were mixed in early trading Monday as questions continued to loom over the US-Iran peace deal.

On the artificial intelligence front, memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out. On Monday, the company announced a strategic agreement with Anthropic, in which the memory maker will supply Anthropic (ANTH.PVT) with both memory and storage chips to support its data center goals.

Shares of SpaceX (SPCX), meanwhile, fell in early trading Monday, after closing out the holiday-shortened week lower on Thursday.

Intel (INTC) stock continued to climb after President Trump posted on Truth Social last week that the company is working with Apple (AAPL) to build chips for the iPhone maker.

LIVE 1 update

  • Micron stock surges amid memory trade boom

    Yahoo Finance’s Ines Ferré reports:

    Micron Technology (IN) stock surged nearly 5%, putting the memory chipmaker on pace to hit a fresh record on Monday ahead of its earnings this week. The rest of the chip complex was poised to climb to new highs, including memory and storage maker Sandisk (SNDK).

    Micron stock jumped, along with the rest of the chipmaker space, as investors awaited the company’s results on Wednesday, providing a bellwether for memory demand in AI inference.

    UBS analyst Melissa Weathers recently raised the bank’s price target for Micron to $1,500 per share, as demand for DRAM — the type of memory used for data centers, servers, and smartphones — is “still set to vastly outpace supply growth in the coming years, driven by more memory-intensive AI workloads.”

    Read more here.



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