Nasdaq, S&P 500, Dow Futures Rise As Micron, Qualcomm Calm AI Jitters: Why WEN, SPCX, NVDA Stocks Are Also In Focus - Yahoo Finance

On June 24, 2026, U.S. stock index futures rose significantly, driven by strong quarterly earnings from Micron Technology and updated revenue forecasts from Qualcomm. Micron reported a 346% surge in q... Read original →

Micron’s 346% revenue surge signals AI data centers have shifted from speculative demand to acute HBM supply constraints. This technical ripple is accelerating HBM4 and CXL memory adoption, forcing TSMC, Samsung, and packaging partners in Taiwan, China to reallocate advanced capacity. While U.S. export controls temporarily boost Micron’s non-China orders, they lock in a structural revenue gap post-2028 as China remains irreplaceable in volume. Qualcomm’s Meta alliance isn’t just growth—it’s a strategic pivot to edge AI inference amid NVIDIA’s training dominance. Over the next 12–24 months, the memory sector will enter a ‘structural shortage’ phase: SK Hynix may sacrifice consumer DRAM output to prioritize AI, while extended equipment lead times inflate capex across the board. This isn’t a cyclical rebound—it’s the foundational re-architecting of AI infrastructure.