Stock market today: Dow rises, S&P 500 and Nasdaq slip as Micron soars, Apple drags Big Tech lower - Yahoo Finance

On Thursday, June 25, 2026, U.S. stock markets displayed mixed performance. The Dow Jones Industrial Average rose slightly by 0.14%, while the S&P 500 and Nasdaq Composite declined by 0.01% and 0.46%,... Read original →

Micron’s earnings beat isn’t just about AI demand—it signals the inflection point between DDR5 and HBM adoption. This shift forces cloud providers to re-engineer server BOMs while boosting orders for U.S. equipment makers. Apple’s price hike reveals eroding leverage in memory sourcing, especially amid supply concentration in Taiwan, China and Korea. Qualcomm’s data center push mimics its mobile playbook but clashes with NVIDIA’s Grace and AMD’s MI300X ecosystems. Critically, renewed Fed rate hike risks—sparked by sticky PCE inflation—threaten capital-intensive foundry expansions like TSMC Arizona and Intel Ohio. Over the next 18 months, the semiconductor sector will pivot from AI hype to free cash flow discipline. Only firms mastering both CHIPS Act compliance and advanced packaging yields will survive the coming consolidation wave.