Tech stocks live: AI trade roars back after Micron earnings crush estimates - Yahoo Finance

On June 25, 2026, Micron Technology's strong third-quarter earnings report significantly exceeded market expectations, becoming a key catalyst for the resurgence of AI-related stocks. The company beat... Read original →

Micron’s earnings beat signals AI demand shifting decisively from compute to memory, with HBM3E ramp and 1-beta node yields forcing rivals like Samsung to accelerate 1-gamma timelines. IBM’s sub-1nm claim lacks foundry scale to challenge TSMC’s advanced packaging dominance in Taiwan, China. Qualcomm’s $40B non-handset target hinges on AI PC and auto edge chips, but reliance on SMIC for mature-node outsourcing risks margin erosion from U.S.-China compliance friction. Alibaba’s slide reflects tightening global scrutiny on model IP—not just data—requiring Chinese firms to overhaul overseas AI governance. Over the next 18 months, memory will dominate AI capex, while U.S. CHIPS Act disbursements may trigger stricter export controls on lithography tools from the U.S., Japan, and the Netherlands.