Wall Street drifts to a mixed finish after Micron soars and Apple drops - Union-Bulletin

On June 25, 2026, U.S. stocks showed a mixed performance amid volatility in AI-related equities. Micron Technology surged 15.7% after reporting stronger-than-expected quarterly profits and revenue, al... Read original →

Micron’s earnings beat reflects surging demand for high-bandwidth memory in AI data centers, not just a one-off rebound. Its HBM3E ramp is straining TSMC’s CoWoS packaging capacity, indirectly inflating AI chip costs for AMD and NVIDIA. Apple’s price hike backlash reveals the fragility of consumer electronics demand under persistent high rates. SK Hynix’s parallel rally confirms a structural, AI-driven recovery in memory—not a cyclical bounce. While softer U.S. inflation briefly eased Treasury yields, prolonged high rates into 2027 will pressure richly valued AI hardware stocks. Over the next 18 months, only firms with HBM scale and advanced packaging alliances will command pricing power; others risk irrelevance.