Micron delivered a commanding earnings beat with EPS of $33.42 versus $31.35 estimates and revenue of $54.23B, driven by sustained AI memory pricing power. The company guided fiscal Q1 revenue to $61.5B—significantly above the current quarter—signaling robust continued demand for AI-driven semiconductor chips. The result validates the AI boom's staying power for chip suppliers.
→ Premarket action in MU and semiconductor peers (NVDA, AMD, QCOM)
→ Thursday AM earnings from Accenture (ACN) and Nike (NKE)—tech bellwether and consumer proxy, respectively