U.S. Stock Futures Rise on Sustained AI Momentum
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22 hours ago
0mins
Source: Newsfilter
- Market Optimism: U.S. stock futures extended gains on Wednesday, buoyed by sustained AI-driven momentum, while investors remained cautiously optimistic about a potential deal between the U.S. and Iran, despite recent U.S. strikes near the Strait of Hormuz that Iran condemned.
- Strong Index Performance: As of 04:42 a.m. ET, Dow E-minis rose by 195 points, or 0.39%; S&P 500 E-minis increased by 21 points, or 0.28%; and Nasdaq 100 E-minis climbed by 134 points, or 0.45%, reflecting growing confidence in AI's impact on the market.
- Earnings Support: A robust earnings season and expectations of approximately 29% year-on-year growth in Q1 have fueled the rally on Wall Street, with both the S&P 500 and Nasdaq closing at record highs on Tuesday, indicating strong market confidence in future growth.
- Fed Policy Expectations: Markets are set to focus on Thursday's personal consumption expenditures (PCE) index data, which could provide crucial insights into the monetary policy direction under new chair Kevin Warsh, with expectations that the Fed will maintain rates steady for the remainder of the year, while some are pricing in a 25 bps hike in December.
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Analyst Views on MU
Wall Street analysts forecast MU stock price to fall
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 895.880
Low
235.00
Averages
336.12
High
500.00
Current: 895.880
Low
235.00
Averages
336.12
High
500.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU) and Automotive and Embedded Business Unit (AEBU). CMBU is focused on memory solutions for large hyperscale cloud customers, and high bandwidth memory (HBM) for all data center customers. CDBU is focused on memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers. MCBU is focused on memory and storage solutions for mobile and client segments. AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Micron Technology to Hold Q3 Earnings Call
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- Live Webcast and Replay: The call will be webcast live on Micron's Investor Relations website, with replays available for approximately one year post-call, ensuring that investors who cannot attend live can still access the information.
- Company Overview: Micron Technology is an industry leader in innovative memory and storage solutions, focusing on high-performance DRAM, NAND, and NOR memory products, driving advancements in the data economy and supporting progress in AI and compute-intensive applications.
- Technological and Market Impact: Micron's technological innovations not only enhance customer experiences but also create new opportunities across data centers and intelligent edge applications, underscoring its significant position in the rapidly evolving tech market.
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- Stock Split History: Micron has not split its stock since 1994, having executed three splits in its history; as the stock approaches $1,000, expectations for a future split are rising, which could attract more retail investors and enhance liquidity.
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- Management Confidence: Management has hinted at continued improvement in financial performance, with the CEO noting that the company can only meet about 60% of demand; if the stock continues to rise, calls for a split will intensify, reflecting management's optimistic outlook on future stock performance.
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- Stock Surge: Following UBS's price target hike to $1,650, Micron's stock jumped 19.3% on Tuesday and topped $900 on Wednesday, nearing $1,000, reflecting strong market optimism regarding its future performance.
- Strong Earnings Outlook: Analysts project Micron's revenue to soar by 194% this fiscal year to $110 billion, with an additional 58% growth expected in fiscal 2027, indicating that the company will continue to perform well amid demand outpacing supply.
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See More
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- Rising Oil Prices: U.S. military actions have driven oil prices higher, raising concerns over the safety of commercial shipping through the Strait of Hormuz, which may further increase global energy costs and affect national economies.
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- Earnings Call Announcement: Micron Technology has announced it will hold its fiscal Q3 earnings conference call on June 24, 2026, at 2:30 PM Mountain Time, aimed at providing investors and analysts with updates on financial performance and business developments.
- Live Webcast and Replay: The call will be webcast live on Micron's Investor Relations website, with replays available for approximately one year post-call, ensuring that investors who cannot attend live can still access the information.
- Company Overview: Micron Technology is an industry leader in innovative memory and storage solutions, focusing on high-performance DRAM, NAND, and NOR memory products, driving advancements in the data economy and supporting progress in AI and compute-intensive applications.
- Technological and Market Impact: Micron's technological innovations not only enhance customer experiences but also create new opportunities across data centers and intelligent edge applications, underscoring its significant position in the rapidly evolving tech market.
See More
SK Hynix Reaches $1 Trillion Valuation Amid AI Boom
- Valuation Milestone: SK Hynix shares surged over 12% on Wednesday, pushing its valuation past $1 trillion in Asia, making it the third memory chip maker to reach this milestone after Samsung and Micron, reflecting strong market confidence in its growth prospects.
- Surging Demand: The rapid advancement of artificial intelligence has led to skyrocketing demand for High-Bandwidth Memory (HBM) chips, with SK Hynix, Samsung, and Micron emerging as major beneficiaries, and their production capacity is expected to be allocated through 2026, further solidifying their market positions.
- Stock Performance: Year-to-date, SK Hynix's stock has soared over 248%, while Samsung and Micron have gained approximately 165% and 210%, respectively, indicating robust performance in the memory chip sector that has propelled the S&P 500 and Nasdaq Composite to record highs.
- Analyst Optimism: Dan Ives from Wedbush Securities noted that SK Hynix will be part of the memory super cycle and included it in his ETF, reflecting optimistic market expectations regarding its future growth potential.
See More
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- Significant Stock Surge: Micron's stock jumped 19.3% on Tuesday after UBS raised its price target to $1,650, suggesting a potential doubling of the stock price, with market capitalization surpassing $1 trillion, indicating strong investor confidence as it joins the elite 'Magnificent Seven'.
- Stock Split History: Micron has not split its stock since 1994, having executed three splits in its history; as the stock approaches $1,000, expectations for a future split are rising, which could attract more retail investors and enhance liquidity.
- Strong Financial Performance: The company is projected to see a 194% revenue increase this fiscal year to $110 billion, with a further 58% growth anticipated in fiscal 2027, indicating robust demand outpacing supply, which strengthens the case for a stock split.
- Management Confidence: Management has hinted at continued improvement in financial performance, with the CEO noting that the company can only meet about 60% of demand; if the stock continues to rise, calls for a split will intensify, reflecting management's optimistic outlook on future stock performance.
See More
Micron Surpasses $1 Trillion Market Cap as Stock Soars
- Milestone Market Cap: Micron Technology has surpassed a market cap of $1 trillion, joining the ranks of the 'Magnificent Seven' and chip peers like Broadcom and Taiwan Semiconductor, highlighting its robust position in the semiconductor industry.
- Stock Surge: Following UBS's price target hike to $1,650, Micron's stock jumped 19.3% on Tuesday and topped $900 on Wednesday, nearing $1,000, reflecting strong market optimism regarding its future performance.
- Strong Earnings Outlook: Analysts project Micron's revenue to soar by 194% this fiscal year to $110 billion, with an additional 58% growth expected in fiscal 2027, indicating that the company will continue to perform well amid demand outpacing supply.
- Split Speculation Intensifies: As the stock approaches $1,000, calls for a stock split are growing, which would make shares more accessible to retail investors and signal management's confidence in future price increases.
See More
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- Market Volatility: The escalation of U.S. military strikes against Iran has led to significant volatility in Asian stocks and oil prices, reflecting the market's heightened sensitivity to Middle Eastern tensions, which could destabilize investor sentiment and impact global economic recovery.
- Rising Oil Prices: U.S. military actions have driven oil prices higher, raising concerns over the safety of commercial shipping through the Strait of Hormuz, which may further increase global energy costs and affect national economies.
- Fed Officials' Insights: Federal Reserve officials have indicated that while the labor market remains strong, the energy inflation stemming from the Middle East conflict could create a
See More
MU Shares Hit 52-Week High as Barclays Raises Price Target
- MU Stock Surge: Micron Technology (MU) shares soared to a 52-week high of $956.16 after Barclays raised its price target from $675 to $1,175, indicating a potential upside of about 28% from the last close, reflecting analysts' optimism about the semiconductor sector.
- Market Capitalization Milestone: Micron surpassed a $1 trillion market cap on Tuesday, with shares rallying 863.28% over the past year due to surging demand for artificial intelligence and a sustained rally in semiconductor stocks, positioning Micron for its best month in over four decades if gains hold.
- Ford Bank Charter Approval: Ford Motor Co. (F) shares jumped to a 52-week high of $16.06 on Wednesday after receiving preliminary approval from the FDIC for an industrial bank charter, which will enhance its direct control over funding and management while reducing operational costs.
- Rocket Lab Defense Solution Passes Review: Rocket Lab USA (RKLB) shares reached a 52-week high of $151 after its missile defense solution cleared the Space Development Agency's system requirement review, securing an $816 million contract and bolstering investor confidence amid strong financial results.
See More
