24H | Micron Surges 16%; Qualcomm Jumps 13%; Western Digital Advances 12%; ARM Gains Nearly 7%; Intel Rises 5%; Corning up over 4%

US Overnight08:11

Dow Futures rose 0.05%, S&P 500 Futures rose 0.55%, Nasdaq Futures rose 1.90%, reflecting a broadly risk-on tone centered on AI-exposed semis.

Micron Technology (MU) rose 15.58%. The company beat and raised guidance and said customers committed $22 billion to future memory supply.

Qualcomm climbed 13.01%. It projected $15 billion in data center sales by 2029 and announced Microsoft and Meta as adopters of new AI chips.

Western Digital advanced 12.17%. Management flagged step-function storage demand, guided gross margin to 51%-52%, and highlighted cloud-driven growth.

BlackBerry rallied 8.93%. Stifel initiated coverage at Buy with a $12 target, citing strength in QNX ahead of earnings.

ARM Holdings gained 6.89%. UBS, Bank of America, and Bernstein lifted targets as AI shifts bolster CPU-centric designs.

Applied Materials (AMAT) climbed 6.40. Sector equipment shares rebounded on sustained AI capex optimism.

AXT Inc rose 6.23%. Tightened Chinese indium export scrutiny underscored indium phosphide supply scarcity.

NEBIUS rose 5.98%. It launched AI Cloud 3.6 and disclosed a $2 billion strategic investment from NVIDIA.

Lam Research gained 5.39%. Bank of America, Wells Fargo, and Citi raised targets, citing a durable equipment cycle.

Intel advanced 5.35%. CEO Lip-Bu Tan outlined an advanced packaging and new materials roadmap targeting long-term value creation.

Marvell Technology (MRVL) added 4.81%. Bank of America and Stifel raised targets on AI connectivity and custom silicon demand.

CoreWeave, Inc. rose 4.76%. Its CDO disclosed sizeable share conversions and sales under a Rule 10b5-1 plan.

Applied Optoelectronics (AAOI) climbed 4.51%. ClassOne reported record Solstice S8 orders from AAOI, signaling capacity expansion.

Rocket Lab USA, Inc. (RKLB) increased 2.95%. Government records linked it to SpaceX’s Space Force SB-AMTI vendor pool.

Lumentum ticked up 2.31%. Management highlighted Near-Package Optics opportunities amid a communications equipment recovery.

MARA Holdings rose 2.29%. A director disclosed a 7,000-share sale at $16 in a Form 4 filing.

Chip stocks rose, with United Microelectronics (UMC) rising 7.35%.

Memory chip stocks rose, with Roundhill Memory ETF (DRAM) rising 12.03%, SanDisk Corp. rising 11.74%, Seagate Technology PLC (STX) rising 9.24%.

Optical communication stocks rose, with Credo Technology Group Holding Ltd (CRDO) rising 4.94%, Corning rising 4.5%, COHERENT rising 3.56%.

Crypto stocks rose, with IREN Ltd rising 4.53%, Strategy rising 2.78%, Circle Internet Corp. (CRCL) rising 2.66%, BitMine Immersion Technologies Inc. (BMNR) rising 2.64%, Robinhood rising 2.12%, Coinbase Global, Inc. (COIN) rising 2.04%.

Among other movers, Wendy's rising 5.98%, APPLIED DIGITAL CORP (APLD) rising 3.5%, Dell Technologies Inc. (DELL) rising 2.0%.

Elsewhere in individual stocks, Advanced Micro Devices (AMD) rose 3.00%, Broadcom rose 2.00%, Oracle rose 1.00%, NVIDIA rose 1.00%, Wal-Mart fell 2.00%, Palo Alto Networks (PANW) fell 1.00%.

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