8m ago
Micron Shatters Earnings Expectations with $41.4B Revenue as AI-Driven Memory Crunch Extends Past 2027
Micron Technology, Inc. (NASDAQ: MU) has officially crossed into the trillion-dollar club, crushing its Fiscal Q3 2026 earnings with jaw-dropping numbers that underscore the structural, near-insatiable demand for high-bandwidth memory (HBM) and data center infrastructure. The memory maker announced its fifth consecutive revenue record, pushing the stock up over 14% in extended trading to approximately $1,195.97, coming within striking distance of its 52-week high of $1,213.56.
8m ago
1h ago
EU MiCA enforcement starts July 1, 2026, putting unlicensed crypto platforms at risk of shutdown
Crypto firms serving clients across the European Economic Area risk being forced to halt services if they do not obtain authorization under the Markets in Crypto-Assets Regulation (MiCA) before enforcement begins. Regulators have ruled out any extension. That leaves more than 1,200 previously registered firms a short runway to comply, as only a small number have received full approval.
BTC
BTC-3.22%
1h ago
1h ago
Asian stocks climb after Micron posts $41.46 billion quarterly revenue on AI-driven demand
U.S. chipmaker Micron Technology reported fiscal third-quarter revenue of $41.46 billion, up fourfold from a year earlier, and adjusted EPS of $25.11, both well above expectations. The company said it has signed 16 long-term supply agreements that secure about $22 billion of revenue commitments over the next three to five years, while gross margin rose to 84.9%. Japanese and South Korean equities rallied on the news, with the Nikkei 225 up 3.78% in early trade and the Kospi gaining 5.22%, as investors bought AI- and chip-linked stocks.
1h ago
1h ago
Indian stocks poised for higher open as Brent slips 1.8% to $72.4 a barrel
The U.S. and Iran have reached an initial peace deal, prompting stranded tankers to leave the Strait of Hormuz and pushing Brent crude down 1.8% to $72.4 a barrel, back to pre-Iran war levels. As the world’s No. 3 oil importer, India has seen its inflation and growth outlook improve, lifting GIFT Nifty futures and signalling a higher open for the Nifty 50. Asian equities climbed 1.3%, while strong chip stocks further boosted risk appetite.
1h ago