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Luke Kawa8/11/25

Micron jumps after signaling blowout quarter with boost to guidance

Micron is ramping this morning after boosting the outlook for its fiscal fourth quarter.

For the three months ending August 28, the chipmaker expects revenues of $11.2 billion (plus or minus $100 million), $500 million above its previous guidance and above all 33 estimates from analysts polled by Bloomberg.

Management now sees adjusted earnings per share coming in at $2.85 (plus or minus $0.07), $0.35 above their prior outlook and also above every analyst’s estimate.

“This revised guidance reflects improved pricing, particularly in DRAM, and strong execution,” Micron explained in the press release. (DRAM is short for Dynamic Random Access Memory, a specific type of chip.)

The company had initially provided Q4 guidance along with the release of its Q3 results in late June.

Per the press release, Executive Vice President Sumit Sadana will offer further commentary on this improved outlook at 11 a.m. ET today at a conference.

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Broadcom tumbles despite top- and bottom-line beat on dearth of new major customers

CEO Hock Tan revealed that Anthropic is the $10 billion mystery customer announced last quarter, and that the company has since secured a fifth major customer for AI chips.

Tasha Matsumoto

S&P 500 closes at a new all-time high despite a slide in AI stocks

It was the 37th record closing high of 2025 for the benchmark index.

Chicago Bulls Dennis Rodman (91), Scottie Pippen (33) and Michael Jordan (23) during game vs Miami Heat. Miami, FL 2/23/1996

J. Edward Moreno

DoorDash, Uber sue NYC over tipping law

According to data from the city, New Yorkers are paying higher fees and tipping less.

Third Party Food Delivery Prices Continue To Rise

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Max Knoblauch5h

Budget airline stocks dip as Spirit pilots ratify contract that’ll help the carrier stay afloat

Low-cost airlines JetBlue and Frontier are trading lower on Thursday following the news that Spirit Airlines pilots ratified modifications to their labor contract that will lower costs for the carrier, which filed for bankruptcy in August.

According to the Air Line Pilots Association, Spirit pilots approved a deal that included “temporary reductions to pay rates and retirement contributions.” Beginning January 1, hourly pay will be reduced 8% and retirement contributions will drop by half, from 16% to 8%.

“Spirit pilots made a difficult choice that provides the Company with what it needs from labor to secure financing and complete its restructuring,” said Captain Ryan P. Muller, chairman of the Spirit Airlines Master Executive Council.

Wall Street sees JetBlue and Frontier as the biggest beneficiaries to Spirit’s woes, and both carriers have attempted to purchase Spirit in recent years.

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Matt Phillips5h

Planet Labs rips on strong earnings report

Satellite services company Planet Labs was on track for a new record closing high after rising more than 35% in early afternoon trading on Thursday.

The roughly $5 billion company posted better-than-expected quarterly results and guided toward higher-than-expected sales for the current quarter after the close of trading Wednesday.

“AI continues to be a major tailwind as the company is seeing significant demand through enhanced capabilities for its advanced satellite data solutions,” wrote Wedbush Securities tech analyst Dan Ives, adding, “We continue to believe the PL is well-positioned at the intersection of Space and AI.” He has an “outperform” — basically a “buy” — rating and a price target of $20 on the stock.

Other satellite services AST SpaceMobile and Rocket Lab also enjoyed a bump on Thursday, seemingly riding the momentum of Planet Labs’ numbers.

Planet Labs Stock Soars After Earnings Report. Why Shares Are Headed to the Moon.

Planet Labs Stock Soars After Earnings Report. Why Shares Are Headed to the Moon.

“AI continues to be a major tailwind as the company is seeing significant demand through enhanced capabilities for its advanced satellite data solutions,” wrote Wedbush Securities tech analyst Dan Ives, adding, “We continue to believe the PL is well-positioned at the intersection of Space and AI.” He has an “outperform” — basically a “buy” — rating and a price target of $20 on the stock.

Other satellite services AST SpaceMobile and Rocket Lab also enjoyed a bump on Thursday, seemingly riding the momentum of Planet Labs’ numbers.

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