markets

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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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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