{"id":190371,"date":"2025-12-18T01:28:08","date_gmt":"2025-12-18T01:28:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/190371\/"},"modified":"2025-12-18T01:28:08","modified_gmt":"2025-12-18T01:28:08","slug":"markets-slump-as-ai-trade-tumbles","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/190371\/","title":{"rendered":"Markets slump as AI trade tumbles"},"content":{"rendered":"

Micron soars after reporting huge Q1 beat, with Q2 sales guidance ahead of every Wall Street analyst\u2019s estimates<\/a><\/p>\n

Micron<\/a> completely erased Wednesday\u2019s big losses in after-hours trading after the memory chip specialist posted stellar results for its fiscal Q1 2026 and a much better outlook for the current quarter than Wall Street had anticipated.<\/p>\n

For Q1, the company reported:<\/p>\n

And the Street\u2019s consensus was well ahead of even the upper ranges of the guidance provided by management for the quarter for sales of $12.5 billion (plus or minus $300 million) and $3.75 (plus or minus $0.15).<\/p>\n

For Q2, management provided an outlook for adjusted revenues of $18.3 billion to $19.1 billion, and adjusted EPS of $8.22 to $8.62. Wall Street had penciled in revenues of $14.38 billion with adjusted EPS of $4.71.<\/p>\n

Even the bottom end of the ranges management provided is well above the top analyst\u2019s estimate for the quarter.<\/p>\n

These results may help spark a revival in semi stocks, which have gotten trounced in recent sessions. Hard disk drive sellers Seagate Technology Holdings<\/a> and Western Digital<\/a> are also rising in after-hours trading, as is flash memory seller Sandisk<\/a>.<\/p>\n

Micron has been one of the worst performers in the S&P 500 since last Thursday\u2019s record close, down double digits from then until Wednesday close as investors broadly dumped AI names. Prior to that, shares had been on fire amid a bevy of Wall Street price target hikes<\/a> and surging memory chip prices<\/a> as demand runs ahead of supply. The AI boom has fueled a spike of immense appetite not only for GPUs and custom chips but also memory chips as well, as data centers also need a boatload of these to store information and feed it to those processors. Micron and its major competitors, SK Hynix and Samsung, have already sold out production for their most advanced high-bandwidth memory offerings for calendar year 2026.<\/p>\n

Micron recently announced that it would be exiting its consumer chip business to focus on serving its AI customers<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Micron soars after reporting huge Q1 beat, with Q2 sales guidance ahead of every Wall Street analyst\u2019s estimates…\n","protected":false},"author":2,"featured_media":190372,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,85,46,125],"class_list":{"0":"post-190371","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-il","12":"tag-israel","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/190371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=190371"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/190371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/190372"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=190371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=190371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=190371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}