The US stock market experienced a slight rise on Thursday, driven by strong performances from AI-related stocks. Micron Technology saw a significant jump of 14.2% to 15.7% after reporting strong profit and revenue, driven by AI-related demand. The company's stock surge was a major contributor to the market's gains.
Qualcomm also rose, with expectations of $40 billion in revenue from data centers by 2029. This forecast highlights the growing importance of AI in the tech industry. Meanwhile, Apple saw a decline of 4.6% to 6.3% after raising prices for Mac computers.
In other news, Microsoft's stock fell 1.4% due to concerns over rising cloud costs and AI spending. The company's cloud business has been a key driver of revenue growth, but investors worry about profit margins. In the crypto market, Bitcoin and ether led $1 billion in liquidation losses across crypto majors.
Additionally, YesWeHack launched Agentic Pentest, an on-demand solution using autonomous AI agents to test organizations' assets and deliver same-day findings. A new nonprofit, Raise Us, led by Gina Raimondo, aims to ease the transition for American workers in the AI era by funding pilot programs for workforce training.
Key Takeaways
["Micron Technology's stock rose 14.2% to 15.7% after reporting strong earnings driven by AI-related demand.", 'Qualcomm expects $40 billion in revenue from data centers by 2029.', "Apple's stock fell 4.6% to 6.3% after raising prices for Mac computers.", "Microsoft's stock fell 1.4% due to concerns over rising cloud costs and AI spending.", 'Bitcoin and ether led $1 billion in liquidation losses across crypto majors.', "YesWeHack launched Agentic Pentest, an AI-powered solution for testing organizations' assets.", 'A new nonprofit, Raise Us, aims to ease the transition for American workers in the AI era.', 'The US stock market saw a slight rise driven by AI-related stocks.', "SK Hynix and Samsung Electronics rose as much as 11.6% and 6.2%, respectively, after Micron Technology's strong earnings report.", "Micron Technology's revenue from AI-related products increased by 50% in the past year."]AI Stocks Boost US Market
The US stock market rose slightly on Thursday, driven by AI-related stocks. Micron Technology jumped 14.2% after reporting strong profit and revenue. Qualcomm also rose, saying it expects $40 billion in revenue from data centers by 2029. However, Apple fell 6.3% after raising prices for Mac computers. The market got a lift from easing Treasury yields.
US Market Sees Mixed Trading
The US stock market experienced mixed trading on Thursday. The S&P 500 and Dow Jones Industrial Average saw slight gains, while the Nasdaq composite fell 0.5%. Micron Technology rose 15.7% after reporting strong earnings. Qualcomm also gained, expecting $40 billion in data center revenue by 2029.
AI Stocks Drive Market Gains
The US stock market rose on Thursday, driven by AI-related stocks. Micron Technology jumped 14% after reporting strong profit and revenue. Qualcomm also rose, saying it expects $40 billion in revenue from data centers by 2029. Apple raised prices for Mac computers, causing its stock to slump 4.6%.
AI Stocks Boost Market
The US stock market experienced mixed trading on Thursday. The S&P 500 and Dow Jones Industrial Average saw slight gains, while the Nasdaq composite fell 0.3%. Micron Technology rose 14% after reporting strong earnings. Qualcomm also gained, expecting $40 billion in data center revenue by 2029.
Market Sees Mixed Finish
The US stock market finished with a mixed finish on Thursday. The S&P 500 and Dow Jones Industrial Average saw slight gains, while the Nasdaq composite fell 0.5%. Micron Technology rose 15.7% after reporting strong earnings. Qualcomm also gained, expecting $40 billion in data center revenue by 2029.
Korean Chip Shares Surge
South Korean chip shares surged on Thursday after Micron Technology reported strong earnings. SK Hynix and Samsung Electronics rose as much as 11.6% and 6.2%, respectively. Micron forecast strong demand for memory chips driven by AI-related demand.
Micron Drives Market Gains
Micron Technology rose 15.7% after reporting strong earnings. The company's strong forecast for the current quarter also helped drive the market gains. Qualcomm gained, expecting $40 billion in data center revenue by 2029.
AI-Related Stocks Drive Gains
The US stock market rose on Thursday, driven by AI-related stocks. Micron Technology jumped 14% after reporting strong profit and revenue. Qualcomm also rose, saying it expects $40 billion in revenue from data centers by 2029.
Bitcoin Sees $1 Billion Liquidation
Bitcoin and ether led $1 billion in liquidation losses across crypto majors. The dip triggered long liquidations on bitcoin-tracked futures. Micron Technology's strong earnings report lifted the broader memory chip complex.
Microsoft Falls on AI Spending
Microsoft's stock fell 1.4% on concerns over rising cloud costs and AI spending. The company's cloud business has been a key driver of revenue growth, but investors worry about profit margins.
Micron Stock Soars on AI Growth
Micron Technology's stock soared after reporting strong earnings driven by AI-related demand. The company's revenue from AI-related products increased by 50% in the past year.
YesWeHack Launches AI Security
YesWeHack launched Agentic Pentest, an on-demand solution using autonomous AI agents to test organizations' assets and deliver same-day findings.
Big Companies Back AI Training
A new nonprofit, Raise Us, led by Gina Raimondo, aims to ease the transition for American workers in the AI era. The organization will work with governors to fund pilot programs for workforce training.
Sources
- Another bounce for AI-related stocks pushes US market higher
- Another bounce for AI-related stocks pushes US market higher
- Another bounce for AI-related stocks pushes US market higher
- Another bounce for AI-related stocks pushes US market higher
- Another bounce for AI-related stocks pushes US market higher
- Another bounce for AI-related stocks pushes US market higher
- South Korean chip shares surge after Micron flags strong AI-related demand
- South Korean chip shares rally after Micron's upbeat earnings
- Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going
- Stock Market Today, June 25: Microsoft Falls as AI Spending Concerns Pressure Cloud Margin Outlook
- Micron Just Broke the Mold for Artificial Intelligence (AI) and Its Stock is Soaring
- YesWeHack Launches Agentic Pentest for AI Security Testing
- Big Companies Aim to Ease A.I. Transition for American Workers
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