- Micron Technology shares rose more than 13% in after-hours trading following an earnings report that exceeded analyst estimates and included strong forward guidance.
- The Nasdaq Composite fell 0.43% during the regular session, pressured by semiconductor volatility and a sharp decline in shares of recently public chipmaker Cerebras Systems.
- Broader market sentiment was supported by falling oil prices, which helped the Dow Jones Industrial Average gain 0.35% as it integrated new components.
Quotes
“Micron's strong results may go some way to reassure investors worried about high artificial intelligence (AI) spending.”