Intel Shares Rise 3.4% After Micron Posts Record $41.46B Q3 Revenue
INTC•Intel shares climbed approximately 3.4% to $136.12 in after-hours trade after Micron reported fiscal Q3 revenue of $41.46 billion and EPS of $25.11. The iShares Semiconductor ETF jumped about 4.1%, with Qualcomm surging 12.7% and AMD adding 3.4%, reflecting a broad chip-sector rally.
1. Micron's Record Results Ignite Sector
Micron Technology delivered fiscal third-quarter revenue of $41.46 billion, surpassing estimates by 16.2%, and EPS of $25.11, a 22.6% upside surprise, triggering widespread gains across chip stocks.
2. Intel's After-Hours Lift
Intel shares rose approximately 3.4% to $136.12 in after-hours trade, matching gains by Advanced Micro Devices amid a broader memory-chip rally driven by AI data-center demand.
3. ETF and Peer Movements
The iShares Semiconductor ETF increased about 4.1%, while Qualcomm surged roughly 12.7% and Western Digital jumped 10.2%, underscoring a sector-wide rebound from recent volatility.
