Nvidia Edges Up 0.5% After-Hours on Micron’s 16% Revenue Beat
NVDA•Micron posted fiscal Q3 revenue of $41.46 billion, a 16.2% beat, and EPS of $25.11, 22.6% above estimates. Nvidia shares ticked up 0.5% in after-hours trading to about $200.08 following the sector-wide rally spurred by Micron’s record quarter.
1. Micron Delivers Record Fiscal Q3 Results
Micron Technology reported fiscal third-quarter revenue of $41.46 billion, topping consensus by 16.2%, and delivered EPS of $25.11, a 22.6% surprise. The blowout performance marked Micron’s strongest quarter ever, fueled by AI data-center memory shortages driving up pricing.
2. Sector-Wide After-Hours Rally
Following Micron’s earnings release, semiconductor peers rallied sharply in after-hours trading. SanDisk and Western Digital each rose about 10.2%, Qualcomm jumped 12.7%, AMD and Intel gained roughly 3.4%, and the SOXX ETF climbed 4.1%.
3. Nvidia’s Modest Uptick
Nvidia, the largest chip-maker by market cap, edged up approximately 0.5% to about $200.08 after hours. The modest move reflects Nvidia’s indirect exposure to the memory supply tightness benefiting Micron and the broader AI-hardware cycle.
