By David Moadel
Publication Date: 2026-04-22 16:08:00
24/7 Wall St.
Quick Read
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Micron (MU) shares rose after Q1 FY2026 revenue reached $13.64B, up 56.6% year over year, with its Cloud Memory Business Unit nearly doubling to $5.28B at a 66% gross margin.
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Advanced Micro Devices (AMD) stock climbed on data center momentum with Q4 FY2025 revenue of $10.27B up 34% year over year and a record Data Center segment at $5.38B.
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Broadcom (AVGO) stock rallied as Q1 FY2026 AI chip revenue hit $8.4B, up 106% year over year with guidance for $10.7B AI semiconductor revenue in Q2.
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The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.
Micron Technology (NASDAQ:MU) shares are up 6% in midday trading, leading a broad-based rally across AI chip names. Advanced Micro Devices (NASDAQ:AMD) stock gained 4% and Broadcom (NASDAQ:AVGO) shares are also up 4% as investors re-embrace the AI infrastructure trade on Wednesday.
The catalyst is a renewed wave of conviction around AI chip demand, with hyperscaler and cloud provider spending…
