By TradingView
Publication Date: 2026-10-01 10:16:00
Nvidia, AMD and Intel stocks moved higher before Thursday’s opening bell after Micron Technology delivered an earnings beat, reinforcing confidence that the AI infrastructure boom remains intact.
Micron itself moved the other way. The stock slipped about 1% in premarket trading despite reporting fiscal fourth-quarter revenue of $54.23 billion, adjusted earnings of $33.42 a share and guiding for roughly $61.5 billion of revenue this quarter.
Nvidia and AMD gained about 1%, while Intel also rose.
Micron gives the wider AI trade another demand signal
Financial commitments under long-term supply agreements rose to $32 billion from $22 billion in June, while management said memory supply could remain constrained through fiscal 2027 and 2028.
That matters for Nvidia, AMD and other AI-linked companies because high-bandwidth memory and DRAM are essential components of modern accelerators and servers.
D.A. Davidson’s Gil Luria told Yahoo Finance after the results that Micron’s performance was “a good indication for the whole data center build-out ecosystem”, because demand remained powerful even after expectations had risen sharply.
Ahead of the report, Luria noted that industry participants consistently said they did not have nearly enough memory.
Micron’s quarter is therefore more than a company-specific earnings report.
It is evidence that hyperscalers and data-centre operators are still spending aggressively enough to keep critical components scarce.
Micron’s problem is…
