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Micron and Qualcomm Lift Chipmakers Amid Rapid AI Growth

Micron and Qualcomm Lift Chipmakers Amid Rapid AI Growth
Bloomberg Technology Wednesday 24 June 2026, 21:18 UTC By Ryan Vlastelica 1 min read
Key Points

Micron and Qualcomm Lift Chipmakers Amid Rapid AI Growth Shares of semiconductor stocks are soaring in extended trading on Wednesday, following a strong financial report from Micron Technology Inc. that underscored how artificial intelligence remains a major vector for growth. Micron, the largest US maker of computer memory chips, jumped 15% after the market close when its results and forecast both exceeded expectations, reassuring investors about the state of the AI trade. The rally was the...

Micron and Qualcomm Lift Chipmakers Amid Rapid AI Growth Shares of semiconductor stocks are soaring in extended trading on Wednesday, following a strong financial report from Micron Technology Inc. that underscored how artificial intelligence remains a major vector for growth. Micron, the largest US maker of computer memory chips, jumped 15% after the market close when its results and forecast both exceeded expectations, reassuring investors about the state of the AI trade. The rally was the latest sign of the stock’s robust momentum; it has already soared about 270% this year, as of Wednesday’s close.
Micron (ORG) Micron Technology Inc. (ORG) US (LOCATION)
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