Night Trading｜Micron Surged 17% at One Point, Igniting AI Stocks, SOXL Soared 6% in Night Trading
Overnight in the U.S. stock market, AI stocks generally rose, with Nvidia and AMD up more than 2%, and Nvidia's market value returning to $3 trillion; in night trading, Nvidia and TSMC rose 1.2%, AMD and SMCI increased by 1.5%, Intel rose 1.7%, and ASML surged 4%.
Overnight in the U.S. stock market, AI stocks generally rose, with Nvidia, AMD, and Dell up more than 2%, among which Nvidia's market value returned to $3 trillion.
Micron Technology announced its earnings report this morning, with its stock price surging 17.5% at one point in night trading:
Micron's Q1 revenue exceeded expectations due to strong demand for memory chips related to artificial intelligence (AI) computing. Micron estimated that its first-quarter revenue would reach a record $8.7 billion and predicted that the gross profit margin for the same period would jump to about 39.5%.
Micron CEO Sanjay Mehrotra said in a conference call with analysts that demand from data center customers remains strong, and customers' inventory levels are healthy. "We are entering fiscal 2025 with the best competitive positioning in Micron's history. We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025."
Micron's surge in night trading also drove other AI stocks to continue rising in night trading.
Nvidia and TSMC rose about 1.2%, AMD and SMCI increased by 1.5%, Intel rose 1.7%, and ASML surged 4%.
In terms of ETFs, the Semiconductor Index ETF (SMH) rose 1.8%, and the 3x Bull Semiconductor ETF (SOXL) soared 6%:
Additionally, Western Digital (WDC), also in the semiconductor storage industry, surged 6% in night trading.