Qualcomm and Micron after-hours surge lifts global stocks as oil prices ease
AI Market Summary
Global equities tilted higher as upbeat chip-sector guidance lifted tech sentiment. Qualcomm raised its full-year revenue outlook sharply and announced Meta adoption of its Dragonfly C1000 data-center CPU, reinforcing AI/data-center demand signals; Micron also beat expectations and lifted forecasts, supporting semiconductors across Japan and South Korea. In contrast, oil prices eased back toward pre-Iran-war levels, reducing near-term energy-driven inflation pressure.
Impact level
● Medium
Affected assets
NCSKQCOM2USD/USDT-2.98%
AI Insight · NCSKQCOM2USD/USDTAI Insight
▲ Bullish
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Qualcomm and Micron Technology jumped about 7% and 18.5% in after-hours trading after both raised full-year revenue guidance and topped expectations. Qualcomm lifted its annual revenue forecast to $40 billion from $22 billion and said its new Dragonfly C1000 data-center CPU will be used by Meta. The upbeat chip-sector results supported tech shares globally, with Japan and South Korea leading gains. Oil prices edged lower, moving closer to levels seen before the war with Iran began.
