Buzzberg Cup Bracket locked

Micron soars on blowout quarter: AI boom fuels memory chip demand

Watch on YouTube ↗  |  June 25, 2026 at 14:18  |  4:36  |  CNBC
Speakers
Kristina Partsinevelos — Markets Reporter, CNBC
Jim Cramer — Host, Mad Money

Summary

Kristina Partsinevelos discusses Micron's blowout quarter, highlighting long-term agreements that secure margins and demand visibility from hyperscalers. She also covers Qualcomm's diversification into data centers, a new revenue stream targeting $15B by 2029, and notes a rotation back into chip stocks. Brief mentions include SK hynix's upcoming ADR listing as a potential risk and Apple's price increases due to memory cost pressures.

  • Micron reports blowout quarter with long-term contracts locking in >80% margins until 2029 and hyperscaler demand.
  • Qualcomm unveils data center CPU wins with Meta and a $15B 2029 revenue target, diversifying from smartphones.
  • A rotation is observed back into chip stocks while software and IGB take a hit.
  • SK hynix plans a major US ADR listing on July 10, which may compete for capital with Micron and Seagate.
  • Apple raises prices on PCs and iPads due to rising memory costs, signaling broader supply constraints in electronics.
Ideas
Kristina Partsinevelos Markets Reporter, CNBC 0:21
Micron margins secure, hyperscaler demand locked
Micron signed long-term agreements with price floors that guarantee gross margins above 80% until 2029, easing cyclicality fears. It is adding four new fabs conservatively, which analysts view as accretive to EPS, and contracted demand from hyperscalers provides 3-5 years of revenue visibility.
MU HIGH
Kristina Partsinevelos Markets Reporter, CNBC 1:34
Rotation back into chip stocks today
Retail investors have been selling chips, but today there is a rotation back into chip stocks as software and the IGB take a hit. This suggests renewed appetite for semiconductors relative to software.
SMH LOW
Kristina Partsinevelos Markets Reporter, CNBC 2:36
Qualcomm data center push diversifies revenue
Qualcomm is diversifying away from smartphones into data center CPUs, with Meta as a signed customer and a $15 billion data center revenue target by 2029, representing a new revenue stream. The market reacted positively to the concrete numbers, though execution still needs monitoring.
QCOM MED
Up Next
6:23
What to Know About the Screwworm Threat to US Livestock
Bloomberg Markets · Jun 25
16:09
Rafael Nadal On Retirement, Djokovic's GOAT Status And Life After Tennis
CNBC · Jun 25
46:16
Peter Grandich: Why the U.S. Stock Market's Biggest Tailwind Is About to Reverse
Julia LaRoche Show · Jun 25
2:38
Apple Raises Prices on Macs, iPads, Home Devices
Bloomberg Markets · Jun 25
52:10
You can make a profit if you are not deceived by KOSPI volatility | Myeong Min-jun, Park Ga-young, Lee Ji-hwan [Stock Beginner Rescue Team]
3PRO TV (삼프로TV) · Jun 25

This CNBC video, published June 25, 2026, features Kristina Partsinevelos discussing MU, SMH, QCOM. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kristina Partsinevelos  · Tickers: MU, SMH, QCOM