{"id":86431,"date":"2026-06-24T20:16:23","date_gmt":"2026-06-25T00:16:23","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/ai-chip-stocks-surge-400-billion-after-micron-and-qualcomm-forecasts\/"},"modified":"2026-06-24T20:16:23","modified_gmt":"2026-06-25T00:16:23","slug":"ai-chip-stocks-surge-400-billion-after-micron-and-qualcomm-forecasts","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/ai-chip-stocks-surge-400-billion-after-micron-and-qualcomm-forecasts\/","title":{"rendered":"AI Chip Stocks Surge $400 Billion After Micron and Qualcomm Forecasts"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

Semiconductor stocks shot up dramatically on Wednesday evening, with the sector gaining more than $400 billion in market value after upbeat financial forecasts from Micron Technology and Qualcomm gave new momentum to Wall Street’s artificial intelligence stock rally, which had been losing steam in recent days.<\/p>

Micron Technology led the charge, surging 12% in after-hours trading. The company projected quarterly earnings that topped what analysts had anticipated, a signal that the enormous amounts of money being poured into AI infrastructure will fuel robust demand for its memory chips.<\/p>

Qualcomm also made headlines after the closing bell, announcing it expects its data center business to generate $15 billion in sales by 2029. The chipmaker is working to expand beyond its traditional smartphone chip business and redirect its focus toward artificial intelligence.<\/p>

Other companies in the storage and memory space also saw big gains. Western Digital, Sandisk, and Seagate Technology \u2014 all competitors of Micron \u2014 each climbed more than 8%.<\/p>

Elsewhere in the chip sector, Arm Holdings rose roughly 6%, Marvell gained nearly 4%, and Broadcom added 2%. Equipment suppliers Applied Materials and ASML, which provide specialized manufacturing tools to semiconductor companies, both gained more than 4%.<\/p>

The strong outlooks from Micron and Qualcomm come after a rough stretch on Wall Street, where investors had grown increasingly nervous that AI-related stock prices had climbed too high after years of gains. The PHLX chip index dropped 8% on Tuesday alone, as concerns mounted that the massive spending required to build out AI data centers might take too long to translate into meaningful revenue and profits.<\/p>

Despite this week’s turbulence, the PHLX chip index is still up 90% for the year so far in 2026. And even before Wednesday’s late-session rally, Micron had already gained more than 260% year to date.<\/p>","protected":false},"excerpt":{"rendered":"

Chipmaker stocks exploded higher late Wednesday after Micron Technology and Qualcomm both issued stronger-than-expected outlooks, adding more than $400 billion in combined market value. Micron jumped 12% after hours following an earnings forecast that beat analyst expectations, while Qualcomm projected $15 billion in data center sales by 2029. The rally helped ease recent Wall Street concerns about stretched AI stock valuations.<\/p>\n","protected":false},"author":4,"featured_media":86430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-86431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1782346583267.jpg?fit=450%2C303&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-mu3","jetpack-related-posts":[{"id":85188,"url":"https:\/\/tvdelmarva.com\/wp\/tech-giants-lose-billions-as-ai-spending-fears-rattle-markets\/","url_meta":{"origin":86431,"position":0},"title":"Tech Giants Lose Billions as AI Spending Fears Rattle Markets","author":"Admin","date":"June 22, 2026","format":false,"excerpt":"Major U.S. technology stocks took a significant hit Monday as concerns over massive artificial intelligence spending weighed on investors. SpaceX continued its slide for a third consecutive session, while Alphabet, Amazon, Meta, and Microsoft all posted steep losses. Meanwhile, chip and memory companies bucked the trend, with Micron Technology hitting\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1782148633531.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":86103,"url":"https:\/\/tvdelmarva.com\/wp\/tech-stocks-tumble-is-the-ai-boom-a-bubble-or-just-a-bump\/","url_meta":{"origin":86431,"position":1},"title":"Tech Stocks Tumble: Is the AI Boom a Bubble or Just a Bump?","author":"Admin","date":"June 24, 2026","format":false,"excerpt":"A sharp 8% drop in U.S. chip stocks Tuesday rattled financial markets, raising fresh questions about whether the artificial intelligence investment boom has gone too far. Memory chipmaker Micron Technology lost about 13% of its value ahead of its earnings report. Meanwhile, President Trump's approval rating fell to 34% in\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1782299892819.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":75883,"url":"https:\/\/tvdelmarva.com\/wp\/ai-chip-company-marvell-soars-30-after-ceo-endorsement\/","url_meta":{"origin":86431,"position":2},"title":"AI Chip Company Marvell Soars 30% After CEO Endorsement","author":"Admin","date":"June 3, 2026","format":false,"excerpt":"Marvell Technology's stock price jumped more than 30% after the CEO of Nvidia predicted the chipmaker could become a trillion-dollar company. Asian equity markets hit new records despite ongoing Middle East tensions, driven by enthusiasm for artificial intelligence stocks.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1780464135153.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":39062,"url":"https:\/\/tvdelmarva.com\/wp\/memory-chip-company-micron-surpasses-revenue-expectations\/","url_meta":{"origin":86431,"position":3},"title":"Memory Chip Company Micron Surpasses Revenue Expectations","author":"Admin","date":"March 18, 2026","format":false,"excerpt":"Technology company Micron exceeded Wall Street predictions for quarterly earnings, driven by increased demand for memory chips in AI applications. The company's revenue reached $23.86 billion, significantly higher than analyst forecasts of $20.07 billion.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1773865364274.jpg?fit=450%2C295&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":72237,"url":"https:\/\/tvdelmarva.com\/wp\/stock-markets-reach-new-highs-as-ai-enthusiasm-drives-tech-rally\/","url_meta":{"origin":86431,"position":4},"title":"Stock Markets Reach New Highs as AI Enthusiasm Drives Tech Rally","author":"Admin","date":"May 26, 2026","format":false,"excerpt":"Major stock indices closed at record levels Tuesday as artificial intelligence optimism boosted technology shares. Micron reached a $1 trillion market value milestone after a significant price target increase, while geopolitical tensions over Middle East conflicts provided a backdrop to the trading session.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779830639482.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":72204,"url":"https:\/\/tvdelmarva.com\/wp\/major-stock-indexes-hit-records-as-ai-enthusiasm-drives-market-rally\/","url_meta":{"origin":86431,"position":5},"title":"Major Stock Indexes Hit Records as AI Enthusiasm Drives Market Rally","author":"Admin","date":"May 26, 2026","format":false,"excerpt":"The S&P 500 and Nasdaq reached record territory Tuesday, powered by artificial intelligence excitement and strong semiconductor performance. Micron Technology soared over 19% to achieve a $1 trillion market valuation for the first time after analysts raised their price target.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779826091475.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/86431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/comments?post=86431"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/86431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/86430"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=86431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=86431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=86431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}