{"id":86553,"date":"2026-06-25T04:17:25","date_gmt":"2026-06-25T08:17:25","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/chip-giants-micron-and-qualcomm-forecasts-send-nasdaq-futures-surging-2\/"},"modified":"2026-06-25T04:17:25","modified_gmt":"2026-06-25T08:17:25","slug":"chip-giants-micron-and-qualcomm-forecasts-send-nasdaq-futures-surging-2","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/chip-giants-micron-and-qualcomm-forecasts-send-nasdaq-futures-surging-2\/","title":{"rendered":"Chip Giants Micron and Qualcomm Forecasts Send Nasdaq Futures Surging 2%"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

Nasdaq futures surged 2% on Thursday following encouraging outlooks from chipmakers Micron and Qualcomm, which signaled strong demand for artificial intelligence infrastructure and boosted confidence in technology stocks broadly.<\/p>

Both companies painted a bullish picture for AI-related spending. Customers committed $22 billion to lock in Micron’s memory chips, while Qualcomm projected it would generate $15 billion in data-center revenue by the year 2029.<\/p>

European-listed shares of Micron climbed 18.7% on the news, and the positive forecasts drove technology shares sharply higher across markets in both Asia and Europe.<\/p>

Investors had been watching earnings reports from both companies closely to determine whether the sky-high valuations of chip stocks, cloud computing companies, and other businesses riding the AI wave were actually supported by real demand.<\/p>

U.S.-listed shares of Micron and Qualcomm have surged more than 200% and 50%, respectively, just this quarter. Meanwhile, the Philadelphia SE Semiconductor Index is on pace for its strongest quarter ever recorded, according to data from LSEG.<\/p>

Technology stocks had been under pressure in recent weeks as investors worried about heavy debt-funded spending and rising borrowing costs. Micron’s strong forecast helped ease those concerns, even as the company announced plans to increase its capital spending.<\/p>

Despite Thursday’s gains, the Nasdaq remained on track for its largest monthly drop since March 2025. The Philadelphia semiconductor index was also heading toward its worst week since the outbreak of the Middle East conflict earlier this year.<\/p>

As of 3:00 a.m. Eastern Time, Dow E-minis were up 66 points, or 0.13%. S&P 500 E-minis gained 52.75 points, or 0.71%, while Nasdaq 100 E-minis were up 606.75 points, representing a 2.06% increase.<\/p>

Attention will now shift to the Federal Reserve’s preferred measure of inflation \u2014 the Personal Consumption Expenditures Price Index \u2014 scheduled for release later Thursday. Economists surveyed by Reuters expect it to show an annual rate of 4.1%, which is more than double the Fed’s stated target.<\/p>

In response to persistent inflation pressures, traders are betting that the Fed will raise interest rates by at least a quarter of a percentage point as soon as September, according to the CME Group’s FedWatch Tool.<\/p>","protected":false},"excerpt":{"rendered":"

Nasdaq futures climbed sharply Thursday after chipmakers Micron and Qualcomm delivered optimistic outlooks tied to artificial intelligence demand. Customers pledged $22 billion for Micron’s memory chips, while Qualcomm projected $15 billion in data-center revenue by 2029. The strong forecasts lifted technology stocks across Asia and Europe as well.<\/p>\n","protected":false},"author":4,"featured_media":86552,"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-86553","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-1782375444709.jpg?fit=450%2C304&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-mw1","jetpack-related-posts":[{"id":86431,"url":"https:\/\/tvdelmarva.com\/wp\/ai-chip-stocks-surge-400-billion-after-micron-and-qualcomm-forecasts\/","url_meta":{"origin":86553,"position":0},"title":"AI Chip Stocks Surge $400 Billion After Micron and Qualcomm Forecasts","author":"Admin","date":"June 24, 2026","format":false,"excerpt":"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\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-1782346583267.jpg?fit=450%2C303&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":86445,"url":"https:\/\/tvdelmarva.com\/wp\/south-korean-chip-stocks-surge-after-micron-reports-strong-ai-demand\/","url_meta":{"origin":86553,"position":1},"title":"South Korean Chip Stocks Surge After Micron Reports Strong AI Demand","author":"Admin","date":"June 24, 2026","format":false,"excerpt":"South Korean semiconductor stocks jumped sharply on Thursday after U.S. chipmaker Micron Technology posted quarterly results and a forecast that exceeded expectations. The strong performance fueled optimism about continued demand for AI-related chips, lifting the broader South Korean market. The rally also came after a major South Korean chipmaker announced\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-1782350188732.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":86553,"position":2},"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":[]},{"id":72237,"url":"https:\/\/tvdelmarva.com\/wp\/stock-markets-reach-new-highs-as-ai-enthusiasm-drives-tech-rally\/","url_meta":{"origin":86553,"position":3},"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":68830,"url":"https:\/\/tvdelmarva.com\/wp\/stock-futures-drop-as-chip-stocks-fall-inflation-concerns-mount\/","url_meta":{"origin":86553,"position":4},"title":"Stock Futures Drop as Chip Stocks Fall, Inflation Concerns Mount","author":"Admin","date":"May 19, 2026","format":false,"excerpt":"U.S. stock futures declined Tuesday morning as semiconductor stocks continued their slide and investors remained worried about inflation. Technology companies like Nvidia and memory chip makers saw premarket losses despite some easing in oil prices and Treasury yields.","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-1779193359432.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":86515,"url":"https:\/\/tvdelmarva.com\/wp\/tech-stock-surge-lifts-asian-markets-as-oil-prices-continue-to-drop\/","url_meta":{"origin":86553,"position":5},"title":"Tech Stock Surge Lifts Asian Markets as Oil Prices Continue to Drop","author":"Admin","date":"June 25, 2026","format":false,"excerpt":"Asian stock markets climbed Thursday, driven by strong gains in Japan and South Korea after major U.S. chipmakers posted impressive earnings. Oil prices continued to decline as the U.S. and Iran work toward a potential end to their conflict. Investors are also watching for a key inflation report due Thursday.","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-1782365598537.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1782365598537.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1782365598537.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1782365598537.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/86553","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=86553"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/86553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/86552"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=86553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=86553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=86553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}