Keyword → data center

Arista Networks Hits All-Time High of $181.05 After 8.8% Rally — Q2 Earnings Set for August 4 With $11.5B Full-Year Guidance in Focus

Arista Networks closed at an all-time high of $181.05 on Wednesday after an 8.8% single-session rally, driven by BlackRock naming it one of its top 30 AI infrastructure stocks alongside validated deployments of its new 1.6-terabit 7060XE7 switching platforms with Meta, Microsoft, and Oracle. The stock carries $8.9 billion in multi-year purchase commitments and full-year AI revenue guidance of $3.5 billion. Second-quarter results are due August 4. The stock is up roughly 70% over the past 12 months.

Micron FQ3 2026 Revenue Quadruples to $41.46B, Beats $35.85B Estimate — Q4 Guided to $50B as HBM Fully Booked Through 2027; MU Gives Back 4.7% on Profit-Taking

Micron Technology reported fiscal Q3 2026 revenue of $41.46 billion, up 346% year-over-year, beating the $35.85 billion consensus by 16%, with non-GAAP EPS of $25.11 topping the $20.78 estimate by 21%. Gross margins hit a record 84.9%, data-center revenue exceeded $25 billion, and Q4 was guided to $50 billion — far above the $43.58 billion analyst forecast. Sixteen multi-year Strategic Customer Agreements locked in roughly $100 billion in contracted revenue. The stock surged 17% Thursday but retreated 4.7% in Friday premarket on profit-taking.

Qualcomm Doubles Fiscal 2029 Non-Handset Revenue Target to $40B — Meta CPU Partnership and $3.92B Modular Acquisition Mark Chipmaker's AI Data Center Pivot

Qualcomm more than doubled its fiscal 2029 non-handset revenue target to $40 billion from $22 billion at its Investor Day, announcing Meta Platforms as its first data center customer for the Dragonfly C1000 CPU and a $3.92 billion all-stock acquisition of AI software startup Modular. Shares rose roughly 9% in regular trading after surging 15% in after-hours Wednesday, with data center alone targeted at $15 billion by 2029. Microsoft Azure also confirmed deployment of Qualcomm's High-Bandwidth Compute technology.

Micron Technology Q3 2026 Revenue Expected Up Nearly 270% — AI Memory Demand Becomes Key Test for Semiconductor Rally

Micron Technology is expected to report fiscal Q3 2026 revenue of roughly $34.5 billion, representing nearly 270% year-over-year growth driven by AI memory demand. Investors are closely watching high-bandwidth memory pricing, data center spending trends, and management guidance after a sharp semiconductor selloff erased more than $1 trillion from Nasdaq 100 market value. The earnings report is widely viewed as the most important near-term catalyst for the AI infrastructure trade and broader semiconductor sector sentiment.

SK Hynix Targets $29.4 Billion U.S. Listing — AI Memory Leader Expands Capacity Amid Record Demand

SK Hynix announced plans to raise up to $29.4 billion through a U.S. listing, creating one of the largest equity offerings ever completed. The company has become a major supplier of high-bandwidth memory used in AI servers and plans to use proceeds to expand manufacturing capacity and purchase advanced chipmaking equipment. Investors view the transaction as another sign that AI infrastructure demand remains strong despite recent volatility across semiconductor stocks and global technology markets.

Oracle (ORCL) Cuts 21,000 Jobs — 13% of Workforce Eliminated as AI Deployment Cited Directly in Annual Filing

Oracle disclosed in its fiscal year 2026 annual report that it cut approximately 21,000 jobs over the past 12 months, reducing its global headcount by 13% from roughly 162,000 to 141,000 employees. The filing cited artificial intelligence deployment as a direct cause of workforce reductions and flagged further cuts as likely. Restructuring costs reached $1.84 billion, nearly five times the prior year's charge, even as Oracle simultaneously earmarks at least $50 billion for AI data center infrastructure.

Micron Earnings Due June 24 2026 — AI Memory Demand Faces Critical Test for Semiconductor Rally

Micron's June 24 earnings report has become the most important near-term test for the artificial intelligence trade. Investors are watching whether AI server demand, high-bandwidth memory pricing, and hyperscaler spending remain strong enough to justify elevated semiconductor valuations. Strong results could reinforce confidence across AI infrastructure stocks, while weaker guidance may trigger profit-taking throughout the semiconductor sector after months of outsized gains driven by data center investment.

Micron Earnings Due June 24 — AI Rally Faces Key $1 Trillion Memory Market Test

Micron has become the market's most closely watched AI infrastructure stock ahead of its June 24 earnings report. Investors are treating the results as a critical test of whether hyperscaler spending, AI server demand, and memory pricing remain strong enough to support elevated semiconductor valuations. Positive guidance could reinforce confidence across the AI supply chain, while any slowdown in demand expectations would likely ripple through chipmakers, cloud providers, and data-center infrastructure companies.

Jabil Posts $3.16 Core EPS in Q3 Fiscal 2026, Tops $3.10 Estimate — Raises FY26 Outlook on AI Infrastructure Surge

Jabil posted fiscal third-quarter 2026 core earnings of $3.16 per share on revenue of $8.8 billion, topping Wall Street estimates of roughly $3.10 per share and $8.61 billion. The contract manufacturer raised its fourth-quarter outlook to as much as $4.20 in core EPS, citing surging AI infrastructure demand alongside better-than-expected results in automotive and connected living. CEO Mike Dastoor said the company's diversified model continues to deliver margin expansion and strong free cash flow heading into fiscal 2027.