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SLS Surges 17.66%: Unpacking the Catalyst Behind the Stock's Sharp Increase

SLS sees a significant one-day surge. Analysts point to a combination of sector rotation and overlooked earnings potential as key drivers.

BTC Stabilizes Around $59,811: Crypto Market Awaits Next Catalyst Amid Quiet Trading

Bitcoin's stability around $59,811 reflects a waiting game for the next significant crypto market catalyst, with eyes on regulatory updates and adoption news.

US Iran Ceasefire Agreement Halts Gulf Attacks; Oil Prices Drop 3.2% as Hormuz Shipping Resumes

The United States and Iran agreed to immediately halt tit-for-tat military strikes in the Gulf region following weekend clashes over the Strait of Hormuz. Oil futures plunged more than 3% on the news as shipping lanes reopened and technical talks are scheduled to resume in Doha this week. The de-escalation eases immediate supply disruption fears for global energy markets and supports risk assets.

OpenAI Weighs IPO Delay to 2027 at $1 Trillion Valuation — SoftBank Plunges 13%, KOSPI Triggers Circuit Breaker as Nasdaq 100 Futures Slide 0.9%

The New York Times reported that OpenAI is considering delaying its initial public offering until 2027, targeting a $1 trillion valuation rather than accepting a lower figure in choppy markets. The news sent SoftBank Group plunging 13%, wiping out 5.6 trillion yen in market value, and triggered an 8% collapse in South Korea's KOSPI that activated a circuit breaker. Nasdaq 100 futures fell 0.9% as investors broadly reassessed AI-sector valuations heading into a pivotal quarter-end Friday.

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.

Micron Technology Posts Record $41.46B Q3 FY2026 Revenue, Up 346% YoY — $50B Q4 Guidance and $100B in Take-or-Pay Customer Contracts Redefine AI Memory Cycle

Micron Technology reported fiscal Q3 2026 revenue of $41.46 billion, up 346% year-over-year, beating the $35.84 billion consensus by 16%, while adjusted EPS of $25.11 topped expectations by 24%. The chipmaker secured 16 take-or-pay customer agreements covering roughly $100 billion in minimum contracted revenue through 2030, structurally repositioning the memory cycle. Q4 guidance calls for $50 billion in revenue and EPS of $31, approximately $6.4 billion above analyst estimates. Shares rose 17% in trading.

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.

Apple Raises MacBook Neo by $100 to $699 and Base iPad by $100 to $449 — Stock Falls 5.3% as 'RAMageddon' Memory Shortage Forces Unprecedented Mid-Cycle Price Hikes

Apple raised prices across its Mac, iPad, HomePod, and Vision Pro lineup, with the entry MacBook Neo rising $100 to $699 and the base iPad increasing $100 to $449, blaming an unprecedented AI-driven memory shortage. CEO Tim Cook had flagged the increases, but the scope caught analysts off guard. Apple stock fell 5.3% as DRAM prices are projected to rise another 58% to 63% this quarter. Microsoft also raised Xbox console prices by up to $150. iPhone, Apple Watch, and AirPods were not affected.

All 32 Banks Pass 2026 Fed Stress Test as JPMorgan Unveils $50B Buyback and 10% Dividend Hike — Goldman Sachs, Wells Fargo, Morgan Stanley Follow With Double-Digit Increases

All 32 U.S. banks passed the Federal Reserve's 2026 annual stress test, absorbing $708 billion in projected losses while maintaining capital ratios above minimums. JPMorgan Chase raised its quarterly dividend 10% to $1.65 per share and authorized a new $50 billion buyback effective July 1. Goldman Sachs lifted its dividend 11% to $5 per share, Wells Fargo raised its payout 11% to $0.50, and Morgan Stanley boosted its dividend 15% to $1.15 per share while reauthorizing a $20 billion repurchase program.