Micron reported fiscal Q4 revenue of $54.2 billion, up 31% sequentially and 379% year over year, with EPS of $33.42 against a $31.16 consensus and revenue beating the $50.45 billion estimate. Gross margin hit 87%, DRAM revenue was a record $39.8 billion (+343% YoY) and NAND $14.1 billion (+526% YoY); full-year FY26 revenue was $133.2 billion, up 256%. Management flagged $32 billion in long-term customer agreements and said memory supply stays tight through fiscal 2027 and 2028 — shares were roughly flat after hours as heavy capex plans offset the beat, but the read-through lifted the sector.
Bloomberg reported Anthropic is seeking to go public as soon as mid-November, with formal marketing potentially starting the week of November 9 and trading before Thanksgiving. The raise could reach $100 billion at a valuation up to $2 trillion, which would top SpaceX's June record as the largest IPO ever. Revenue run rate reportedly went from $9 billion at the end of 2025 to $65 billion at the end of July; the company still expects to list no later than year-end.
Broadcom is amassing roughly $60 billion in debt financing to fund AI chip purchases, structured as $42 billion in Class A senior secured bank loans plus $18 billion in Class B subordinated debt led by Blackstone, which is putting up $9 billion of its own and syndicating the rest. A filing showed Broadcom would lend Anthropic up to $42 billion to lease its chips; Anthropic is set to become Broadcom's largest custom-silicon customer next year. AVGO was up about 1.5% premarket and carries the highest average analyst upside in the group at roughly 51%.
Analyst Joseph Moore moved Nvidia back to top-pick status after a roadshow with Jensen Huang, displacing Micron following memory's 300% to 900% run. Moore called the valuation "very undemanding" at about 15 times Morgan Stanley's fiscal 2028 estimate, citing a new product cycle, tight supply and broadening AI application adoption. NVDA was up roughly 1.2% to 1.5% premarket; average analyst upside across the Street sits near 40%.
AMD is acquiring World Labs, the spatial-intelligence startup building models that generate and simulate interactive 3D environments from text, images and video, in an all-stock transaction valued at about $8.2 billion. Fei-Fei Li becomes AMD's EVP and chief scientist reporting to Lisa Su; the deal is expected to close by year-end pending regulatory approval. AMD traded up about 1.5% premarket, though the Street's average target implies only ~5% upside after the stock's re-rating.
Amazon has approached outside investors about transferring roughly $8 billion of already-installed Nvidia Grace Blackwell systems into a special-purpose vehicle and leasing the hardware back. The SPV would raise most of its capital through debt, with outside equity capped around 10%; the goal is cash back now plus relief from carrying fast-depreciating silicon as capex runs above $200 billion a year. The chips span more than a dozen US data centers across five states, including Nevada and Virginia. Talks are exploratory and neither company has commented.
Alphabet unveiled Gemini 4 Argon, priced at $2 and $10 per million tokens — roughly half of Claude Opus 5.5 — with a 1-million-token single-trajectory output window aimed at coding, cybersecurity and complex professional work. GOOGL ran up past 2% intraday and traded around $350 premarket Thursday from a $344.08 close, but gains shrank to about 0.5% after a Bloomberg report detailed internal Google skepticism about Argon's coding performance. Consensus from 61 analysts remains Strong Buy with an average target near $429.
The 10-year yield hit an intraday 5.344% Thursday, a level last seen in April 2002, before closing down 5 basis points at 5.243%; the 30-year peaked at 5.693%, a 24-year high. Drivers: sticky inflation above target, a stronger-than-expected GDP print and heavy government borrowing. Congress averted a shutdown hours before the October 1 deadline with a stopgap funding the government through November 17.
Tesla's company-compiled sell-side consensus is 461,974 deliveries and 15.9 GWh of energy storage, which would be a 1.3% sequential decline and about 7% below the record 497,099 a year ago. Street estimates run wide, from 421,758 to 482,000; UBS sits near 470,000 with a $385 target and ~16.9 GWh of storage. Shares fell roughly 8% over the five sessions into October 1 and are down about 22% year to date.
The Financial Times reported Tencent signed a five-year lease across several Oracle data centers in Southeast Asia, securing access to roughly 100,000 advanced AI chips it cannot obtain inside China, at a value near $7 billion with close to a third paid upfront. Oracle rose about 1.6% on the report before reversing lower. The deal underscores how Chinese tech firms are renting offshore capacity to work around US export restrictions.
