Micron, Qualcomm, Wendy's Rise
Micron Technology, Qualcomm, The Wendy's Company, SanDisk, and Western Digital are gaining attention after reporting strong earnings and outlooks, with Micron's revenue exceeding analyst expectations and Qualcomm raising its long-term outlook
S. 63. These are the top stocks that gained the attention of retail traders and investors through the day: Micron Technology, Inc. 92.
56. 96. 11 per share, exceeding analyst expectations, while revenue increased approximately 346% year over year. 3 billion in adjusted free cash flow.
The chipmaker forecast fourth-quarter revenue of $50 billion, plus or minus $1 billion, and adjusted earnings of $31 per share, plus or minus $1, both above Wall Street estimates. The strong results and outlook reinforced expectations of continued demand growth for memory and storage products, particularly in AI-related markets. Read Also: Micron Earnings Echo Nvidia's 2023 Moment? 33.
99. 97 in extended trading. Qualcomm raised its long-term outlook at its 2026 Investor Day, projecting $40 billion in non-handset revenue by fiscal 2029, including more than $15 billion from data centers, over $14 billion from IoT, and $10 billion from automotive businesses. The company also said it was targeting more than $18 in adjusted earnings per share by fiscal 2029.
The chipmaker highlighted its expanding diversification strategy, including a new AI data center roadmap and a push into robotics and industrial AI platforms. CEO Cristiano Amon said Qualcomm was positioning itself to capitalize on growing demand for AI computing across devices, the edge, and cloud infrastructure. 50. 33.
24. The fast-food chain attracted significant attention from retail investors, driven by high short interest and speculation of a potential takeover. Discussions on platforms like Reddit’s WallStreetBets further fueled the stock’s momentum. 42.
39. 83. SanDisk shares rebounded after a sharp decline in the previous session, as investors shifted focus to upcoming fiscal third-quarter results from Micron Technology, a key bellwether for the memory chip industry. 75 billion, with options markets pricing in a roughly 14% move following the report.
38. 13. 36% to $724 in extended trading. Micron’s stronger-than-expected third-quarter results and upbeat fourth-quarter forecast bolstered confidence in the memory and storage market recovery, supporting expectations of improved demand and pricing trends for companies such as Western Digital.
Edge Stock Rankings indicate Micron stock has a Momentum score in the 99th percentile and a Value score in the 9th percentile. Read Also: Michael Burry Flags New Trouble For Palantir: 'Rock Rock Til You Drop' Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. com