Micron Is Booming as the Market Gets Narrower ?

NicoleWong
10-08

Micron just delivered another huge quarter.

Revenue hit $54.2B, up nearly 380% year over year, while adjusted net income reached $38.4B. The standout was data center demand: core data center revenue jumped from $1.6B to $18.0B in a year.

And the momentum is still building. Micron guided to roughly $61.5B in revenue next quarter, well above expectations.

But the broader market backdrop looks much less comfortable.

Only around 42% of S&P 500 companies are currently trading above their 200-day MA, the weakest breadth since May 2025. Technology and communication services were also the only sectors to finish September higher.

The contrast is becoming harder to ignore: AI-linked spending across chips, data centers and power infrastructure remains exceptionally strong, while participation across the rest of the market continues to narrow.

$美光科技(MU)$ $閃迪(SNDK)$ $SK海力士(SKHY)$

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