MarketsMicron's Exceptional Earnings Propel Stock by 16%, Impacting Crypto Market
Micron Technology's impressive earnings and optimistic outlook boost AI memory stocks.
By James Van Straten|Edited by Jamie Crawley Jun 25, 2026, 10:01 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on
(dujin yun/Pixabay)SummaryShow- Micron (MU) exceeded Wall Street's projections and provided a positive forecast for Q4, leading to gains in AI memory stocks such as SanDisk (SNDK) and SK Hynix.
- For the third quarter, revenue reached $41.5 billion, surpassing estimates of $35.7 billion, while earnings per share (EPS) were $25.11 against an expected $20.49.
- CEO Sanjay Mehrotra indicated that there is "no line of sight" for AI memory supply to meet demand, predicting shortages to last beyond 2027.
Micron Technology (MU), a manufacturer of computer memory chips, reported impressive Q3 earnings on Wednesday, which not only lifted the AI memory sector but also slightly benefited cryptocurrency markets.
Bitcoin BTC$61,240.95 rose above $60,000 after the market closed, yet the positive sentiment surrounding AI is likely to divert liquidity from the crypto space.
Following the earnings announcement, Micron's shares soared by 16% in premarket trading on Thursday, as the company's guidance for the third quarter surpassed Wall Street estimates. The third-quarter revenue was reported at $41.5 billion, overshadowing predictions of $35.7 billion, while the EPS reached $25.11 compared to an anticipated $20.49.
Memory chips have become crucial for AI infrastructure, especially high-bandwidth memory (HBM), which is vital for developing and executing large AI models. CEO Sanjay Mehrotra conveyed to analysts that there is "no line of sight" as to when supply will align with demand, foreseeing ongoing shortages well into 2027.
The company also provided a robust forecast for the fourth quarter, projecting revenue around $50 billion, significantly higher than the Wall Street expectation of $43.2 billion.
This year, the AI surge has negatively impacted the crypto market, with Bitcoin trading more than 50% lower than its peak in October, hovering around the $60,000 mark.
In the wake of the earnings report, shares of SanDisk (SNDK) and SK Hynix rose approximately 13%. Notably, SK Hynix, a leader in the high bandwidth memory market, is reportedly considering a U.S. listing that could value the company at around $30 billion.
AI-focused crypto mining firms also saw gains, with IREN (IREN) and Cipher Digital (CIFR) both increasing by about 3% in premarket trading.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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