Newsbite analysis · Business
CNBC
Stocks making the biggest moves premarket
Premarket trading saw substantial movements as Micron's stock surged 18.5% on earnings that exceeded expectations, with adjusted earnings reaching $25.11 per share. Qualcomm also reported an 11% gain after updating its 2029 revenue projections to nearly double its prior forecast. IBM's unveiling of new chip technology that promises advancements in generative AI also supported positive market sentiment for tech stocks alongside rising shares from memory manufacturers like Sandisk and Western Digital.
Act nowConfidence: HighImmediate horizon
Published 25 Jun 2026, 11:55 UTC1 min read
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Brief
NewsBite reading:Micron and Qualcomm Stocks Surge on Strong Earnings and Projections
TL;DR
- Micron's shares rose 18.5% after reporting earnings of $25.11 per share.
- Qualcomm's stock climbed 11% following an upgraded non-handset sales forecast.
- IBM launched a new chip technology below 1 nanometer.
- Sandisk and Western Digital enjoyed stock increases of 15.6% and 13%, respectively.
- Wendy's shares added 13%, continuing a week-long rally.
Interesting facts
- Micron's revenue quadrupled year-over-year to $41.46 billion.
- Qualcomm's non-handset revenue projection increased from $22 billion to $40 billion.
- IBM's new chip technology could significantly enhance generative AI applications.