NASDAQ:HPAI 11 May 2026

June 25, 2026, 9:53 AM EDT. Micron surged over 16% after smashing earnings estimates with EPS of $25.11 and raised its August quarter guidance, citing sustained high demand driven by AI. Qualcomm jumped nearly 10%, doubling its fiscal 2029 non-handset revenue target to $40 billion fueled by AI data center infrastructure efforts and a deal with Meta. Intel received a hold rating from Goldman Sachs, who sees upside but prefers Nvidia, Broadcom, and AMD. Major U.S. banks passed Federal Reserve stress tests, enabling dividends and buybacks. JPMorgan announced a dividend increase and a new $50 billion buyback, while Goldman Sachs lifted its dividend. Jefferies posted weaker asset management fees but a strong 57% jump in investment banking revenue. Darden Restaurants beat EPS estimates but fell on cautious fiscal 2027 guidance. The Nasdaq is set to lead gains on these tech and chip sector catalysts.