Options Market Statistics: Micron Beats Earnings Estimates, Stock Surges on AI-Driven Growth

Micron Technology exceeded fiscal Q4 expectations, earning $1.18 per share on $7.75 billion in sales, beating analysts' forecasts of $1.11 per share on $7.65 billion. The company reported a significant turnaround from the previous year, where it lost $1.07 per share on $4.01 billion in sales. For the current quarter, Micron predicts earnings of $1.74 per share on $8.7 billion in sales, surpassing analysts' estimates of $1.52 per share on $8.27 billion in sales. The strong performance was driven by robust AI demand, especially for data center DRAM products, and record Nand product revenue. In after-hours trading, Micron's stock surged over 13%, closing at $108.32. CEO Sanjay Mehrotra highlighted the company's strong competitive positioning and forecasted record revenue and improved profitability for fiscal 2025.

Intel shares rose 3.2% after launching its Xeon 6 processors and Gaudi 3 AI accelerators, designed for high-performance AI and computing workloads. Recent options trading shows 61% bullish sentiment among investors, with significant interest in call options, indicating confidence in Intel's future. The Xeon 6 doubles the performance of its predecessor, while Gaudi 3 offers up to 20% more throughput than Nvidia's H100, particularly for large-scale AI models. Partnerships with Dell and IBM aim to deliver better performance and lower costs for enterprise AI systems, enhancing Intel's competitiveness in the AI market.