Nasdaq fell 4%. Bayer surged 17%. Gold dips 10%. Jobs report Thursday. Here's the week. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Micron Just Proved the AI Memory Supercycle Isn't Finished.
By The Numbers
- $41.46 billion. Micron's record fiscal Q3 2026 revenue. Wall Street expected $35.7 billion. A year ago the same quarter brought in $9.30 billion.
- -4%. The Nasdaq's weekly loss, its worst in over a year. The Philadelphia Semiconductor Index shed 7.9%. Nvidia fell 8.6%. Then Micron reported Wednesday night.
- +17%. Bayer's single-day gain after the Supreme Court ruled 7-2 in its favor on Roundup liability. Its best day since 2003.
- $4,067. Gold's price this morning, down roughly 10% from its recent high. JPMorgan still targets $6,300 by year-end. Five major banks see $6,000 or higher.
- Thursday. The June jobs report drops. Nike earnings hit Tuesday. ADP employment data lands Wednesday. Markets close early Thursday. All of Wall Street shuts Friday for Independence Day.
The BriefMicron posted $41.46 billion in fiscal Q3 revenue on Wednesday night, crushing the $35.7 billion estimate and guiding Q4 to $49-51 billion, well above the $43.2 billion Wall Street expected. The result landed in the middle of the Nasdaq's worst week in over a year, when the index fell 4% and chip stocks shed 7.9% on AI-spending fears that turned out to be wrong. Away from tech, Bayer surged 17% after the Supreme Court ruled 7-2 in its favor on Roundup liability, ending what had been billions in potential exposure. Gold sits at $4,067 this morning, down roughly 10% from its recent high, while five of the world's biggest banks still target $6,000 or higher by year-end. This week is short: Nike earnings hit Tuesday, ADP employment drops Wednesday, the June jobs report lands Thursday, and markets shut Friday for the Fourth of July.
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Stock of the Week Micron Technology (MU)
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