$MU

EQX Labs plans to add 11 tokenized US stocks and ETFs to Hyperliquid's platform, including major tech companies and ETFs tracking the S&P 500 and Nasdaq 100. The tokens will be backed by shares held through DTCC-connected custodians and traded against USDC, with trading available 24/7 for non-US participants. EQX aims to expand equity exposure and price discovery on Hyperliquid's decentralized platform.

Elon Musk praised Micron (MU) for its approach to memory pricing, highlighting the importance of memory suppliers in AI infrastructure. Micron's stock is down 25% from its 52-week high, while the Roundhill Memory ETF (DRAM) offers diversified exposure to memory-chip makers. Investors are weighing the risks and opportunities in the memory sector, with analysts noting Micron's low forward P/E and expected earnings growth.

Micron will invest $50M over five years to support the DOE's Genesis Mission Graduate Fellowship and related research, focusing on semiconductors and AI. The funds will support fellowships, research, and partnerships with federal agencies and labs. Micron's commitment is part of a broader $10B investment in its research labs over a decade.

Telecom stocks VZ, T, TMUS, CHTR fell post-SpaceX acquisition, with VZ gaining 1.75% to $43.53. AMAT dropped 6.69% to $464, citing AI-driven demand. JNJ fell 5.73% to $248.61 after earnings, with drug business up 7.7% and MedTech up 2.5%.

Micron (MU) and Nvidia (NVDA) shares declined in premarket trading. Jim Cramer advised watching end-use devices rather than the semiconductor index. Micron reported strong Q4 earnings, with revenue exceeding estimates and long-term customer agreements securing future revenue. Nvidia also showed significant supply obligations. Analysts remain optimistic about long-term demand for memory chips, despite recent market nervousness.

Zacks Equity Research highlights Micron Technology (MU) as Bull of the Day, citing strong AI-driven demand, high margins, and significant revenue growth. Krispy Kreme (DNUT) is named Bear of the Day due to declining sales from GLP-1 drug use and poor financial performance. Oklo Inc. (OKLO) advances its isotope business with regulatory milestones and supply chain developments.

Micron (MU), SanDisk (SNDK), and SK Hynix (SKHY) stocks fell in premarket trading despite ASML's (ASML) strong Q3 results and raised 2026 outlook. Concerns over Chinese competition and high valuations weighed on memory stocks. ASML reported €11.7B Q3 sales, up from €7.52B a year earlier, and raised its 2026 sales outlook to €44B–€45B. All three stocks have a Strong Buy consensus rating, with significant implied upside according to analysts.

Micron Technology (MU) has seen a 230% YTD gain. Analysts expect DRAM prices to rise 43% in 2027, then drop 53% in 2028. Micron reports 26 strategic customer agreements (SCAs) through 2030, up from 16, covering over 35% of its revenue. These SCAs include price-band frameworks, providing pricing protection. Customer financial commitments increased to $32 billion, with $12.9 billion in contract liabilities.

CXMT, a Chinese memory manufacturer, plans to release DDR5 RDIMMs with a 4F² design by the end of 2026, claiming a 33% reduction in memory cell area. This announcement caused shares of rivals Micron, SK Hynix, and Samsung to drop by up to 7%. CXMT's technology could challenge South Korean semiconductor manufacturers' dominance in the server memory market.

Micron Technology reported that no single customer accounted for 10% or more of its revenue in fiscal 2026, down from 17% in fiscal 2025. Revenue grew 256% to $133 billion. The company's top 10 customers still provided over half of its revenue, with data centers accounting for around 60% of sales. Micron's stock has fallen about 14% from its Oct. 7 close, trading at roughly $936.