--- title: "Microsoft Has Worst Month Since 2000, Micron Delivers Memorable Beat: This Week On Wall Street" type: "News" locale: "en" url: "https://longbridge.com/en/news/291006149.md" description: "Wall Street saw stark contrasts: Microsoft suffered its worst June since 2000 due to AI capex fears, while Micron delivered a massive earnings beat with revenue up 346%. Oil prices collapsed as the Strait of Hormuz reopened, yet US inflation hit a three-year high. The Magnificent Seven ETF faced significant outflows, whereas Micron's shares surged on strong financial results." datetime: "2026-06-26T20:00:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291006149.md) - [en](https://longbridge.com/en/news/291006149.md) - [zh-HK](https://longbridge.com/zh-HK/news/291006149.md) --- # Microsoft Has Worst Month Since 2000, Micron Delivers Memorable Beat: This Week On Wall Street It’s been a week of stark contrast on Wall Street. Crude collapsed below $70 as the Strait of Hormuz reopened, yet the Fed’s preferred inflation gauge hit a three-year high, the Magnificent Seven kept bleeding, and **Micron Technology Inc.** (NASDAQ:MU) delivered what analysts called “a memorable beat.” ## Oil Tanks As Hormuz Reopens WTI crude has now fully wiped out its war premium. Oil is also down more than 20% on the month, on pace for its worst monthly performance since March 2020. Saudi Arabia resumed loading tankers at Ras Tanura, and Persian Gulf exports recovered to roughly 75% of prewar levels, according to Goldman Sachs estimates. On Friday, President **Donald Trump** said Iran had fired four “one-way attack drones” at ships transiting the Strait of Hormuz, calling it “a foolish violation of our ceasefire agreement.” Markets shrugged. Oil held onto its losses. ## Fed’s Favorite Inflation Gauge Hits 3-Year High Yet inflation is still catching up to the shock from the Iran war. Core Personal Consumption Expenditure (PCE) – the Fed’s favorite inflation gauge – rose to 3.4% year-over-year in May, the highest since October 2023. Headline PCE jumped to 4.1%, the hottest since April 2023. At his first FOMC meeting on June 17, new Chair **Kevin Warsh** held rates steady at 3.50%–3.75% but signaled openness to a hike. Markets now price an October hike as the base case. ## Hyperscalers Falter **Microsoft Corp.** (NASDAQ:MSFT) is down about 18% on the month — its worst June since 2000, as investors keep dumping the stock over AI capex fears. Fellow hyperscaler **Oracle Corp.** (NYSE:ORCL) has fared even worse, plunging 30% in June and erasing more than $300 billion in market value after warning of $70 billion in fiscal 2027 capex. **Apple Inc.** (NASDAQ:AAPL) added a new twist to the narrative this week, raising prices across its product line to offset surging memory costs — a direct pass-through of the AI-driven memory boom into consumer wallets. The **Roundhill Magnificent Seven ETF** (NYSE:MAGS) is heading for its worst month since inception, with over $1 billion in outflows. ## Micron’s Memorable Beat The flip side: a windfall for AI infrastructure suppliers. Micron posted fiscal third-quarter revenue of $41.5 billion, up 346% on the year. Gross margin hit 84.6%. Earnings per share came in at $24.67 versus $1.68 a year ago, nearly a 15-fold increase. Shares jumped 15% on Thursday as the stock saw multiple price-target hikes. ## Michigan Sentiment Bounces After three monthly declines drove the index to its lowest reading ever, the University of Michigan’s final June Consumer Sentiment rose 9% to 48.9, yet sentiment is still 19% below a year ago. Long-run inflation expectations fell back from 3.9% to 3.4%. **Read Also: The Memory Oligopoly: How Micron And 6 Other Names Now Set The Price For The AI Race** _Photo: Matej Kastelic/Shutterstock_ ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [MAGS.US](https://longbridge.com/en/quote/MAGS.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [MSFW.US](https://longbridge.com/en/quote/MSFW.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) ## Related News & Research - [Why everyone is talking about Micron](https://longbridge.com/en/news/290862553.md) - ['History Suggests a Rebound Ahead,' Says Top Investor About Microsoft Stock](https://longbridge.com/en/news/290617290.md) - [Microsoft is raising Xbox prices yet again due to the memory shortage — this time by $100-$150](https://longbridge.com/en/news/290865693.md) - [Microsoft Opens Wisconsin Data Center Ahead of Schedule](https://longbridge.com/en/news/290595294.md) - [Ocean Park Asset Management LLC Invests $561,000 in Microsoft Corporation $MSFT](https://longbridge.com/en/news/291028721.md)