---
title: "US stock market after-hours trading on June 24"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42172123.md"
description: "【MU's earnings report is explosive, saving the world! QCOM fully enters the AI data center market】During today's session, the S&P and Nasdaq continued yesterday's trend, trading sideways all day. After hours, Micron and Qualcomm once again ignited the market, rekindling the frenzy in the semiconductor sector! MU's earnings report is extremely explosive, surging 15.78% after hours, hitting a new all-time high. Third-quarter revenue and EPS significantly exceeded expectations, with gross margin exploding to 84.9%. Fourth-quarter guidance for revenue and EPS also significantly surpassed expectations. The tight HBM supply-demand situation is expected to persist beyond 2027..."
datetime: "2026-06-25T03:13:44.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42172123.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42172123.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42172123.md)
author: "[南瓜美股](https://longbridge.com/en/profiles/11897288.md)"
---

# US stock market after-hours trading on June 24

【MU's Earnings Report is Explosive, Saving the World! QCOM Fully Enters the AI Data Center Market】

During today's session, the S&P and Nasdaq continued yesterday's trend, moving sideways all day. After hours, Micron and Qualcomm reignited the market, and the frenzy in semiconductors flared up again!

MU  
The earnings report is extremely explosive, surging 15.78% after hours to hit a new all-time high.  
Fiscal Q3 revenue and EPS significantly beat expectations, with a staggering gross margin of 84.9%.  
Fiscal Q4 guidance for revenue and EPS is also significantly above expectations.  
The tight supply and demand situation for HBM is expected to persist beyond 2027, and the company is further expanding advanced memory and packaging capacity to meet demand.

View  
This earnings report directly dispelled the speculative reports from Korean media yesterday and also drove a collective after-hours rebound in semiconductor stocks. Memory stocks attempted to follow the surge, and the memory super cycle continues.  
Tomorrow will be another big up day!

QCOM  
Investor Day marked a major business transformation, with a full entry into the AI data center market, leading to a 12.95% after-hours surge.  
Launched the Dragonfiy C1000 data center CPU, expected to be available in mid-2028.  
Introduced the AI300 accelerator and data center interconnect solutions.  
Signed a long-term strategic partnership with META; future META data centers will use the C1000 CPU.  
Microsoft's Azura data centers will deploy Qualcomm's High Bandwidth Compute (HBC) chips.  
Raised non-handset business revenue forecast for fiscal 2029 by 91%.

View  
From a valuation perspective, anything below 260 is a reasonable price. However, next year's performance is still expected to be like this. Data center and chip revenue won't be reflected in the short term, so performance will likely remain poor.  
Nevertheless, this transformation is a major long-term positive for performance. Securing a mega-client means investors will be more interested in its future 'big picture' under the new roadmap, making the stock more interesting.

### Related Stocks

- [META.US](https://longbridge.com/en/quote/META.US.md)
- [QCOM.US](https://longbridge.com/en/quote/QCOM.US.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)