technology
Micron, Qualcomm, Nvidia Events Set for After-Market Wednesday
Micron is scheduled to report fiscal third-quarter results, Qualcomm will hold an investor day, and Nvidia will conduct its annual shareholder meeting. The three events are expected to provide updates on earnings, strategy, and supply-chain conditions in the semiconductor sector.
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Micron Technology is scheduled to release its fiscal third-quarter earnings after the market closes on Wednesday. The company is expected to report adjusted earnings of $20.83 per share and revenue of $35.9 billion, according to analyst estimates cited by LiveSquawk.
Revenue is projected to rise 285 percent from the prior year, with gross margins forecast to reach 81 percent. The market will focus on the company's fourth-quarter guidance for any signs of slowing growth or margin pressure.
Qualcomm is set to outline a strategic shift toward AI compute platforms during its investor day. The company aims to generate most of its sales from non-smartphone segments by the end of the decade. Bank of America raised its price target on Qualcomm to $195 while maintaining an Underperform rating.
The bank projects roughly $2.5 billion in calendar-year 2028 AI revenue and expects updates on data-center market sizing, the HUMAIN agreement, a hyperscaler ASIC deal, the Dragonfly roadmap, and customer pipeline details.
Nvidia will hold its annual shareholder meeting on the same day. The company is working to scale production of Blackwell GPUs and its Vera CPU architecture amid ongoing supply-chain constraints. Investors are seeking clarity on shipment timelines and any easing of bottlenecks in HBM memory, advanced packaging, optical components, and liquid cooling.
The meeting is also expected to address the share of data-center revenue derived from inference workloads.
