Micron surges 15% in its best week since 2008

MU has now gained over 80% in the past month as AI infrastructure demand collides with a memory chip supply shortage, driving prices and margins sharply higher. This is not a sentiment trade — supply constraints are doing real work on MU's fundamentals, and the AI buildout shows no sign of easing that pressure. Separately, Apple reached a preliminary deal with Intel to manufacture some chips for Apple devices, a quiet but significant move to diversify away from TSMC and reshape long-term supply chain economics.

Toyota warns of a 20% profit drop despite strong hybrid demand

Toyota cited cost and supply disruptions tied to the Middle East conflict as the driver of its cautious annual forecast, even as quarterly results came in solid and hybrid demand remains healthy. This is a reminder that geopolitical exposure can overwhelm good underlying business. Sony told a different story entirely: it forecast an 11% rise in annual operating profit to 1.6 trillion yen through March 2027 and announced a share buyback of up to 500 billion yen, signaling management conviction even as its gaming segment faces softer expected sales. The contrast between these two Japanese multinationals shows how sector exposure, not just geography, determines resilience right now.

Wendy's beat estimates cleanly while DraftKings crossed a milestone awkwardly

Wendy's posted Q1 2026 EPS of $0.12 against a $0.10 consensus alongside higher revenue, a clean beat that suggests U.S. fast food spending is stabilizing after a rough stretch. DraftKings delivered its first profitable quarter at $21.1 million, a genuine milestone for a company that has spent years burning cash to build market share. But it missed EPS estimates at $0.20 versus the $0.22 expected, and that gap matters when investors are watching for proof of a durable profit trajectory. Beating and merely arriving are two different things, and the market tends to price that difference quickly.