Micron surges 35% in its best week since 2008

MU added roughly $200 billion in market cap this week, vaulting into the top 10 U.S. tech companies by valuation on the back of strong Q2 earnings, severe DRAM and NAND supply shortages, and surging AI data center demand. The launch of its 245TB Micron 6600 ION SSD underscored that this is a product-cycle story, not just a sentiment trade. Wall Street analysts are raising price targets and forecasting a structural memory supply deficit through 2027, which means the pricing power driving this move could persist for years, not quarters.

Palantir's 11th straight earnings beat barely moved the stock

PLTR posted 85% revenue growth, 133% U.S. commercial growth, and a record 145% Rule of 40 score, yet gained just 0.55% as valuation anxiety capped the reward for a genuinely historic operating performance. Apple rose 2.05% after a preliminary chip-making deal with Intel brokered by the Trump administration and a Wedbush price target raise to $400, but the deal signals geopolitical pressure reshaping AAPL's supply chain ahead of a potentially pivotal WWDC next month. Disney beat Q2 estimates with $1.57 EPS and 88% streaming profit growth, yet faces FCC regulatory scrutiny over ABC's broadcasting licenses that introduces real uncertainty into a core media asset.

Tariffs and fuel costs are outrunning earnings beats

Toyota fell 0.78% after forecasting a 20% profit decline for the current fiscal year, with U.S. tariffs driving a 49% Q4 profit slump that strong hybrid sales and a 1.89% revenue rise could not offset. Frontier Airlines dropped 2.58% after an engine fire and runway incident at Denver International compounded rising jet fuel costs, even as Q1 results beat estimates and the carrier stands to gain from Spirit's collapse. Wendy's gained 5.04% on a Q1 EPS beat, but weak same-restaurant sales and persistent pressure on lower-income consumers signal that the macro headwind is larger than any single quarter of execution can overcome.