Biggest stock movers Thursday: AI chip stocks, WEN, HTZ, and more (MU:NASDAQ)

U.S. stock futures rise on Micron earnings beat as markets await May inflation data.

Biggest stock movers Thursday: AI chip stocks, WEN, HTZ, and more (MU:NASDAQ) | Seeking Alpha

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Wall Street advanced on Thursday after Micron Technology posted robust quarterly results, while traders digested fresh May inflation data for signals on the Federal Reserve's next policy moves.

Here are some of Thursday's biggest stock movers:

Biggest stock gainers

Micron

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Quick Insights

How did Micron Technology's earnings and guidance affect its stock price?

Micron's strong earnings and above-expectations guidance drove its stock up 20% as it exceeded 'sky high' expectations and posted higher sales in several business units.

Why did Qualcomm's updated revenue targets boost its share price?

Qualcomm shares surged 10% after it revealed ambitious non-handset revenue targets, signaling a growing total addressable market and expected strong future earnings.

What factors contributed to Alibaba Group's recent stock decline?

Alibaba shares fell after Anthropic accused it of illicitly accessing its AI model, leading to a broader selloff among Chinese tech firms with exposure to large language models.

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