MarketCatalystFutures dip after Thursday's AI-led tech selloff as oil holds near a five-month high; RingCentral, Robert Half and Crown Castle rise while Deckers, Autoliv and Kinsale fall. Plus the Fed week calendar & what to watch.
Micron unveiled DRAM, HBM and NAND roadmaps through 2030 aimed at AI memory performance, energy efficiency and storage, and its CTO said the company will not pursue 4F² memory chips, per Nikkei.
SK Hynix has reportedly decided to abandon the planned Nasdaq IPO of its Solidigm subsidiary after strong shareholder opposition over valuation damage and dilution, according to Korea Economic Daily, and work on a pre-IPO funding round has also been halted, with a formal announcement expected soon.
AT&T fell 5.8%, Verizon 4.5% and T-Mobile 4.0% in after-hours trading, while Crown Castle jumped 10.3% and American Tower 7.4%, after Bloomberg reported that SpaceX is in talks to access at least 80,000 U.S. cell sites to support a fourth nationwide wireless network.
Comfort Systems USA reported third-quarter revenue of $3.77 billion and EPS of $13.91, above the $3.4 billion and $12.85 expected, while total backlog climbed 90% from a year earlier to $17.81 billion and operating cash flow rose 83% to $1.01 billion.
Western Digital reported fiscal first-quarter revenue of $4.38 billion and adjusted EPS of $4.64, both above estimates, with an adjusted gross margin of 58.1%, and guided the second quarter to $5.0 billion to $5.2 billion of revenue, well above the $4.57 billion Wall Street expected.