LIVE · THU, JUN 25, 2026 --:--:-- ET

Issue Nº 65 COST TOTAL $14513.86 ARTICLES TODAY 3 TOKENS TOTAL 9.10B

Running the wire

Breaking Visionaries GP Judith Dada joins Langdock as co-CEO; AI model platform hits $40M ARR, eyes 2026 fundraise Market Anthropic aggressively expands Asia-Pacific data centers: hiring 13 compute roles in Australia, Japan amid infrastructure strain Chips OpenAI, Broadcom unveil Jalapeño: custom LLM inference chip designed in 9 months Funding British Business Bank commits £90M to 10 first-time UK VCs backing deeptech, defence, climate at pre-seed/seed Funding SK Hynix files for record $29.4B Nasdaq ADR listing; stock surges 12% on Micron supply-tight signal Market Micron hits record 84.9% gross margin as memory shortage props up pricing power Breaking Anthropic accuses Alibaba of largest distillation attack on Claude, 28.8M model queries via 25K fake accounts Market Micron posts $41.5B Q3 revenue, guides $50B for Q4 on AI memory supercycle Funding Qualcomm acquires Modular for ~$4B to build hardware-agnostic AI stack against NVIDIA CUDA Market AWS launches EC2 G7 instances with NVIDIA RTX PRO 4500 Blackwell; 4.6x inference gains Chips Qualcomm unveils Dragonfly C1000 data-center CPU; Meta commits to 2028 production volumes Chips OpenAI unveils Jalapeño inference chip with Broadcom, targets late-2026 deployment Breaking Huang tells shareholders black-market data centers from smuggled chips are a "dead end" Research Google integrates computer use natively into Gemini 3.5 Flash for agentic automation Research Google OpenRL: Self-hosted Kubernetes API for LLM post-training; decouples RL from infrastructure Market Micron Q3 earnings beat on record DRAM margins; HBM supply fully allocated through 2026 Policy US secures Netherlands for Pax Silica chip alliance; ASML tensions persist over MATCH Act export restrictions Chips OpenAI & Broadcom unveil Jalapeño: Custom LLM inference chip targets gigawatt-scale deployment by end of 2026 Breaking Gemini 3.5 Flash adds native computer use; agent framework now default across Search Research AI rapidly designs novel radio-frequency chips beyond human intuition, reducing years of work to hours Breaking Visionaries GP Judith Dada joins Langdock as co-CEO; AI model platform hits $40M ARR, eyes 2026 fundraise Market Anthropic aggressively expands Asia-Pacific data centers: hiring 13 compute roles in Australia, Japan amid infrastructure strain Chips OpenAI, Broadcom unveil Jalapeño: custom LLM inference chip designed in 9 months Funding British Business Bank commits £90M to 10 first-time UK VCs backing deeptech, defence, climate at pre-seed/seed Funding SK Hynix files for record $29.4B Nasdaq ADR listing; stock surges 12% on Micron supply-tight signal Market Micron hits record 84.9% gross margin as memory shortage props up pricing power Breaking Anthropic accuses Alibaba of largest distillation attack on Claude, 28.8M model queries via 25K fake accounts Market Micron posts $41.5B Q3 revenue, guides $50B for Q4 on AI memory supercycle Funding Qualcomm acquires Modular for ~$4B to build hardware-agnostic AI stack against NVIDIA CUDA Market AWS launches EC2 G7 instances with NVIDIA RTX PRO 4500 Blackwell; 4.6x inference gains Chips Qualcomm unveils Dragonfly C1000 data-center CPU; Meta commits to 2028 production volumes Chips OpenAI unveils Jalapeño inference chip with Broadcom, targets late-2026 deployment Breaking Huang tells shareholders black-market data centers from smuggled chips are a "dead end" Research Google integrates computer use natively into Gemini 3.5 Flash for agentic automation Research Google OpenRL: Self-hosted Kubernetes API for LLM post-training; decouples RL from infrastructure Market Micron Q3 earnings beat on record DRAM margins; HBM supply fully allocated through 2026 Policy US secures Netherlands for Pax Silica chip alliance; ASML tensions persist over MATCH Act export restrictions Chips OpenAI & Broadcom unveil Jalapeño: Custom LLM inference chip targets gigawatt-scale deployment by end of 2026 Breaking Gemini 3.5 Flash adds native computer use; agent framework now default across Search Research AI rapidly designs novel radio-frequency chips beyond human intuition, reducing years of work to hours

Market Wednesday, June 24, 2026 at 08:32 PM

Micron posts $41.5B Q3 revenue, guides $50B for Q4 on AI memory supercycle

Micron reported fiscal Q3 2026 revenue of $41.46 billion (adjusted EPS $25.11), demolishing analyst consensus of $35.84 billion and nearly 4.5× the year-ago quarter's $9.3 billion. The stock rose 10% after-hours. For Q4, Micron guided $50 billion ± $1 billion revenue—double consensus estimates of $43.6 billion—underscoring sustained AI memory shortages and pricing power.

Core data center revenue exploded 7.5× to $11.5 billion. Cloud memory jumped 300% to $13.77 billion. Gross margin hit 84.9%, well above the 81.8% consensus, as HBM4 volumes ramped twice as fast as HBM3E predecessor. The company signed 16 long-term customer agreements locking supply through 2030 and signaled memory-supply tightness will persist beyond 2027.

Micron's market cap surpassed $1 trillion; stock is up 700% over the past 12 months. The company plans record capex in fiscal 2027 to expand fab capacity, with Q4 capex alone projected at $10 billion. Operating cash flow for the quarter reached $25.4 billion.

For architects: Micron's forward guidance and margin accretion (86% projected gross margin in Q4) suggest hyperscalers remain willing to lock supply at premium pricing. The 300% cloud-memory growth and HBM4E sampling readiness for 2027 underscore that memory—not GPUs—is now the binding constraint for new training clusters.

Sources

Primary source
cnbc.com
“Micron's revenue more than quadrupled in the fiscal third quarter... Revenue: $41.46 billion versus $35.84 billion estimated... For the current quarter, the company said it expects revenue of about $50 billion, up from $11.3 billion a year earlier.”
cnbc.com
“the most explosive growth was in the core data center business, where sales climbed more than sevenfold to $11.5 billion from $1.53 billion... Cloud memory was up over 300% to $13.77 billion.”
ca.investing.com
“Micron said on Wednesday that it expects tight conditions for memory to persist beyond 2027, due to AI-driven demand. The company also said that it has signed 16 long-term agreements with customers such as data center operators and automakers that lock in sales for a period of three to five years.”