Navigating Uncharted Territory: The Micron Earnings Report

Tech stocks were mixed in early trading Monday as questions continued to loom over the US-Iran peace deal.

On the artificial intelligence front, memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out. On Monday, the company announced a strategic agreement with Anthropic, in which the memory maker will supply Anthropic (ANTH.PVT) with both memory and storage chips to support its data center goals.

Shares of SpaceX (SPCX), meanwhile, fell nearly 10% on Monday, after closing out the holiday-shortened week lower on Thursday.

Alphabet stock (GOOG, GOOGL) also fell after senior research scientist and Nobel prize winner John Jumper announced he was leaving Google DeepMind AI to join rival Anthropic (ANTH.PVT). Google is also reportedly teaming up with the independent movie studio A24 to develop AI tools for movie production and distribution.

Intel (INTC) stock continued to climb after President Trump posted on Truth Social last week that the company is working with Apple (AAPL) to build chips for the iPhone maker.

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