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Chips Meta Expands AV1 to Majority of RTC Devices; 20% Bitrate Gain Below 100kbps Funding AppsFlyer Lands $1B Series E at $2.7B Valuation; Meta, Google, Moloco, Unity Invest Chips GlobalFoundries & Qualinx Tape First End-to-End European Sovereign Chip Manufacturing Flow Policy NSA red-team test: Anthropic Mythos penetrated classified systems in hours, triggering first AI model export ban Chips GlobalFoundries and Qualinx complete Europe's first sovereign end-to-end chip manufacturing flow for defense, aerospace Market ChatGPT market share drops to 46% for first time; Claude hits 13% paid-conversion, Gemini 28% Market Micron Q3 earnings today: HBM4 ramp, record 81% gross margins expected; NVIDIA Vera Rubin focus Breaking NVIDIA 2026 shareholder meeting today: Blackwell ramp signals, Vera CPU production timeline focus Market Alphabet shares fall 7% as Gemini co-lead and AlphaFold chief exit to OpenAI, Anthropic Research Claude Opus 4.8 tops Artificial Analysis leaderboard; first frontier model to complete every agentic case end-to-end Chips Intel appoints former SK hynix CEO Seok-Hee Lee to lead foundry advanced packaging, signaling HBM integration push Chips MIPS S8200 RISC-V NPU samples for physical AI robotics at the edge Market SpaceX signs $6.3B compute deal with Reflection AI for Colossus 2 Chips JUPITER, Europe's First Exascale Supercomputer, Goes Live on NVIDIA Grace Hopper; Maps Brain at Cellular Scale, Climate at 1km Resolution Chips DDR2 Memory Prices Surge 55–60% as AI DRAM Reallocation Cascades Down to 2003-Era Chips Market SpaceX discloses $100.8B cash pile after IPO, launches bond offering for AI datacenter buildout Research PP-OCRv6 Lightweight OCR Beats Vision-Language Models on Text Recognition with 34.5M Parameters Chips JUPITER Exascale Supercomputer Live: Europe's First 1-Exaflop System Breaks 50-Qubit Quantum Record Funding Seedcamp closes $320M across two funds, pivots to physical AI and embodied robotics in European deep-tech bet Funding Robotics startups hit record $18.8B in 2026 funding, surpassing full-year 2025 with embodied AI driving mega-rounds Chips Meta Expands AV1 to Majority of RTC Devices; 20% Bitrate Gain Below 100kbps Funding AppsFlyer Lands $1B Series E at $2.7B Valuation; Meta, Google, Moloco, Unity Invest Chips GlobalFoundries & Qualinx Tape First End-to-End European Sovereign Chip Manufacturing Flow Policy NSA red-team test: Anthropic Mythos penetrated classified systems in hours, triggering first AI model export ban Chips GlobalFoundries and Qualinx complete Europe's first sovereign end-to-end chip manufacturing flow for defense, aerospace Market ChatGPT market share drops to 46% for first time; Claude hits 13% paid-conversion, Gemini 28% Market Micron Q3 earnings today: HBM4 ramp, record 81% gross margins expected; NVIDIA Vera Rubin focus Breaking NVIDIA 2026 shareholder meeting today: Blackwell ramp signals, Vera CPU production timeline focus Market Alphabet shares fall 7% as Gemini co-lead and AlphaFold chief exit to OpenAI, Anthropic Research Claude Opus 4.8 tops Artificial Analysis leaderboard; first frontier model to complete every agentic case end-to-end Chips Intel appoints former SK hynix CEO Seok-Hee Lee to lead foundry advanced packaging, signaling HBM integration push Chips MIPS S8200 RISC-V NPU samples for physical AI robotics at the edge Market SpaceX signs $6.3B compute deal with Reflection AI for Colossus 2 Chips JUPITER, Europe's First Exascale Supercomputer, Goes Live on NVIDIA Grace Hopper; Maps Brain at Cellular Scale, Climate at 1km Resolution Chips DDR2 Memory Prices Surge 55–60% as AI DRAM Reallocation Cascades Down to 2003-Era Chips Market SpaceX discloses $100.8B cash pile after IPO, launches bond offering for AI datacenter buildout Research PP-OCRv6 Lightweight OCR Beats Vision-Language Models on Text Recognition with 34.5M Parameters Chips JUPITER Exascale Supercomputer Live: Europe's First 1-Exaflop System Breaks 50-Qubit Quantum Record Funding Seedcamp closes $320M across two funds, pivots to physical AI and embodied robotics in European deep-tech bet Funding Robotics startups hit record $18.8B in 2026 funding, surpassing full-year 2025 with embodied AI driving mega-rounds
Market

Micron Q3 earnings today: HBM4 ramp, record 81% gross margins expected; NVIDIA Vera Rubin focus

Micron Technology reports fiscal Q3 2026 earnings today (June 24) after market close, with Wall Street consensus expecting $34.5–5B in revenue and ~$20 EPS. The company has guided for ~81% gross margins, which would be record profitability in its 47-year history if delivered. All eyes are on HBM4 production ramping for NVIDIA's Vera Rubin platform: Micron has begun volume production of HBM4 (36GB, 12-high stack) delivering bandwidth >2.8 TB/s and ~20% better power efficiency than HBM3E.

The structural story is HBM supply scarcity turning into pricing power. Micron's full HBM capacity for calendar 2026 and early 2027 has been fully booked by customers. HBM4 ramp speed has reached twice that of HBM3E generation, compressing the time between new product and meaningful revenue. Management has repeatedly emphasized that DRAM and NAND supply shortages will persist well beyond 2026, with long-term supply agreements locking in volume and pricing. For fiscal 2026, analysts project full-year EPS of ~$58, up 651% from $7.68 in fiscal 2025, with fiscal 2027 consensus reaching ~$98 per share.

Three variables will drive the market reaction June 24–25: (1) Hard revenue contribution from HBM4 in Q3, (2) forward HBM4 allocations and demand signals for Vera Rubin Ultra in 2027, (3) sustainability of ~81% gross margins into Q4 and full-year 2027. RBC Capital raised its target to $1,200, Cantor Fitzgerald to $1,500, and Goldman Sachs cited tight DRAM supply and margin visibility as key themes. Wall Street has no sell ratings on the stock.

Micron's re-rating from cyclical to secular growth hinge on whether management’s narrative holds: that AI-driven memory demand is structural, not cyclical. The market has bought this story, but inflation in memory pricing, oversupply signals from other vendors, or weakness in hyperscaler capex spend could quickly reverse the thesis. Watch for commentary on SK Hynix and Samsung competitive positioning, which currently hold 62% and growing share in HBM.

Sources

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