Closing Bell: Micron Gives Strong Forecast, BP Surges, Nvidia Rises
Jun 25, 2025
Explore the surge in Micron's stock as they announce a strong forecast fueled by AI demand. BP's shares skyrocket amid merger rumors with Shell, stirring excitement in the energy sector. The tech landscape shines with impressive earnings reports, showcasing the pivotal role of semiconductor companies in AI advancements. Discussions also touch on recent market declines affecting companies like FedEx, highlighting the cautious consumer sentiment. Tune in for insights into evolving market dynamics and the anticipated leadership changes in key firms.
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BP Acquisition Speculation
BP shares surged amid reports of early-stage acquisition talks with Royal Dutch Shell, reflecting market speculation and activist shareholder pressure.
Though Shell denied the deal, BP remains a potential takeover target due to performance struggles.
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- Micron (MU), the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading. Micron is seeing increasing demand for components like its high-bandwidth memory, which are used in machines that develop and run AI tools. The company expects continued growth from that market as such software becomes more complex, requiring bigger amounts of memory. The company is also starting to recover from narrower profit margins in the previous quarter.
- BP (BP) shares surged as much as 10% in trading after the Wall Street Journal reported that Royal Dutch Shell Plc is in early-stage talks to acquire its London-based rival. Talks between company representatives are active, but any terms of a potential deal couldn’t be learned and a transaction is far from certain, the newspaper reported, citing people familiar with the matter. BP is under intense pressure after years of under-performance and the intervention of activist shareholder Elliott Investment Management. Speculation has been growing that the embattled company would become a takeover target, and Bloomberg reported in May that Shell had been studying the merits of a deal.
- Nvidia (NVDA) shares rose to an all-time high on Wednesday, with the leader in artificial intelligence chips extending an advance that has cemented its position as one of the most valuable companies in the world. The stock rose 4.3% to $154.31, taking out an all-time high that has stood since January. The record is only the latest milestone for the company, which has risen 63% off an April low, a rally that has added nearly $1.5 trillion to its market capitalization. With the day’s gain, Nvidia stands as the world’s largest stock, with a market cap of about $3.77 trillion, overtaking Microsoft Corp. at $3.66 trillion.
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