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MU, AMD, MRVL, QCOM Surge as July Memory Sales Hit $74.6B Record, Up 32% Month-on-Month

2026-07-09 17:03:18

MU7.89%

AMD6.08%

MRVL6.99%

QCOM3.01%

According to Bernstein analyst Stacy Rasgon, shares of Micron Technology (MU), Advanced Micro Devices (AMD), Marvell Technology (MRVL), and Qualcomm (QCOM) surged Thursday morning amid explosive AI demand and tight memory capacity. Memory sales in July hit a new monthly record of $74.6 billion, up nearly 32% month-on-month, according to UBS data cited by Investing.com. Rasgon noted that gross margins on memory products are currently above 90%, a level never seen before.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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