Trump Media Surges on TAE Merger; Micron Rallies; Accenture Beats
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Show Notes
On this episode of Stock Movers:
- Shares of Trump Media & Technology Group Corp (DJT) soared ahead of the US market open after the company behind Truth Social announced that it agreed to merge with clean fusion energy company TAE Technologies in an all-stock transaction valued at more than $6 billion.
- Shares of Micron Technology (MU) rallied in premarket trading after the company gave an upbeat forecast for the current quarter, a sign that surging demand and supply shortages are allowing the company to charge more for products. Fiscal second-quarter revenue will be $18.3 billion to $19.1 billion, the company said in a statement Wednesday. Analysts had estimated $14.4 billion on average for the period. Excluding some items, profit will be $8.22 to $8.62 a share, compared with a projection of $4.71. Micron is the largest US maker of computer memory chips.
- Accenture (ACN) reported adjusted earnings per share for the first quarter that beat the average analyst estimate.
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