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● Third-quarter revenue hit a record $64.60 billion, ahead of consensus of about $63.3 billion.
● Micron makes DRAM and NAND memory chips, including high-bandwidth memory for AI processors.
● Nvidia was one of the biggest drags on the S&P 500.
● Oracle sells database software and cloud services and is expanding AI infrastructure.
● Full-year adjusted earnings guidance was raised to a range of $22.35 to $22.40.
● Super Micro builds servers and rack-scale systems packed with AI chips.
● Cadence Design Systems, its main rival, also fell and closed at $309.65.
● Seagate makes hard-disk drives used in large AI data centers.
● The Philadelphia Semiconductor Index had its biggest one-day drop since June 23.
● Adjusted earnings were $4.64 a share against $4.08 expected.
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