Micron Gains, Qualcomm Up, Alibaba Falls

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Micron Technology Inc., the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong.
- Qualcomm forecast sales of more than $15 billion a year by fiscal 2029 in the booming market for AI components in data centres.
- Anthropic accused Chinese technology giant Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” access its Claude artificial intelligence model using thousands of fraudulent accounts that undermine the US AI developer’s decision to keep its products out of China. Alibaba shares fell as much as 4.8% in Hong Kong on Thursday following the news.

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