CNBC Daily Open: Nvidia may still be tech’s king, but Micron just stole a scene

CNBC Daily Open: Nvidia may still be tech’s king, but Micron just stole a scene

Micron reported gross margin of 84.9% (up from 39% year-over-year), surpassing Nvidia and Meta; Qualcomm doubled its 2029 datacenter revenue forecast to $40B with Dragonfly chip for agentic AI; SK Hynix filed for a $29.4B Nasdaq IPO. AI infrastructure consolidation shifts margin value toward memory/cpu producers specialized for agent workloads—tech buyers must recalibrate vendor strategy and budget allocation toward optimized HBM.