Micron (MU) jumps 10% on strong earnings and guidance.  The DRAM maker beat by 82 cents as sales rose 56% to $13.64 billion. The company provided upside guidance as data center builders look to grab as much of the company’s memory chips as possible. The downside for consumers is prices remain higher for many of their products that use memory chips like PCs, cell phones, cars, appliances and medical equipment. AI demand remains alive and well.

ServiceNow (NOW) continues to pull back following earnings. Software stocks have been under pressure the last two weeks following Oracles’ earnings. ServiceNow received a downgrade recently from KeyBanc with a $775 price target. Rumors are also circling ServiceNow may buy out cybersecurity start-up Armis for as much as $7 billion, the largest deal ever for ServiceNow. Earlier this year, ServiceNow acquired artificial-intelligence start-up Moveworks for $2.85 billion.

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