Micron reported quarterly revenue of $54.2 billion, up 379% year over year, with adjusted gross margin at 87% and adjusted EPS jumping from $3.03 to $33.42. The company projected first-quarter revenue of about $61.5 billion and adjusted EPS of about $38.15, both above market expectations. Ongoing memory-chip shortages and strong pricing continue to lift the earnings outlook, though investor Victor Dergunov said the setup is becoming more complex.

Alaska Airlines is set to take its long-running Seattle rivalry with Delta Air Lines into longhaul international markets, with about 92% of its planned intercontinental seats from Seattle through August 2027 overlapping Delta’s existing nonstop routes, according to a Reuters analysis of Cirium schedule data. Alaska’s cost base remains an advantage, with first-half non-fuel unit costs about 17% below the average of Delta, United and American, but its unit revenue was roughly 20% lower, limiting its cushion. Delta, for its part, has strengthened its Seattle hub position by securing preferential access to 18 gates and adding two lounges.

Nike reported fiscal first-quarter revenue of $11.2 billion, down 4% year over year, as weakness in Greater China outweighed growth in North America. Net income fell to $712 million. The company said its new operating model is designed to deliver $2.5 billion in cost savings by 2031 and will include additional layoffs starting in calendar 2027. Citi kept a “neutral” rating, citing sales guidance below market expectations, as the stock is down nearly 45% since the beginning of the year.

Micron posted a strong fourth quarter, with earnings per share jumping 1,002% year over year to $33.42 and revenue rising 379% to $54.23 billion. CEO Sanjay Mehrotra said on the company’s earnings call that “physical AI,” particularly self-driving cars and humanoid robots, could significantly lift demand for memory and storage by the end of this decade. He added that level 4 and higher autonomous vehicles typically require more than 200 gigabytes of memory and multiple terabytes of storage.

Nvidia announced it will increase its existing share repurchase authorization by a record $150 billion. Days after the announcement, the stock rose 2% intraday on Oct. 2 and touched a record high of $237.88. The company’s market capitalization reached $5.67 trillion, making it the world’s most valuable publicly traded company.

Nvidia added $150B to its share buyback plan, lifting its remaining repurchase authorization to a record $235B. The move signals confidence that its AI business will continue to generate strong revenue and cash flow.

The Group of Seven has agreed, under the International Energy Agency’s coordination, to release up to 100 million barrels of oil and diesel over four months. The plan includes a frontloaded and substantial diesel release within the first 20 days. The move aims to cool surging fuel prices and avert a possible U.S. ban on diesel exports.

As of the most recent week, U.S. equity funds attracted $20.6B in inflows. Over the same period, money-market funds recorded $41.36B in outflows. The flow data point to a renewed rotation from cash-like assets back into risk assets.