Micron Technology splits spiked nearly 4 percent in after-hours trading after it announced a dole out with Intel to make and ship the next generation of chips second-hand in flash drives and digital cameras.
And then came news that Micron resolve buy back $10 billion in shares.
It was already a good day for Micron. Splits were up 3.9 percent for the day after the chipmaker raised expectations for its financial third quarter ending in May. It now expects sales in the quarter to be in the range of $7.7 billion to $7.8 billion, up from preceding guidance set at $7.2 billion to $7.6 billion. The stock is up nearly 35 percent this year.
Intel allots reacted more modestly, up 0.24 percent in after-hours trading after climbing $1.5 percent on Monday.