Barclays increased its price target for Micron from $675 to $1,175, maintaining an 'Overweight' rating as Micron's shares surged 20%. The bank highlighted a new five-year Strategic Customer Agreement that shifts Micron from unstable quarterly deals to multi-year contracts with guaranteed volumes, improving supply planning and financial clarity. This change is expected to sustain the current memory market uptrend. UBS also raised its target, citing AI growth as a key driver. Despite some downside risk, Micron is widely seen as a strong buy with 26 out of 30 analysts recommending purchase.
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
The Direxion Daily Semiconductor Bear 3X Shares (SOXS) surged about 11% amid a selloff in memory chip stocks led by Micron Technology and SK Hynix, which fell 8% and 11% respectively. This drop was triggered by Chinese DRAM maker CXMT's large IPO pla...
AI-related hardware and chip stocks, including Dell, Micron, and SanDisk, experienced a significant selloff following news that Meta Platforms plans to lease surplus AI capacity. This raised concerns about potential overbuilding of data center infras...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
Jim Cramer stated that today's stock market is far from the dot-com bubble era, highlighting lower valuations, cooler inflation, and strong corporate earnings as key differences. Despite some speculative stocks like SpaceX, these are outliers and do ...
