Micron Technology reported a fiscal Q3 2026 revenue of $41.456 billion with an unprecedented 84.6% gross margin, signaling a potential shift from the typical cyclical memory market. The company has secured 16 long-term contracts that could cover half its revenue, aiming to stabilize earnings. However, history shows memory cycles often end abruptly with sharp losses, and these contracts have yet to be tested in a downturn. Investors remain cautious as Micron's valuation is high, and past cycles warn that current profits may not last indefinitely.
Micron Technology's stock surged 662% over the past year due to strong AI memory demand, reaching a high near $1,254. Despite this, a proprietary model sets a 12-month price target slightly below the current price at $979.34, suggesting a 3.56% downs...
Shares of memory chip companies like SK Hynix, Micron, and Western Digital dropped significantly despite JPMorgan's Overweight rating and high price target for SK Hynix. The selloff is driven by rising Treasury yields nearing 4.91% and oil prices sur...
In Q2 2026, the Janus Henderson Global Sustainable Equity fund delivered a 14.19% gross return, slightly outperforming the MSCI World Gross TR index's 13.90% return. The fund's overweight position in the IT sector, the best-performing sector in the i...
Baron Opportunity Fund's Q2 2026 report shows a portfolio with a median market cap of $90.4 billion and a weighted average of $1.7 trillion, focusing on secular growth and innovation. Key highlights include Micron benefiting from supply constraints, ...
Micron Technology reported a 346% year-over-year revenue increase in Q3 FY26, driven by structural supply constraints and booming AI-related demand. The company projects Q4 revenue to reach $50 billion, continuing double-digit sequential growth. Stra...
