In Q2 2026, David Tepper's Appaloosa Management reduced holdings in memory chip makers like Micron and exited SanDisk, reallocating capital into AI-related stocks such as Amazon, Taiwan Semiconductor, NVIDIA, and a new position in CoreWeave. Notably, Tepper also increased stakes in independent power producers Vistra and NRG Energy, highlighting a strategic move into the energy sector that supports AI data centers. This shift reflects a rotation from volatile chipmakers to more stable AI infrastructure and utility companies, which may offer more consistent returns amid changing market dynamics. The move underscores Tepper's forward-looking approach to the AI theme, focusing on layers beyond just chip manufacturing.
Seagate and SanDisk stocks dropped 4% and 3% respectively due to profit taking after strong gains this year, with no new company news to explain the decline. Seagate shares have surged 201% year-to-date, while SanDisk rose 29% in the past month. In c...
Micron Technology is a key winner in the AI-driven memory supercycle, experiencing record profits due to supply-demand imbalances in DRAM and NAND memory. Despite recent volatile stock price movements, Micron's forward price-to-earnings ratio remains...
Micron reported record fiscal Q3 revenue of $41.46 billion, beating estimates by 17.6%, with strong earnings and an unprecedented $50 billion revenue forecast for Q4. Despite this, Wall Street wiped out $57 billion in market value due to concerns ove...
Micron Technology's stock has surged dramatically in 2026, rising over 240% year-to-date, driven by strong AI demand and strategic customer agreements promising $100 billion in revenue. Despite this, shares recently dipped nearly 5% due to competitio...
Micron Technology is viewed as a bullish investment opportunity before its Q4 earnings report, with an expected upside of about 32% to the analyst's price target. Concerns about a peak in the memory chip cycle are considered exaggerated, as ongoing c...
