Rep. Ro Khanna sold $1,001 to $15,000 worth of Micron Technology shares on April 27, 2026, just before the stock surged about 70.8% by May 26 amid a strong AI-driven semiconductor rally. Micron's shares have climbed nearly 200% year-to-date and crossed $1 trillion in market value, fueled by high demand for AI infrastructure chips. Khanna's sale has drawn scrutiny due to concerns over congressional stock trading, especially since he is closely tied to the tech sector. Other lawmakers have also traded Micron shares recently, benefiting from the rally. The key question remains whether Micron can sustain this rapid growth.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
Jim Cramer expressed skepticism about the current impact of AI investments, noting that while AI infrastructure companies benefit, many corporate users have yet to show significant cost savings or revenue gains. He highlighted that banks, expected to...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
Micron Technology announced that its executives will participate in the KeyBanc Capital Markets Technology Leadership Forum on August 10, 2026, in Deer Valley, Utah. The event presentation will be webcast live and available for replay on Micron's Inv...
