Micron Technology's stock has surged 880% over the past year, reaching nearly $1,200, driven by strong fiscal Q2 2026 results with 196% revenue growth and a 74.4% gross margin. The company projects even higher Q3 revenue of $33.5 billion and an EPS of $19.15, continuing a streak of seven consecutive quarters beating earnings estimates. Despite a high valuation and some insider selling, the market expects another strong report on June 24, which could justify further price gains if guidance for Q4 is also raised. Micron remains a key player in the AI data center market, supporting its bullish outlook.
The US has temporarily authorized Iranian oil sales until August 21, easing sanctions and potentially reversing pressure on Iran amid ongoing nuclear talks. This move comes as Wall Street shows mixed performance, with tech stocks facing volatility dr...
David Tepper increased his holdings in the iShares MSCI South Korea ETF (EWY) and Micron Technology during Q1 2026, reflecting a strategic bet on memory chips critical for AI development. EWY is heavily concentrated in South Korean memory chip giants...
AI chipmaker Cerebras reports earnings after a 30% stock drop since its IPO, with options implying an 11.5% price move. Micron, a key memory chip stock, reports next with high implied volatility suggesting a 10% swing, reflecting strong investor inte...
Micron Technology and AI company Anthropic have formed a strategic partnership to enhance next-generation AI infrastructure. The collaboration focuses on designing and supplying advanced memory and storage solutions tailored for AI workloads, includi...
Over the past decade, Marvell Technology and Micron Technology shifted from traditional chip and memory makers to key players in AI infrastructure. Marvell's pivot under CEO Matt Murphy included major acquisitions that boosted its data center revenue...
