Victor Dergunov, an experienced investor, views the current AI-driven stock rally as the largest bubble in market history, with extreme price surges in companies like Micron and Dell. Despite unprecedented spending on AI infrastructure, he warns that future slowdowns in capital expenditures and intense competition may cause steep declines in memory, hardware, and hyperscaler stocks. Valuations are reaching dot-com era highs, with the S&P 500 heavily concentrated in a few AI-related tech giants. Dergunov is shifting to defensive sectors, increasing cash reserves, and preparing to benefit from a potential market downturn, while cautiously targeting an S&P 500 year-end level of 8,000.
Nvidia's stock has risen only 12% in 2026, underperforming the VanEck Semiconductor ETF's 84% gain, as investors shift attention to memory chips and AI infrastructure. The price to rent Nvidia's flagship B200 GPU, crucial for AI data centers, has fal...
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...
Micron Technology has seen its profit margins soar due to a high demand and low supply of memory chips, allowing significant price increases with minimal cost rise. Investors are now focused on whether Micron can maintain gross margins above 80% and ...
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 o...
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...
