Leopold Aschenbrenner, a 24-year-old AI expert, runs a hedge fund, Situational Awareness LP, which grew its assets to $13.7 billion by Q1 2026. The fund invests heavily in Bitcoin miners and infrastructure firms like HIVE Digital Technologies, betting on the rapid rise of artificial general intelligence (AGI) and the massive power and data center needs it entails. Despite the semiconductor boom, Aschenbrenner shorts chipmakers, focusing instead on the physical infrastructure critical for AI scaling. This reflects a broader consensus that AGI is approaching quickly, driving huge capital flows into AI-related sectors.
Micron Technology reported an outstanding fiscal Q3 with revenue up 74% sequentially and 346% year-over-year, greatly exceeding market expectations. The company's forward price-to-earnings ratio remains low at 9.4 despite a 265% year-to-date stock pr...
Micron reported a record gross margin of 84.9% in its latest quarterly earnings, more than doubling from 39% a year ago and surpassing major tech companies like Nvidia and Meta. This surge is driven by strong demand for memory chips, especially from ...
Micron Technology's Q3 revenue reached $41 billion, surpassing the $35 billion expected, and its non-GAAP EPS guidance for Q4 is $31, well above consensus estimates. The company is securing long-term contracts aiming for half its revenue under strate...
Micron's stock surged over 15% after reporting its most profitable quarter ever, with Q3 revenue hitting $41.4 billion, up from $9.3 billion a year ago. Adjusted earnings per share soared to $25.11, and net income reached $28.24 billion. The company ...
Micron's shares surged over 15% after reporting its most profitable quarter ever, with revenue hitting $41.4 billion, up from $9.3 billion a year ago. Adjusted earnings per share soared to $25.11, and net income reached $28.24 billion, driven by stro...
