Micron reported a record-breaking Q2 2026, with revenue increasing 196% and earnings per share (EPS) rising 682% year-over-year, far exceeding expectations. The company's strategic shift to prioritize high-value AI memory and storage while exiting less profitable consumer segments has fueled this strong growth. Looking ahead, Micron projects Q3 2026 revenue of $33.5 billion, gross margins of 81%, and non-GAAP EPS of $19.15, signaling continued robust performance. Despite market risks and competition, the stock is rated a Buy with a five-year target price suggesting an 84% upside.
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
The Direxion Daily Semiconductor Bear 3X Shares (SOXS) surged about 11% amid a selloff in memory chip stocks led by Micron Technology and SK Hynix, which fell 8% and 11% respectively. This drop was triggered by Chinese DRAM maker CXMT's large IPO pla...
AI-related hardware and chip stocks, including Dell, Micron, and SanDisk, experienced a significant selloff following news that Meta Platforms plans to lease surplus AI capacity. This raised concerns about potential overbuilding of data center infras...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
Jim Cramer stated that today's stock market is far from the dot-com bubble era, highlighting lower valuations, cooler inflation, and strong corporate earnings as key differences. Despite some speculative stocks like SpaceX, these are outliers and do ...
