Micron Technology reported Q2 results that surpassed expectations, with $24 billion in revenue, a 74.4% gross margin, and $12.20 earnings per share. The company generated $12 billion in operating cash flow, exceeding its total long-term debt. Looking ahead, Micron projects Q3 revenue between $33.5 billion and $37 billion, gross margins above 81%, and a potential earnings per share of $82.67 by fiscal year 2027. Despite a 300% rally this year, Micron's valuation remains attractive compared to other AI-related stocks, prompting recommendations for increased exposure and opportunistic buying on dips.
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...
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...
