Micron Technology reported a strong Q2 with revenue hitting $23.86 billion, driven by a 75% sequential growth and a $3.54 EPS beat, fueled by high demand for DRAM and NAND, especially for AI workloads. Despite this, the market's reaction to the new 245TB 6600 ION SSD launch seems overblown due to manufacturing limits that restrict near-term growth. The stock remains a Buy with an attractive valuation on a PEG basis, but investors should watch for cyclical risks, production bottlenecks, and market volatility. The author is reducing her position to secure profits after a 400% gain since first coverage.
South Korea's Kospi index has become highly correlated with the US Nasdaq 100, driven by AI demand for memory chips from Samsung Electronics and SK Hynix. These companies supply critical components for AI data centers, making South Korea an early ind...
Shares of major chipmakers like ASML, AMD, and Micron dropped sharply after reports that a Chinese state-backed firm started mass-producing domestic deep ultraviolet (DUV) lithography machines. This development threatens sales of older-generation too...
Micron Technology's stock fell about 25% from a record high despite reporting record revenue, earnings, and margins driven by AI memory demand. The sell-off reflects investor worries about the cyclical memory chip market, potential oversupply from co...
Micron Technology benefits from rising AI infrastructure needs, with increasing memory demand across HBM, DRAM, and NAND. Advanced AI models like Kimi K3 require more memory due to larger parameters and longer context windows, driving higher bit-dema...
Tesla has started production of Optimus, a humanoid robot that learns tasks by observing humans rather than relying on pre-written code. CEO Elon Musk highlighted that unlike other robots, Optimus can perform generalized tasks by learning from contin...
