Micron Technology reported a record Q2 FY2026 with revenue soaring 196% year-over-year to $23.86 billion and earnings per share beating expectations. The company's high-bandwidth memory (HBM) supply is fully sold out through 2026, supported by long-term contracts and a strategic U.S. manufacturing edge amid geopolitical tensions. Despite a 7% stock dip after announcing over $25 billion capital expenditure for FY2026, this spending is backed by committed HBM orders and strong cash flow. With a forward price-to-earnings ratio of 6.34 and a $630 price target, Micron offers a potential 72% upside, though risks remain from AI demand fluctuations, tariffs, and heavy capital investments.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
Jim Cramer expressed skepticism about the current impact of AI investments, noting that while AI infrastructure companies benefit, many corporate users have yet to show significant cost savings or revenue gains. He highlighted that banks, expected to...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
Micron Technology announced that its executives will participate in the KeyBanc Capital Markets Technology Leadership Forum on August 10, 2026, in Deer Valley, Utah. The event presentation will be webcast live and available for replay on Micron's Inv...
