Memory and storage stocks like Micron, Western Digital, and SanDisk jumped 6-8% following news of a U.S.-Iran peace agreement, which eased geopolitical risks and boosted global markets. The rally is also fueled by strong demand from AI data center buildouts, driving revenue and margins higher for these companies. Investors are now focused on Micron's upcoming Q3 earnings on June 24, which are expected to confirm the AI-driven growth trend, though some caution remains about valuation and potential consolidation. The sector's global strength is highlighted by gains in Korean memory makers as well.
Micron Technology is seeing unusually high bearish sentiment in the options market, with a put/call ratio above 10 and implied volatility peaking near 120%, almost double its yearly average. This suggests traders may be underestimating risks from geo...
Micron Technology's stock rose 9% as analysts grew more optimistic about the memory chip market ahead of the company's earnings report. TD Cowen raised its price target from $660 to $1,500, expecting a 53% upside, while RBC Capital Markets increased ...
Micron Technology reported exceptional Q2 2026 results, with revenues soaring 196% year-over-year and adjusted gross margins reaching a record 75%. Earnings per share beat consensus estimates by 33%, driven by strong performance in both its Compute a...
Fox is acquiring Roku for $160 per share in a $22 billion cash and stock deal, combining Fox's content and Tubi service with Roku's 100 million global streaming households. Fox shareholders will own 73% of the combined company, while Roku shareholder...
Micron Technology is expected to report strong Q3 earnings on June 24, driven by high demand from the AI supercycle and robust revenue growth of 44% sequentially and 270% year-over-year. Despite a 243% rally this year, the stock trades at a forward P...
