Semiconductor stocks led gains in Nasdaq futures, rising 0.51%, while Dow futures slipped 0.10% as investors reacted to mixed signals from the Federal Reserve and geopolitical tensions in Iran affecting oil prices. The Fed's recent meeting minutes showed a split among policymakers on future rate hikes, making next week's CPI report crucial for market direction. Despite volatile oil supply concerns from U.S.-Iran conflicts, strong earnings momentum and AI sector strength support optimism for the S&P 500 to reach 7,800-8,000 by year-end if Gulf tensions do not escalate further.
Nvidia's stock price has dropped 15% since May despite growing revenue, as GPU prices fall due to eased shortages and increased competition from custom chips by major tech firms. Meanwhile, memory chip maker Micron has nearly tripled in value, driven...
Micron announced a $3 billion investment plan to strengthen its U.S. semiconductor supply chain, including a $500 million financing deal with GlobalWafers to expand a silicon wafer facility in Texas. The companies also signed a 10-year supply agreeme...
Micron Technology announced a $3 billion investment to strengthen the US semiconductor supply chain and expand manufacturing capacity. This includes $500 million to support GlobalWafers' new silicon wafer plant in Texas and a 10-year supply deal for ...
Micron announced a $3 billion investment plan to strengthen the US semiconductor supply chain, including $500 million for GlobalWafers to expand wafer production in Texas. The company also raised its total US investment target to $250 billion through...
Micron Technology's stock has surged nearly 8 times in a year, pushing its market value above $1 trillion, driven by high-bandwidth memory (HBM) critical for AI infrastructure. Unlike past volatile memory cycles, Micron benefits from multi-year contr...
