The Nasdaq 100 index reached a new all-time high above 29,000, driven by a 13.5% surge in Micron Technologies stock amid a strong rally in semiconductor shares. The S&P 500 and Dow also rose, supported by better-than-expected April jobs data showing 115,000 new jobs added and steady unemployment at 4.3%. Despite geopolitical tensions near the Strait of Hormuz, tech stocks led gains with the Technology Select Sector ETF up 2.6%. The Federal Reserve is expected to hold interest rates steady through year-end as markets digest mixed economic signals.
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...
