In the second quarter of 2026, Class A shares of the Alger Spectra Fund outperformed the Russell 3000 Growth Index. Key contributors to this positive performance included Nebius Group N.V., Astera Labs, and Western Digital Corporation, while GFL Environmental, QXO, and IREN Limited were notable detractors. This performance highlights Alger's continued success in growth equity investing amid market changes and innovation. Investors may watch how these holdings evolve in upcoming quarters.
U.S. equities saw a strong rebound in the second quarter of 2026, with the S&P 500 Index gaining 15.2%, marking its best quarterly performance since 2020. Key contributors to this growth included Nebius Group, Western Digital, and Astera Labs, while ...
SanDisk's stock price surged 3,911.79% over the past year, fueled by strong AI-driven demand for NAND memory. The company reported impressive Q4 fiscal 2026 results, beating earnings and revenue estimates, and expects continued growth with a revenue ...
Shares of AI hardware companies, including Cerebras, Intel, and AMD, fell sharply before Cerebras' Supernova product event due to profit-taking and broader market rotation. Despite strong endorsements and revenue growth projections, Cerebras faces se...
Micron Technology's stock closed at $1,011.75, marking a 254.71% gain year-to-date driven by strong demand for AI memory products. CEO Sanjay Mehrotra describes this as a structural industry shift. Despite the recent surge, 24/7 Wall St. sets a price...
Shares of memory chip makers like SanDisk, Micron, and Western Digital fell sharply after a Wall Street Journal report revealed $3 trillion in off-balance-sheet AI commitments by top tech firms, raising concerns about future spending. This news, comb...
