Micron Technology's stock fell sharply by 7.5% despite strong profit growth reported by rival Samsung Electronics. Other memory and storage companies like Sandisk, Western Digital, and Seagate also saw significant share declines. Investors appear cautious about the memory market's future, with concerns that the sector may have reached its peak, especially amid uncertain demand driven by AI-related technology trends. This suggests a more cautious outlook for memory chip makers despite recent gains.
Shares of major chipmakers like ASML, AMD, and Micron dropped sharply after reports that a Chinese state-backed firm started mass-producing domestic deep ultraviolet (DUV) lithography machines. This development threatens sales of older-generation too...
Micron Technology's stock fell about 25% from a record high despite reporting record revenue, earnings, and margins driven by AI memory demand. The sell-off reflects investor worries about the cyclical memory chip market, potential oversupply from co...
Micron Technology benefits from rising AI infrastructure needs, with increasing memory demand across HBM, DRAM, and NAND. Advanced AI models like Kimi K3 require more memory due to larger parameters and longer context windows, driving higher bit-dema...
Tesla has started production of Optimus, a humanoid robot that learns tasks by observing humans rather than relying on pre-written code. CEO Elon Musk highlighted that unlike other robots, Optimus can perform generalized tasks by learning from contin...
