U.S. stock futures rose Tuesday as semiconductor stocks like Micron and Intel bounced back after last week's sell-off, supported by strong earnings from 3M and General Motors. The Dow gained on these earnings beats, while the Nasdaq led gains driven by chip sector strength. Oil prices fell on reports of a potential 10-day ceasefire between the U.S. and Iran, easing pressure on growth stocks. Investors now await key AI-related earnings from companies like Alphabet, IBM, and Tesla later this week, which will test the sustainability of the chip-driven rally. Market direction hinges on whether key technical levels on the S&P 500 and Nasdaq hold amid ongoing geopolitical and economic uncertainties.
TSMC and ASML have confirmed that demand for AI memory remains exceptionally strong, but industry supply growth is limited by fully booked EUV capacity through 2028. The US and Japan are investing billions to support Micron Technology's manufacturing...
Micron's stock surged about 8% following positive analyst updates from Bank of America and Morgan Stanley, who highlighted strong earnings and growing demand for memory chips driven by AI technology. Bank of America raised Micron's price target to $1...
Investor Leo Nelissen remains cautious about investing in Micron (MU) and Apple (AAPL) despite their strong business fundamentals and popularity. He highlights risks such as potential oversupply in Micron's market due to new competitors increasing ca...
Micron Technology's stock is forecasted to decline modestly by about 1.92% to $849.66 by August 1, 2026, according to an AI-driven prediction. This comes after a period of strong gains fueled by high demand for AI-related memory products and record r...
A low-cost AI model from China, Moonshot AI's Kimi K3, has sparked renewed discussion about spending on memory and compute power. Despite concerns that cheaper AI could reduce demand for expensive hardware, analysts suggest that U.S. chip makers like...
