Sandisk and Micron stocks fell sharply this week, dropping around 18% each despite strong earnings and bullish analyst ratings. The sell-off is driven by concerns over Google's TurboQuant algorithm potentially reducing AI memory needs, alongside strategic risks like Sandisk's $1 billion investment in Nanya Technology and Micron's increased capital spending. Analysts remain optimistic, citing strong AI-driven memory demand and supply shortages, but the market is cautious amid multiple uncertainties. The sector's outlook will depend on upcoming AI infrastructure spending data in 2026.
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...
