Micron Technology and SanDisk stocks fell 5% and 6% respectively as investors took profits following a rapid price surge driven by AI data center demand for memory chips. Micron reported strong Q1 2026 results with 57% revenue growth and raised guidance, while SanDisk also showed robust earnings and is set to join the NASDAQ 100 Index soon. Despite the pullback, analysts remain bullish due to ongoing high demand for DRAM and NAND flash, though concerns about cyclical market risks and heavy capital spending persist. Key upcoming events include SanDisk's earnings report on April 30 and its NASDAQ 100 inclusion on April 20, which could influence stock movements.
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...
