Micron reported record fiscal Q3 revenue of $41.46 billion, beating estimates by 17.6%, with strong earnings and an unprecedented $50 billion revenue forecast for Q4. Despite this, Wall Street wiped out $57 billion in market value due to concerns over the cyclical nature of memory markets and macroeconomic risks like rising interest rates and oil prices. The company benefits from tight global memory supply and multi-year contracts securing future revenue, making it attractive for long-term investors. Management plans to increase capital returns starting December 2026, signaling confidence in sustained demand despite near-term volatility.
The S&P 500 has risen 14% in 2026, reaching record highs, but this rally is heavily concentrated in a few AI-related chipmakers like Nvidia, Sandisk, and Micron Technology. Over 40% of the index's stocks are actually down this year, with many sectors...
SanDisk shares dropped 6% amid a broader memory sector selloff triggered by Chinese memory maker ChangXin Memory Technologies' progress in DRAM technology. Although SanDisk specializes in NAND flash and not DRAM, the market reacted negatively across ...
Shares of Micron, SK Hynix, and Western Digital dropped after Chinese chipmaker ChangXin Memory Technologies (CXMT) announced progress on a denser server memory chip design targeting the lucrative AI-driven market. CXMT aims to launch this new produc...
Micron Technology reported record fourth-quarter results, achieving $54.2 billion in revenue and an adjusted EPS of $33.42, both surpassing expectations. Growth is broad-based, led by data center SSD and non-HBM segments, with strategic deals securin...
SpaceX's $8 billion acquisition of Grain Management's nationwide low-band spectrum caused major telecom stocks like T-Mobile, Verizon, and AT&T to drop sharply due to fears of increased competition. However, experts suggest this sell-off may be an ov...
