The US has temporarily authorized Iranian oil sales until August 21, easing sanctions and potentially reversing pressure on Iran amid ongoing nuclear talks. This move comes as Wall Street shows mixed performance, with tech stocks facing volatility driven by AI-related concerns, as Nasdaq's volatility surpasses the broader market. Micron Technology's new partnership with AI firm Anthropic to supply memory and storage components sparked a 5% rally in its shares, reflecting optimism in AI infrastructure. Meanwhile, major deals and investments continue, including AbbVie's $10.9 billion acquisition of Apogee and Meta's $900 million investment in Indian fintech Cred, highlighting ongoing shifts in tech and healthcare sectors.
Micron Technology's stock has surged 880% over the past year, reaching nearly $1,200, driven by strong fiscal Q2 2026 results with 196% revenue growth and a 74.4% gross margin. The company projects even higher Q3 revenue of $33.5 billion and an EPS o...
David Tepper increased his holdings in the iShares MSCI South Korea ETF (EWY) and Micron Technology during Q1 2026, reflecting a strategic bet on memory chips critical for AI development. EWY is heavily concentrated in South Korean memory chip giants...
AI chipmaker Cerebras reports earnings after a 30% stock drop since its IPO, with options implying an 11.5% price move. Micron, a key memory chip stock, reports next with high implied volatility suggesting a 10% swing, reflecting strong investor inte...
Micron Technology and AI company Anthropic have formed a strategic partnership to enhance next-generation AI infrastructure. The collaboration focuses on designing and supplying advanced memory and storage solutions tailored for AI workloads, includi...
Over the past decade, Marvell Technology and Micron Technology shifted from traditional chip and memory makers to key players in AI infrastructure. Marvell's pivot under CEO Matt Murphy included major acquisitions that boosted its data center revenue...
