Micron Technology – Charm

Semiconductor stocks keep falling as investors go risk-off, Chinese startup releases powerful new AI model

2 months ago04 mins

What happened: Semiconductor stocks retreated on Friday. Memory and storage highfliers Micron Technology (MU) and Sandisk (SNDK) stocks dropped more than 2%, and Western Digital (WDC) fell more than 3%. Chipmakers, including Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), Intel (INTC), and Marvell (MRVL), also moved lower. Qualcomm (QCOM) retreated as well. Among semiconductor equipment makers,…

A passport issued by the People's Republic of China and Chinese currency banknotes. (Photo: iStock/Getty Images)

Fortune Tech: China restricts AI talent, Micron value surges, Dropbox CEO steps down

4 months ago010 mins

Good morning. Fortune’s newest Most Powerful Women list is out and there are some familiar tech faces on it, including AMD’s Lisa Su, Alphabet’s Ruth Porat, Huawei’s Meng Wanzhou, and Anthropic’s Daniela Amodei. Among this year’s notably ascendant? Meta’s new president Dina Powell McCormick, who leaps 19 spots to No. 58. As colleague Ellie Austin…

Two people look at blurred lines of code.

3 Undervalued AI Stocks to Buy Right Now

Cs news6 months ago09 mins

Finding undervalued artificial intelligence (AI) stocks hasn’t been possible for most of the AI build-out that has taken shape since 2023. However, with markets generally weak right now, there are fantastic investment opportunities everywhere. Three stocks that I have my eye on in April are Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Micron Technology (NASDAQ:…

A downward-trending red arrow overlaid on U.S. currency.

2 Semiconductor Stocks to Sell Before They Drop 32% and 43%, According to Wall Street Analysts (Hint: Not Nvidia)

Cs news6 months ago010 mins

Most Wall Street analysts believe semiconductor companies Micron Technology (NASDAQ: MU) and Intel (NASDAQ: INTC) are undervalued, but some think the stocks could drop sharply in the next year. Joseph Moore at Morgan Stanley has set Micron with a bear-case target price of $240 per share. That implies 43% downside from its current share price of…

Micron Technology board outside company headquarters.

This Artificial Intelligence (AI) Stock Will Be Worth $1 Trillion by the End of 2026

Cs news7 months ago08 mins

The astounding 313% gains that shares of Micron Technology (NASDAQ: MU) have clocked over the past year have brought the company’s market capitalization to around $463 billion, a big increase from the $100 billion-plus level a year ago. The stunning rise in Micron stock is justified by the phenomenal jump in the company’s revenue and…

China’s DRAM giant CXMT plans US$4.2 billion IPO on Shanghai’s Star Market

9 months ago02 mins

CXMT Corporation, parent of Chinese memory chip giant ChangXin Memory Technologies (CXMT), aims to raise 29.5 billion yuan (US$4.2 billion) from an initial public offering in Shanghai to fund technology upgrades, as Beijing presses ahead with its drive for tech self-reliance amid geopolitical tensions. The Shanghai Stock Exchange received CXMT’s application for a listing on…

US software firm SAS exits China after 25 years, lays off about 400 staff

Cs news11 months ago02 mins

US software company SAS Institute has withdrawn from mainland China and dismissed its local staff, according to a Beijing-based employee affected by the move, as the analytics specialist ended more than two decades of operations amid intense domestic competition and geopolitical tensions. The company on Thursday announced the lay-offs via an email and hosted a…

Micron to cease supply of server memory chips to data centres in China after ban: sources

Cs news11 months ago01 mins

Micron Technology plans to stop supplying server memory chips to data centres in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, according to two people briefed on the decision. Since then, both Nvidia and Intel have similarly fielded accusations from Chinese authorities and an…