We recently compiled a list of the Top 10 AI News Updates This Weekend. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other AI stocks. According to JP Morgan, the S&P will propel to new heights this New Year, and artificial intelligence is one of…
In This Story Despite posting robust quarterly profits, Microsoft (MSFT-5.26%) and Meta (META-3.86%) shares slumped Thursday as both tech giants signaled substantial future AI spending requirements and slower growth prospects. The companies, which have emerged as leaders in the AI sector, saw their stocks decline despite heavy investments in generative AI that had previously fueled…
In This Story The Dow and other major indexes experienced losses Tuesday afternoon as chipmakers struggled amid news of potential export caps. AI investing will take trillions from other funds, CEO says In the afternoon, the Dow Jones Industrial Average dropped 118 points, or 0.28%, to 42,939. The tech-heavy Nasdaq and S&P 500 shed 0.8%…
Morning Brief hosts Brad Smith and Seana Smith delve into today’s top stocks on Yahoo Finance. Arcadium Lithium (ALTM) shares are soaring as the company confirms ongoing acquisition talks with mining giant Rio Tinto. The stock is up over 40% on the news. Meanwhile, Micron Technology (MU) is catching investor attention after CEO Sanjay Mehrotra…
Chinese semiconductor start-up Numemory has launched what it touts as the largest-capacity memory chip in its category designed and produced on the mainland, claiming that it is a breakthrough that bolsters the country’s technology self-sufficiency efforts amid stifling US government sanctions. Numemory, formally known as Xincun Technology (Wuhan) Co, recently introduced to the domestic market…
Shares of computer technology outfit Micron Technology (NASDAQ: MU) are up more than 15% midday Thursday following Wednesday evening’s release of its fiscal fourth-quarter results. The stock’s biggest single-day gain in over a decade, however, mostly stems from its bullish guidance for the quarter currently underway. Micron firing on all cylinders Micron Technology turned $7.75…
Illustration: FeatureChina (AP) In This Story Global chip stocks rallied after U.S.-based Micron’s (MU) revenue forecast topped Wall Street’s expectations. Investors should hope for a divided Congress, strategist says Micron shares were up over 18% in pre-market trading on Thursday morning, then stayed up around 17% after the market open. Micron’s earnings report boosted global…
Micron Technology (MU) has reported fourth-quarter earnings that beat expectations on both revenue and profit fronts, primarily driven by sustained demand for AI-related memory products. The earnings beat has propelled Micron’s shares higher and sparked a broader rally in the global semiconductor market. Morning Brief co-hosts Seana Smith and Brad Smith break down the details….
By Arsheeya Bajwa (Reuters) – Micron Technology surged 15% on Thursday in premarket trading, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for semiconductors used to power generative AI technology. The company, whose high-bandwidth memory chips (HBM) are used in Nvidia’s popular artificial intelligence processors, was set to add…
Semiconductor stocks are rallying this morning, buoyed by Micron Technology’s (MU) fourth quarter earnings beat yesterday. The chipmaker is leading the charge, with its shares surging over 10%. Markets (^DJI, ^IXIC, ^GSPC) are also reacting to fresh GDP and jobless claims data this morning. This comes ahead of Friday’s crucial PCE (Personal Consumption Expenditures) print,…