Quick Read Micron plunged 8% on China competition fears, dragging AMD and Intel down 6% each despite neither competing in memory chips; meanwhile, MRVL shares slid 7%. Apple is testing chips from Chinese DRAM maker CXMT, while the SOXX semiconductor ETF fell 4% on the sector-wide selloff. Micron guides for $50B in FQ4 revenue, but…
Quick Read Apple is reportedly targeting Chinese fab CXMT for LPDDR5X memory, threatening Micron’s $12 billion mobile segment despite its 85% gross margins. SanDisk and Western Digital sold off sharply as Apple’s CXMT talks erased the assumption Chinese supply cannot undercut memory pricing floors. Carter Worth flagged four 20% drops in Micron since March and…
The arrival of Yuan Gujie, the new deputy director of Beijing’s liaison office in Hong Kong, has sparked widespread speculation. Her legal background and experience in Guangdong province suggest that her posting carries a clear agenda: to promote deeper integration between Hong Kong and other Greater Bay Area cities. One thing is clear: if the…
Micron (NASDAQ: MU) stock recorded big gains in Wednesday’s trading thanks to bullish catalysts on two important fronts. The memory-chip company’s share price ended the day’s trading up 8.9% amid the backdrop of a 0.7% jump for the S&P 500 and a 1.1% gain for the Nasdaq Composite. The stock had been up as much…
ChangXin Memory Technologies (CXMT), China’s leading memory chipmaker, has started mass production of a new generation of DRAM products in the latest sign of the country’s advancing semiconductor capabilities. The Hefei-based company, which is preparing for an initial public offering in Shanghai, announced on its official website that it had begun producing LPDDR5X – an…
Micron is reportedly planning to stop supplying server chips to data centers in China after the company failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, a report has said. Micron was the first US chipmaker targeted by Beijing in a move seen as retaliatory for Washington’s restrictions aimed…
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Nvidia is investing in OpenAI. (Photo by Justin Sullivan/Getty Images) Getty Images Key Takeaways Powell’s Cautious Remarks Shift Focus Toward Upcoming Inflation Data Nvidia’s Massive AI Investments Drive Market Cap And Sector Momentum Lithium Americas Surges On Potential Government Stake And EV Demand Major market indices fell on Tuesday with the S&P 500 dropping 0.55%…
Micron is expected to report net earnings per share of $2.65 on revenue of $11.2 billion in its fiscal fourth quarter. (Bloomberg) — Micron Technology Inc.’s earnings after the bell Tuesday will shed light on whether the chipmaker’s high-flying stock has gotten ahead of itself after a 41% gain in September. Most Read from Bloomberg…
Micron (MU) closed at $135.24 in the latest trading session, marking a +2.88% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.27%. At the same time, the Dow added 0.43%, and the tech-heavy Nasdaq gained 0.37%. Heading into today, shares of the chipmaker had gained 6.26% over the past…