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Micron ties its future to Anthropic in supply deal
TheStreet51d agoneutral
Micron ties its future to Anthropic in supply deal

Micron Technology (MU), the largest U.S, memory chipmaker, announced a strategic agreement with Anthropic on Monday that bundles three things together: a technical collaboration on AI memory design, a new multiyear supply contract, and a stake Micron already holds in Anthropic's funding round. The ...

Earnings Updates, PCE Inflation Data: What to Watch This Week
The Wall Street Journal51d agoneutral
Earnings Updates, PCE Inflation Data: What to Watch This Week

Investors are looking forward to another week of chip stock reveals. Qualcomm is expected to give more details about its business at its investor conference. Micron, the latest trillion-dollar semiconductor company, reports earnings, as do FedEx, Cerebras and Carnival.

Navellier explains why Micron is better than SpaceX
TheStreet51d agoneutral
Navellier explains why Micron is better than SpaceX

Micron Technology’s (MU) earnings announcement on June 24 is expected to be the grand finale to a stunning earnings announcement season. For the most recently reported quarter for the three months ended February 26, Micron increased earnings per share by 756% following 984% growth last ...

Micron, Anthropic sign AI infrastructure supply agreement
Reuters51d agoneutral
Micron, Anthropic sign AI infrastructure supply agreement

Micron Technology said on Monday it has signed an agreement with Anthropic that includes supply ‌of memory and storage products, and a strategic investment ‌in the IPO-bound AI company's latest funding round. AI developers are racing to secure ​critical components for increasingly expensive data-center buildouts, while memory makers look to tap into the soaring demand for high-bandwidth memory and storage used in training and running advanced AI models. "Our compute strategy depends ‌on getting every layer ⁠of the stack right, and memory and storage are central to how efficiently we can train ⁠and serve Claude," said Tom Brown, Anthropic's co-founder and chief compute officer.

Micron shares come to Solana just in time for earnings
TheStreet51d agoneutral
Micron shares come to Solana just in time for earnings

Micron shares are now trading on Solana, and unlike on Wall Street, the market never closes. Sunrise and Backpack Securities have tokenized Micron (NASDAQ: MU) stock and brought it live on Solana on June 22, just two days before the chipmaker reports its fiscal third-quarter earnings. ...

AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist
24/7 Wall St.51d agoneutral
AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist

Stephanie Roth, chief economist at Wolfe Research, argued on a CNBC Morning Call that the AI capex cycle has runway, geopolitical risk is being absorbed by the stock market, and the Federal Reserve can stay patient despite sticky inflation. Her view sets the tone for a week hinging on Micron Technology (NASDAQ:MU) earnings, Iran negotiations, ... AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist

Inflation Data, Micron Earnings: What to Watch This Week
The Wall Street Journal52d agoneutral
Inflation Data, Micron Earnings: What to Watch This Week

Investors are looking forward to another week of chip stock reveals. Qualcomm is expected to give more details about its contract with a major data-center customer at its investor conference. Micron, the latest trillion-dollar semiconductor company, reports earnings.

SK Hynix overtakes Samsung to become South Korea's most valuable company
Reuters52d agoneutral
SK Hynix overtakes Samsung to become South Korea's most valuable company

SK Hynix on Monday overtook Samsung Electronics to become South Korea's most valuable listed company, marking a dramatic reversal of fortunes for a chipmaker that two decades ago nearly collapsed under debt. The company, now the dominant supplier of high-bandwidth memory (HBM) chips used in AI systems for customers such as ‌Nvidia and Alphabet's Google, has emerged as one of the biggest beneficiaries of the global AI boom, propelling a more than 340% rally in its shares this year and lifting ‌its market value above both Samsung Electronics and Micron. Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's market capitalisation to 2,082.5 trillion won ($1.35 trillion) as of 0347 GMT, compared with gains of ​0.4% in Samsung Electronics to 2,081.3 trillion won, excluding preferred shares.

SK Hynix overtakes Samsung to become Korea's most valuable company
Reuters52d agoneutral
SK Hynix overtakes Samsung to become Korea's most valuable company

SK Hynix on Monday overtook Samsung Electronics to become South Korea's most valuable listed company, marking a dramatic reversal of fortunes for ‌a chipmaker that two decades ago nearly collapsed under debt. The company, now the dominant supplier ‌of high-bandwidth memory (HBM) chips used in AI systems for customers such as Nvidia and Google has emerged as one of ​the biggest beneficiaries of the global AI boom, helping propel its shares up more than 340% this year and lifting its market value above both Samsung Electronics and Micron. Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's market capitalisation to 2,082.5 trillion won ($1.35 ‌trillion) as of 0347 GMT, compared ⁠with gains of 0.4% in Samsung Electronics to 2081.3 trillion won, excluding preferred shares.

SK Hynix dethrones Samsung Electronics as South Korea's most valuable company
Reuters52d agoneutral
SK Hynix dethrones Samsung Electronics as South Korea's most valuable company

The market value of South Korean chipmaker SK ‌Hynix briefly topped that of peer ‌Samsung Electronics on Monday to make it the ​country's most valuable firm. Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's ‌market capitalisation ⁠to 2,082.5 trillion won ($1.35 trillion) as of 0347 GMT, compared with ⁠gains of 0.4% in Samsung Electronics to 2081.3 trillion won, excluding preferred shares. Samsung ​Electronics had ​held the top ​spot since 2000.