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The chip maker reports a 68% monthly sales jump, but investors are still questioning how long the AI spending boom can last.
Recent developments in the AI chip sector include a notable collaboration between VERAXA Biotech and Ardigen. This partnership focuses on integrating artificial intelligence into drug discovery processes to enhance VERAXA's BiTAC pipeline, targeting cancer treatments. The AI will aid in selecting synergistic cancer target pairs, potentially improving therapeutic outcomes by reducing toxicity and systemic effects. This initiative highlights the growing role of AI chips in revolutionizing...
Micron stock was following SK Hynix dowards as investors looked to be nervy about the prospects for continued gains for memory companies.
Investing.com - U.S. stock futures were mixed on Monday as investors monitored a sharp selloff across the global memory-chip sector and assessed developments in the biotechnology space.
Micron and Sandisk have climbed in the triple and quadruple digits, respectively, over the past year.
July 13 (Reuters) - Futures tied to the S&P 500 and the Nasdaq fell on Monday, as a fresh escalation between Iran and the U.S. in the Gulf rattled investors' sentiment, drove oil prices higher and
SK Hynix dropped as investors looked to be taking some profit after a 500% gain in the past 12 months and a blockbuster U.S. listing.
↘️ SK Hynix (KR:000660, SKHY): The chipmaker’s Korean shares sank more than 15%, its biggest one-day drop on record, as investors cashed out after its ADRs’ Nasdaq debut on Friday sparked a price rally.
Investing.com -- Global chip stocks fell sharply Monday, led by a record one-day plunge in SK Hynix shares, as investors weighed a fresh escalation in Middle East tensions alongside mounting concerns over valuations in AI-related shares.
There are incredible bargains available among AI stocks right now.
Flowserve, Micron and Duke Energy have been highlighted in this Screen of The Week article.
Cisco and Planet Fitness have been highlighted as Zacks Bull and Bear of the Day
The moves come after SK Hynix’s blockbuster Nasdaq debut on Friday that sent its shares up nearly 13%.
Tech companies advanced AI, chips, cloud, space, and autonomous technologies while navigating legal battles, investments and restructuring efforts.
Micron's announcement with Ford sheds more light on its long-term deals that could generate $100 billion in revenue over the next several years.
This fund has been a strong performer for a long time, and thanks to its diversification, it's less risky than many growth stocks.
Ford Motor Company recently reached a tentative labor agreement with Unifor covering 5,150 workers at its Canadian facilities, while also securing a long-term memory and storage supply pact with Micron Technology and appointing Matt VanKuiken as its new Chief Government Affairs Officer. Together, these moves address labor stability, secure critical semiconductor supply for future vehicles, and strengthen Ford’s policy influence around regulations central to its Ford+ plan. Next, we’ll...
In a direct push to secure America’s artificial intelligence hardware pipeline, U.S. Commerce Secretary Howard Lutnick has publicly pressured South Korean semiconductor giants Samsung Electronics and SK Hynix Inc. to construct local AI memory fabs. Speaking at a Micron Technology...
Michael Burry has been posting "The end is nigh" on his Substack. He quoted the Joker from Tim Burton's Batman: "Dancing with the devil in the pale moonlight." He called AI enthusiasm "mass addiction" and predicted it "may die a death by a thousand cuts." He shorted Micron at $1,051.87 on July 1 ...
The memory market is in the up phase of a powerful supercycle, and Micron and Sandisk could benefit from it for years.