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Micron overtakes Meta, Tesla in market value amid AI-driven demand
Reuters Videos51d agoneutralVIDEO
Micron overtakes Meta, Tesla in market value amid AI-driven demand

<body><p>STORY: :: Micron</p><p>Micron Technology briefly blew past the market value of Big Tech brethren Meta and Tesla for the first time ever on Thursday.</p><p>Micron's stock surge came a day after the memory chip maker - and major supplier to AI powerhouse Nvidia - forecast quarterly profit and revenue well above Wall Street's expectations.&nbsp;</p><p>:: Micron</p><p>The company's shares, which have more than tripled in value so far this year, at one point soared more than 19% on Thursday, giving Micron a market cap of about $1.4 trillion.</p><p>That's roughly ten times higher than Micron's market cap just one year ago.</p><p>The company is the only U.S.-based manufacturer of high bandwidth memory chips used alongside Nvidia's AI processors.</p><p>Micron in its earnings results on Wednesday said customers such as Nvidia had committed a total of $22 billion to lock in supplies of its memory chips.</p><p>That follows in the footsteps of similar deals made by Korean rivals SK Hynix and Samsung.</p><p>The agreements are key to winning over investors who have been wary of the AI boom's durability.</p><p>Earlier this week, memory stocks led a more than $1 trillion stock rout stoked in part by valuation concerns.</p><p>:: Archive</p><p>Micron's results, however, sparked a global chip stock rally on Thursday, as investors grew more confident about persistent demand and tightening supply.</p></body>

3 High-Growth Stocks to Buy and Hold for the Long Term in June
24/7 Wall St.51d agobullish
3 High-Growth Stocks to Buy and Hold for the Long Term in June

Mid-year is when serious investors stop trading the headlines and start thinking about the next decade. June 2026 has handed long-term buyers a useful gift: meaningful pullbacks in some of the most important AI platforms despite fundamentals that keep getting stronger. Three names stand out as platform-scale businesses already monetizing AI at scale, with runways ... 3 High-Growth Stocks to Buy and Hold for the Long Term in June

Microsoft Stock Is Having Its Worst Start to a Year Since the Dot-Com Crash
Barrons.com51d agobearish
Microsoft Stock Is Having Its Worst Start to a Year Since the Dot-Com Crash

Heading into Thursday’s session, Microsoft stock had fallen more than 24% in 2026, putting it on track for its steepest first-half decline since a nearly 32% drop in 2000, according to Dow Jones Market Data. For much of its history, Microsoft was best known as the pioneer behind the Windows operating system and wildly popular Office software. Microsoft seemed like an obvious early winner in AI: The company became OpenAI’s first major corporate backer through a $1 billion investment in 2019, aligning itself early on with one of the industry’s juggernauts.

Meta Tried to Silence Her. Now She’s Suing.
The Wall Street Journal51d agoneutral
Meta Tried to Silence Her. Now She’s Suing.

Sarah Wynn-Williams, a former Facebook policy executive, is suing Meta over its attempts to stop her from talking about her book, “Careless People,” a New York Times bestseller.

Nvidia Stock Slips Below $200, and the Competition Fears Are Growing
Barrons.com51d agoneutral
Nvidia Stock Slips Below $200, and the Competition Fears Are Growing

Nvidia was falling early Thursday after rising throughout premarket trading as initial semiconductor cheer from Micron earnings quickly reversed. Nvidia shares were down 2% at $2194.98 in early trading after Micron Technology blowout earnings. As Barron’s has written, Nvidia looked to be establishing a trading range with a floor of roughly $200, after breaking through that level in April.

Qualcomm Jumps 11%, Then Pulls Back Amid Meta Platforms Data Center Deal and Wave of Analyst Target Hikes
24/7 Wall St.51d agobullish
Qualcomm Jumps 11%, Then Pulls Back Amid Meta Platforms Data Center Deal and Wave of Analyst Target Hikes

Shares of Qualcomm (NASDAQ:QCOM) surged as much as 11% to $219 in early Thursday trading before retreating to $207, up 5% on the session. This volatile price action occurred after the chipmaker landed a marquee data center customer and watched price targets ratchet higher across the Street. The apparently fragile QCOM stock rally comes as ... Qualcomm Jumps 11%, Then Pulls Back Amid Meta Platforms Data Center Deal and Wave of Analyst Target Hikes

Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand
Reuters51d agoneutral
Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand

Micron Technology edged past the market valuation ‌of Meta Platforms and briefly ‌Tesla's for the first time on Thursday, ​after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were last up 18.4% ‌at $1,236, giving ⁠it a market capitalization of $1.398 trillion, compared with Meta's $1.392 ⁠trillion. Tesla had a market value stood of $1.4 trillion.

Bloomberg51d agoneutral
AI Demand Begins to Justify Massive Cost of Data-Center Buildout

(Bloomberg) -- Revenue from artificial intelligence has reached a tipping point, showing that the hundreds of billions of dollars tech companies are spending on it may be economically sustainable, according to a report from research firm Exponential View. Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s B

Micron Is the New Nvidia
Barrons.com51d agoneutral
Micron Is the New Nvidia

Qualcomm hikes sales target, big bank stress test results are out, Trump cancels housing bill signing, and more news to start your day.

Nvidia Stock Gains Even as AI Chip Competition Hots Up
Barrons.com51d agoneutral
Nvidia Stock Gains Even as AI Chip Competition Hots Up

Nvidia was rising early Thursday. The chip maker was benefiting from widespread semiconductor cheer, even as more options came onto the artificial-intelligence processor market. Nvidia shares were up 1.5% at $201.94 in premarket trading with chip stocks generally gaining after Micron Technology blowout earnings.