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Micron Technology Inc. (NASDAQ: MU ) is booking record profits from artificial intelligence. Yet the market still values it like a company at the top of a boom-and-bust cycle. Joseph DeYonker, founder and CEO of PurePlay ETFs, thinks Micron’s fiscal fourth-quarter results on Sept. 30 could start to close that gap. Why
Nvidia said soaring memory costs will push gross margin to 74% in the third quarter and 71%-72% in the fourth, down from 75% in the second quarter.
J.P. Morgan says AI data centers are absorbing more DRAM supply, which could lift memory prices, raise electronics costs and eventually push up retail prices for devices such as the iPhone.
U.S-listed shares of SK Hynix Inc (NASDAQ: SKHY ) fell over 6% to $141.55 a piece in premarket trading on Thursday amid global volatility in technology stocks. The stock briefly hit South Korea’s 30% daily limit-down in South Korea’s first alternative trading system, Nextrade ‘s premarket session, after only 11 shares
Seagate Technology Holdings plc (NASDAQ: STX ) spent much of July collapsing alongside the broader memory and storage complex, falling more than 30% from its June high as investors questioned whether the artificial intelligence infrastructure boom had already peaked. Now, the company is attempting to climb out of the w
SKHY expects AI investment to continue
Customers request more memory supply
Intel Corp. (NASDAQ: INTC ) stock gained in premarket trading on Friday after the chipmaker reported stronger-than-expected second-quarter results and issued third-quarter guidance above analyst estimates. Beats Estimates, Raises Outlook The chipmaker beat second-quarter expectations, with revenue rising 25% year over