MU Stock May Experience Significant Multiple Growth, RBC Reports Due to AI-Driven Memory Demand
RBC Capital analyst Srini Pajjuri has maintained an ‘Outperform’ rating for Micron, alongside a price target of $1,500. The firm believes that the demand for AI, especially from memory-heavy agentic AI applications, will continue to surpass the available memory supply. According to RBC, factors like HBM growth, limited clean-room facilities, and tight availability of EUV […]
Stock Market Update, Sept. 16: Intel Rises Due to Discussions with SK Hynix on Memory Chip Production
Intel (NASDAQ:INTC), a prominent semiconductor manufacturer, saw its stock close at $101.05, reflecting a 4.03% increase. This rise is largely attributed to ongoing discussions with SK Hynix (NASDAQ:SKHY) regarding the domestic production of its chips in the U.S. for the first time, along with upward revisions from analysts on price targets. Investors are particularly attentive […]
Final 9/11 attack site without a museum aims to educate those who lack firsthand memory of the events.
As we mark 25 years since the promise to “Never Forget,” the focus now shifts to education for over 100 million Americans who have no personal memory of 9/11. This weekend, the Pentagon plans to break ground on a long-awaited Visitor Education Center, positioned as the only site among the three attack locations yet to […]
Shortages of AI memory chips may lead to rising prices for consumer electronics.
AI Data Center Boom Impacting Consumer Electronics A recent policy report raises concerns that the surge in AI data centers could increase the prices of laptops, smartphones, and cars as chip manufacturers shift their focus toward more lucrative AI applications. This shift, according to the report published by the Abundance Institute, limits the availability of […]
David Tepper’s Appaloosa divests from AI memory stocks and increases investment in the Magnificent Seven during the second quarter.
David Tepper’s Appaloosa Management’s Q2 Moves David Tepper’s investment firm, Appaloosa Management, made significant investments in large technology stocks during the second quarter, while also parting ways with a previously high-performing memory chip manufacturer. A regulatory filing indicates that Tepper increased Appaloosa’s stake in Amazon by over 15%, bringing its total to nearly $1.2 billion. […]
Cisco Falls 9% and Stalls the Dow as the Nasdaq Rises. Shared Factor: Memory Chips.
It was quite a morning for Cisco Systems, recording impressive sales and profits, along with a significant $4 billion in AI orders. Yet, despite these achievements, the company’s stock price dropped by 9%. This mixed performance led to an uneven session on Wall Street. The Nasdaq Composite saw a 0.53% increase around noon, while the […]
Apple is trying out CXMT memory chips for iPhones and MacBooks during a shortage.
Cheryl Casson and Rob Summell discuss the news that Apple might be testing memory chips from CXMT, a Chinese manufacturer, for its iPhones and MacBooks. This comes as the Chinese government is investing significantly to compete with the United States in the realm of artificial intelligence. Recent reports suggest that Apple is experimenting with memory […]
Markets enjoy a peaceful weekend; Nvidia and SK Hynix reveal significant memory agreement
A view of wrecked buildings in an area affected by U.S. airstrikes during a military operation involving both the U.S. and Israel in Tehran, Iran, on July 21, 2026, amidst heightened tensions between Iran and the U.S. in southern Iran. Hello, I’m Hui Jie from Singapore. Thanks for tuning in to another edition of CNBC’s […]
Wall Street Expert Warns SK Hynix IPO May Saturate the Market. Here’s the Risk Beyond Memory Stocks.
Quick Read Micron saw its stock drop by 18% over a week, despite reporting record earnings. At the same time, SK Hynix’s $28 billion stock listing could impact NVIDIA negatively if financial institutions decide to liquidate both to redistribute their funds. Rivian’s drastic fall from $100 to $16—a staggering 83% decline—underscores a warning from Cramer […]
Naya Rivera’s former partner discusses how he and their son honor her memory six years after her tragic drowning.
Ryan Dorsey feels that Naya Rivera is watching over her son, Josey, who was just four when he witnessed his mother’s drowning in California’s Lake Piru six years ago. “He’s been taking piano lessons for a bit over a year now, and he’s really getting the hang of it. That’s the one thing I’ve connected […]