Micron Technology (MU) briefly moved ahead of Meta Platforms (META) and Tesla (TSLA) in market capitalization on Thursday, after a strong outlook from the memory chipmaker extended its rally driven by artificial intelligence demand. Micron’s shares had surged 18.4% at $1,236, giving the company a market value of $1.398 trillion. This compared with Meta’s $1.392
Apple shares fell nearly 5% on Wednesday after the company raised prices of several Mac and iPad models, becoming one of the latest consumer technology companies to pass on soaring memory and storage costs driven by the artificial intelligence boom. The stock was down about 4.89% at the time of writing. The price increases mark
FedEx shares fell more than 7% in premarket trading on Wednesday as investors looked past better-than-expected quarterly earnings and focused on shrinking margins at the company’s core delivery business and the uncertainties created by its recent freight spinoff. The delivery giant recently separated its highly profitable trucking unit, FedEx Freight, as part of a strategy
Micron stock (NASDAQ: MU) reports fiscal third-quarter earnings after the US market close on Wednesday, and the options market has already marked the event as a potential shock. The stock has been one of the biggest AI winners of the year, with gains of more than 800% over the past 12 months and a market
Artificial intelligence investors are still crowding into Nvidia, Vertiv as the obvious hardware winners, but the next layer of the trade may be hiding in plain sight. As of June 24, 2026, the AI buildout is no longer just about chips. It needs power, storage, bandwidth and reliable baseload electricity. In other words, the market
Cerebras Systems CBRS shares tumbled about 10% in premarket trading on Wednesday after the artificial intelligence chipmaker forecast lower profit margins for 2026. The outlook overshadowed better-than-expected quarterly results and highlights the costs of scaling its rapidly growing AI infrastructure business. If losses hold, the stock is on track to trade at its lowest level
Meta Platforms (NASDAQ: META) stock has fallen sharply in recent months, sliding from its record high of $796 in August last year to $562. Although the decline has left the company looking increasingly undervalued, downside risks remain, and the stock could face further weakness in the near term. Meta Platforms stock price crashes amid AI
South Korean memory chip giant SK Hynix said on Wednesday that it plans to raise up to $29.4 billion through a US stock market listing, potentially marking the largest American Depositary Receipt offering ever and underscoring investor appetite for artificial intelligence-linked stocks. If completed at the upper end of the proposed range, the offering would
Wall Street indices opened higher on Wednesday as investors rotated back into beaten-down technology stocks and positioned ahead of key earnings from Micron Technology. The positive start follows two straight sessions of losses driven by concerns over AI-related spending and interest rates. The Dow Jones Industrial Average was up 67 points. While the S&P 500
The Roundhill Memory ETF (DRAM) stock price dropped sharply this week as investors waited for the financial results of one of its biggest constituent companies. It also reacted to a new report about SK Hynix, the second-biggest company in South Korea. It was trading at $70 on Wednesday, a few points above this week’s low