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Shares of electrical energy control systems manufacturer Powell (NYSE:POWL) jumped 5.8% in the morning session after investors piled into AI-infrastructure names following strong results from a peer, Micron, reignited confidence in the long-term build-out of data center power systems.
<body><p>STORY: Micron said on Wednesday customers such as Nvidia had committed $22 billion to lock in supplies of memory chips, playing up huge growth in five-year "take-or-pay" deals that require clients to either buy its chips or hand over cash.</p><p>The comments underscore the growing importance of memory chips in the artificial intelligence supply chain, where demand has surged alongside the need for greater computing power.</p><p>"What's different about Micron, SanDisk, Western Digital, those types of names that are doing so well, is that they're memory chips. You have to have memory specifically DRAM or H-band memory if you're going to have enough computing power to do all the computations. That is nothing If you don't have memory to transfer it from one place to another," said Mulberry.</p><p>That dynamic has helped fuel investor interest in memory-chip makers, particularly as AI-related demand continues to outpace available supply.</p><p>"So if I'm looking at sales trading at five times, but the demand went up by 12 times, this is actually still a good buying opportunity for a company like Micron."</p></body>
AI and semiconductor demand are driving optimism for Teradyne's business.
Micron Technology predicts that memory-chip shortages will persist until at least 2028. Micron stock jumped Thursday after its strong Q3 report.
Micron is looking to create a new business model that can withstand the old boom-and-bust memory chip cycle.
Market Domination Host Josh Lipton tracks several of the day's biggest stories and top trending stock tickers, including Microsoft shares (MSFT) falling to their lowest level in nearly three years, memory chip stocks rallying around Micron Technology's (MU) post-earnings gains, and Qualcomm's (QCOM) latest move into AI data center products.
US stocks (^DJI, ^IXIC, ^GSPC) search for direction ahead of Thursday's session close, while Micron Technology (MU) holds onto gains following its massive earnings beat yesterday. Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at the day's market moves, Big Tech stocks, and how Micron's stock gains may be impacting Apple (AAPL).
AI Memory Demand Looks Stronger Than Feared
AI Memory Demand Could Make This Cycle More Durable
AI Data Center Demand Supports Stronger NAND Pricing
Apple (NASDAQ:AAPL) just raised Mac and iPad prices by $100 to $300 depending on the device, and CNBC’s MacKenzie Sigalos framed the move as the first real crack in Apple’s pricing dam. “Those shares falling this morning as investors digest the company’s first real move to pass the AI memory crunch directly onto consumers,” she ... Apple Is Quietly Hiking Prices on Macs and iPads, and the iPhone Could Be Next
<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. </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>
Stock market leader Marvell Technology gets a lot of green in the IBD Stock Checklist due to strong fundamentals and price performance.
(Corrects day of the week in the last paragraph.) Micron Technology (MU) newly signed long-term c
SK Hynix Explodes After Massive Nasdaq Listing Plan and Micron Boost
Memory stocks just went from cyclical chip plays to AI-era essentials, and Bank of America’s Vivek Arya thinks the market is still pricing them like the old version. Speaking on CNBC the morning after Micron Technology (NASDAQ:MU) reported, BofA’s senior semiconductor analyst argued that “what we are witnessing is what I would call a structural ... BofA Says Micron Is Trading Under 10x Earnings and Wall Street Is Completely Missing the Story
AI Storage Surge Sends Sandisk Stock Flying After Citi Upgrade
Apple raises MacBook and iPad prices by $100 to $300 and leaves the door open to more increases
Yahoo Finance Senior Business Reporter Ines Ferre and Sevens Report Research Founder Tom Essaye break down Micron's (MU) earnings beat and stronger-than-expected guidance. They discuss how record revenue and growing demand for AI memory chips may boost confidence in the broader AI trade.
By Karen Roman Nextech3D.AI Corp. (OTCQX: NEXCF | CSE: NTAR | FSE: EP2) said fourth quarter total revenue soared 207% to $939,000 compared to the year prior. Gross profit grew 263% to reach $858,000 in the fourth quarter compared to the year prior, while gross margin reached 91.3% compared to 95% in the third quarter, […] The post Nextech3D.ai Q4 Revenue Jumps 207% as AI Platform Scales appeared first on ExecEdge.
Micron Technology (NASDAQ:MU) has climbed from roughly $127.60 a year ago to past $1,048 as the AI memory cycle accelerated. After a blowout fiscal Q3, our proprietary model says the easy money has already been made. Our 24/7 Wall St. price target for Micron is $889.73, implying 15.14% downside from the current $1,048.51 level. We ... Micron Hits New Highs, Here’s What Smart Investors Are Doing
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