Three factors could support further gains in Micron Technology NASDAQ:MU, according to analysts, including sustained AI-driven memory demand, long-term customer agreements and a valuation that some on Wall Street still views as attractive despite the stock's recent rally.Micron continues to benefit…
Three factors could support further gains in Micron Technology NASDAQ:MU, according to analysts, including sustained AI-driven memory demand, long-term customer agreements and a valuation that some on Wall Street still views as attractive despite the stock's recent rally.Micron continues to benefit…
Spotify NYSE:SPOT reportedly removed more than 500K streams from Malcolm Todd's Earrings after suspicious Kalshi betting activity raised questions about manipulation around its U.S. chart position.According to the Financial Times, U.S. streams of the indie-pop track jumped nearly 70% between Sunday…
Meta Platforms NASDAQ:META is discussing a potential agreement with Samsung Electronics' foundry business to design and manufacture next-generation MTIA artificial intelligence chips worth more than $6.5 billion.The report said the chips would be produced using Samsung's 2-nanometer process technol…
Micron Technology NASDAQ:MU remained in focus after HSBC said the chipmaker's latest quarterly results reinforce that artificial intelligence spending continues to support demand across the semiconductor industry, despite recent concerns about the broader AI trade.HSBC said Micron's earnings provid…
Meta Platforms NASDAQ:META slipped into a fresh AI reality check after CEO Mark Zuckerberg reportedly told employees that AI agent development has not accelerated in the way we expected over the past 4 months.According to Reuters, Zuckerberg made the comments during an internal town hall Thursday…
IQM NASDAQ:IQMX shares slipped in their first day of Nasdaq trading after the Finnish quantum computer maker completed its public listing in New York through a merger with a special-purpose acquisition company. The stock fell 3.4% to $12.97 in its debut, following a 24% jump to $13.42 on Wednesday…
Blackstone NYSE:BX said its private equity fund for wealthy individuals delivered its strongest-ever monthly performance in May, helped by its investment in AI company Anthropic. Class I shares in Blackstone Private Equity Strategies, known as BXPE, posted net returns of 4.3% in May, lifting year-t…
South Korean stocks staged a sharp rebound Friday as investors moved back into the market following a nearly 10% drop over the previous two sessions. The Kospi Index gained 5.8%, helped by strong rallies in Samsung Electronics (SSNLF) and SK Hynix (HXSCL), which both rose more than 8%. The move cam…
TotalEnergies NYSE:TTE is offering millions of barrels of Iraqi crude for prompt delivery into Asia, adding fresh supply pressure to a market already showing signs of heavy availability. Traders said the French oil major is marketing Basrah Medium and Basrah Heavy to refiners after shipping through…
Meta Platforms NASDAQ:META is reportedly weighing a $6.5 billion AI chip deal with Samsung Foundry, a move that could shift part of its MTIA roadmap away from Taiwan Semiconductor NYSE:TSM.Sedaily reported that Meta is in talks with Samsung Electronics (SSNLF) to design and produce next-generation…
Meta Platforms Inc. (META, Financials) may be preparing a major change in its AI chip strategy. The company is reportedly in talks with Samsung Electronics over a deal worth more than $6.5 billion to develop and manufacture its next-generation MTIA AI chips. South Korean financial publication Sedai…
Microsoft (MSFT, Financials) is setting up a new company to help large businesses make better use of AI after many struggled to turn early spending into clear returns.The new unit, called Microsoft Frontier Company, will begin with $2.5 billion in funding. Its first customers include Unilever and N…
Alphabet (GOOGL, Financials) and the FBI have helped disrupt a global malware network that relied on millions of compromised devices, marking another coordinated effort against large-scale cybercrime.The operation targeted infrastructure used to control infected devices and carry out online attacks…
Micron Technology NASDAQ:MU found itself in Michael Burry's crosshairs again after the famed The Big Short investor disclosed a new short position, arguing the memory chip maker's rally has become detached from fundamentals.In a post on Substack, Burry said he shorted Micron at $1,051.87 per share…
JPMorgan Chase NYSE:JPM lost its latest fight over Charlie Javice's legal bills after a Delaware judge ruled the bank must keep paying fees tied to its failed $175 million Frank acquisition.Bloomberg reported that JPMorgan had challenged about $10 million of the costs, arguing Javice and co-defenda…
