Micron Technology Inc. One of american leader in semiconductor devices, dynamic random-access memory, flash memory, USB flash drives, solid-state drives. vzphotos/iStock Editorial via Getty Images Micron Technology ( MU ) is a stock that I’ve had a very successful track record with. I covered it eight times in the 2021-2022 period, each time rating it a buy or a strong buy. This was long before th...
Micron Technology Inc. One of american leader in semiconductor devices, dynamic random-access memory, flash memory, USB flash drives, solid-state drives. vzphotos/iStock Editorial via Getty Images Micron Technology ( MU ) is a stock that I’ve had a very successful track record with. I covered it eight times in the 2021-2022 period, each time rating it a buy or a strong buy. This was long before the last 12 months’ massive rally, meaning that each one of those ratings was followed by over 1,000% gains. So, those who followed my Micron coverage in those days and held to today made out pretty well with their shares. Flash forward to today. A memory shortage combined with massive investment in data centers has sent prices of DRAM to unprecedented highs, leading to windfall profits for Micron. Investors, expecting the good times to keep rolling, have accordingly sent Micron stock to dizzying highs—at the time of this writing, the stock traded for $885 and was up 698% in the last 12 months (LTM). It’s been an impressive performance. Nevertheless, what goes up must come down eventually, and we are seeing clear signs that Micron is becoming overvalued. The company operates in a notoriously cyclical sector where earnings yesterday do not predict earnings tomorrow. The company's current growth boom is being driven by a massive memory shortage driven largely by spending on AI chips. As I will outline shortly, this shortage is unlikely to last long term, thanks in part to the cyclical nature of memory and in part to Chinese memory coming to the consumer segment of the market. There is no doubt that Micron has been doing well lately. If you look at Seeking Alpha Quant’s growth page for the stock, you will see that the company’s revenue, earnings, and cash flows have all exploded over the last 12 months. It’s been a great run. Micron growth grades (Seeking Alpha Quant) With all that being said, Micron has had great runs before. In the 1999-2002 dotcom boom and bust, the stock ran...
Micron Technology Inc. One of american leader in semiconductor devices, dynamic random-access memory, flash memory, USB flash drives, solid-state drives. vzphotos/iStock Editorial via Getty Images Micron Technology ( MU ) is a stock that I’ve had a very successful track record with. I covered it eight times in the 2021-2022 period, each time rating it a buy or a strong buy. This was long before th...
Micron Technology Inc. One of american leader in semiconductor devices, dynamic random-access memory, flash memory, USB flash drives, solid-state drives. vzphotos/iStock Editorial via Getty Images Micron Technology ( MU ) is a stock that I’ve had a very successful track record with. I covered it eight times in the 2021-2022 period, each time rating it a buy or a strong buy. This was long before the last 12 months’ massive rally, meaning that each one of those ratings was followed by over 1,000% gains. So, those who followed my Micron coverage in those days and held to today made out pretty well with their shares. Flash forward to today. A memory shortage combined with massive investment in data centers has sent prices of DRAM to unprecedented highs, leading to windfall profits for Micron. Investors, expecting the good times to keep rolling, have accordingly sent Micron stock to dizzying highs—at the time of this writing, the stock traded for $885 and was up 698% in the last 12 months (LTM). It’s been an impressive performance. Nevertheless, what goes up must come down eventually, and we are seeing clear signs that Micron is becoming overvalued. The company operates in a notoriously cyclical sector where earnings yesterday do not predict earnings tomorrow. The company's current growth boom is being driven by a massive memory shortage driven largely by spending on AI chips. As I will outline shortly, this shortage is unlikely to last long term, thanks in part to the cyclical nature of memory and in part to Chinese memory coming to the consumer segment of the market. There is no doubt that Micron has been doing well lately. If you look at Seeking Alpha Quant’s growth page for the stock, you will see that the company’s revenue, earnings, and cash flows have all exploded over the last 12 months. It’s been a great run. Micron growth grades (Seeking Alpha Quant) With all that being said, Micron has had great runs before. In the 1999-2002 dotcom boom and bust, the stock ran...
2026年6月10日，中国人民银行与国际清算银行在上海共同主办“应对全球金融不确定性——金融市场发展、投资策略与国际货币体系”高级别会议。中国人民银行行长潘功胜与国际清算银行总经理巴勃罗·埃尔南德斯·德科斯（Pablo Hernández de Cos)共同出席并主持会议，中国人民银行副行长宣昌能出席会议。来自巴西、阿根廷、印度尼西亚、沙特阿拉伯、卡塔尔、法国、德国、瑞士、英国等全球约30个国家和...
2026年6月10日，中国人民银行与国际清算银行在上海共同主办“应对全球金融不确定性——金融市场发展、投资策略与国际货币体系”高级别会议。中国人民银行行长潘功胜与国际清算银行总经理巴勃罗·埃尔南德斯·德科斯（Pablo Hernández de Cos)共同出席并主持会议，中国人民银行副行长宣昌能出席会议。来自巴西、阿根廷、印度尼西亚、沙特阿拉伯、卡塔尔、法国、德国、瑞士、英国等全球约30个国家和地区的中央银行行长或高级别代表参会。 会上，各方就全球宏观经济形势与金融市场发展、外汇市场走势与机构投资者资产配置策略、亚太地区金融市场机遇与新兴市场本币债券配置、全球外汇储备管理趋势与国际货币体系多元化等议题交换了意见。 潘功胜表示，近年来，中国金融市场持续稳定发展，对外开放成效显著。在全球经济面临地缘冲突和保护主义等多重挑战、国际货币体系多元化进程深化、全球金融市场波动加剧的背景下，中国金融市场的深度与广度为境外机构投资者提供了重要的多元化配置机遇。 国际清算银行总经理德科斯表示，当前全球经济金融环境面临地缘政治紧张、经济碎片化、债务水平高企与技术变革等多重挑战，不确定性显著上升，非银行金融机构的快速扩张也对金融稳定提出新的要求。在此背景下，国际合作对于维护全球金融体系的稳定至关重要。(央行)
Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.
Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.
Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.
Pinterest is adding support for Amazon Storefronts, allowing creators to earn affiliate commissions more easily while showcasing their product recommendations in one place.
(RTTNews) - Aluminium rolling giant Hindalco Industries Limited (HID.F) Wednesday announced that its aluminum solutions provider, Novelis Inc. has restarted its hot mill at Oswego, its New York facility.
(RTTNews) - Aluminium rolling giant Hindalco Industries Limited (HID.F) Wednesday announced that its aluminum solutions provider, Novelis Inc. has restarted its hot mill at Oswego, its New York facility.
Leveraged funds have amassed their largest-ever short position in SOFR futures, signaling growing conviction among hedge funds that U.S. interest rates will remain elevated longer than markets currently expect. According to Commodity Futures Trading Commission data highlighted by Bloomberg rates strategist Edward Bolingbroke, leveraged funds are now net short about 2.1M SOFR futures contracts—the ...
Leveraged funds have amassed their largest-ever short position in SOFR futures, signaling growing conviction among hedge funds that U.S. interest rates will remain elevated longer than markets currently expect. According to Commodity Futures Trading Commission data highlighted by Bloomberg rates strategist Edward Bolingbroke, leveraged funds are now net short about 2.1M SOFR futures contracts—the most extreme bearish positioning on record. The buildup accelerated ahead of recent payrolls data , pushing well beyond short levels seen throughout 2025 and earlier this year. The positioning may not be purely a directional macro bet. Bolingbroke noted that basis trade activity, as well as convexity hedging and outright views, are all likely contributing factors. May’s inflation data , which showed the Consumer Price Index accelerating to 4.2% from 3.8% in April, as expected, may have given traders additional reason to bet against near-term Fed rate cuts. The crowded nature of the trade presents its own risk, as any softer-than-expected inflation print might transform the higher-for-longer wager into a painful short squeeze. Edward Bolingbroke | Bloomberg More on iShares 20+ Year Treasury Bond ETF, iShares 1-3 Year Treasury Bond ETF, etc. The S&P 500 Is Lying To You, The Market Crashed A While Ago, And I Have The Receipts Downside Risks Rise As Tech Volatility Spikes Inflation Signal With 87% Hit Rate Is Flashing Again Warsh's first Fed meeting could be pivotal, Siegel says—CNBC interview U.S. economy defies Middle East war as reacceleration takes hold - TS Lombard
Ondas ( ONDS ) drew attention on Wednesday after the company launched "LADOS," its new Layered Autonomous Defense Operational C2 System, ahead of its official launch at Eurosatory 2026 in Paris. The shares initially climbed nearly 3% to $9.92 before turning lower later in the session. According to the company , LADOS serves as a unified command-and-control platform that connects sensors, drones, r...
Ondas ( ONDS ) drew attention on Wednesday after the company launched "LADOS," its new Layered Autonomous Defense Operational C2 System, ahead of its official launch at Eurosatory 2026 in Paris. The shares initially climbed nearly 3% to $9.92 before turning lower later in the session. According to the company , LADOS serves as a unified command-and-control platform that connects sensors, drones, robotic systems, and effectors into one operating environment for autonomous defense missions. Chairman and CEO Eric Brock said, "LADOS is designed to bridge that gap" by connecting Ondas' technologies into a mission-ready architecture capable of integrated operations across multiple domains. Sahy Boloor noted that LADOS, when paired with SkyWeaver, the Palantir Technologies ( PLTR )-powered AI layer, helps the company move beyond selling individual drone products toward a broader systems-of-systems defense platform. More on Ondas Ondas May Be Just Getting Started Ondas Inc. 2026 Q1 - Results - Earnings Call Presentation Ondas Inc. (ONDS) Q1 2026 Earnings Call Transcript Ondas sees rebound after weekly pullback on $4.8M maritime contract Most and least shorted tech stocks over $2B market cap as of May
J Studios/DigitalVision via Getty Images Highlights Despite a challenging investment environment in March, regional bank stocks modestly rose in the first quarter of 2026, benefiting from higher net interest margins, low credit costs, and healthy loan growth. The fund slightly underperformed in the first quarter, as weakness in diversified banks weighed on results; however, stock selection within ...
J Studios/DigitalVision via Getty Images Highlights Despite a challenging investment environment in March, regional bank stocks modestly rose in the first quarter of 2026, benefiting from higher net interest margins, low credit costs, and healthy loan growth. The fund slightly underperformed in the first quarter, as weakness in diversified banks weighed on results; however, stock selection within regional banks contributed to performance. As of March 31, banks remain solidly profitable amid strong capital and liquidity positions, as well as continued low credit costs. Barring a macroeconomic shock, perhaps driven by geopolitics, the portfolio management team believes the sector is currently well positioned. Market review and outlook Regional bank stocks gained modestly in Q1, outpacing the broader stock market. Earnings were strong during the quarter. Banks have benefited from higher net interest margins as various lower-rate loans have been repriced at higher current rates. Meanwhile, the industry further benefited from continued low credit costs and healthy loan growth. March, however, was a tough month for equities, including regional bank stocks, largely reflecting investors' worries about geopolitics, inflation, and interest rates. Further pressure stemmed from investors' growing demand for proof that heavy spending on AI could pay off, and their concern that AI tools might disrupt traditional technology models and strain the private credit industry. Looking ahead, as of March 31, banks continue to demonstrate solid profitability supported by strong capital and liquidity positions, while credit costs remain low. A more favorable regulatory environment has also contributed to a recent pickup in merger and acquisition activity. We expect a combination of net-interest-margin expansion and healthy loan growth to drive strong revenue results in the coming year. Meanwhile, on the credit side, underwriting remains disciplined, and credit costs are still benign. In sho...
In this article F Follow your favorite stocks CREATE FREE ACCOUNT Aluminum strips are ready for further processing in the finishing line at the Novelis plant in Nachterstedt. Novelis is a manufacturer of rolled aluminum products. Klaus-Dietmar Gabbert | Picture Alliance | Getty Images Novelis said on Wednesday it had restarted production at its Oswego, New York facility, a plant key to Ford 's F-...
In this article F Follow your favorite stocks CREATE FREE ACCOUNT Aluminum strips are ready for further processing in the finishing line at the Novelis plant in Nachterstedt. Novelis is a manufacturer of rolled aluminum products. Klaus-Dietmar Gabbert | Picture Alliance | Getty Images Novelis said on Wednesday it had restarted production at its Oswego, New York facility, a plant key to Ford 's F-150 pickup truck line, months after two fires halted operations. The aluminum supplier said it was working closely with customers to ramp up supply. While Novelis also supplies other automakers, including Stellantis and General Motors , Ford is a major consumer because its flagship F-series trucks largely use aluminum bodies. The fires spurred supply bottlenecks, which led Ford t o cut its 2025 profit forecast and flag a charge of up to $2 billion. "Restarting the Oswego hot mill is an important step forward for our operations and, most importantly, for our customers," Novelis CEO Steve Fisher said on Wednesday. Novelis had been leaning on plants in South Korea and Europe to make up for the downtime from the New York plant and support aluminum production. In May, India's Hindalco Industries , which owns Novelis, said the disruptions cost it roughly $437 million in the fourth-quarter. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Scott Barbour/Getty Images News Upside pressure on crude oil prices likely will continue beyond the Middle East war and remain a theme for the next 5-10 years as global demand continues to grow, Shell ( SHEL ) CEO Wael Sawan said Wednesday. Prices in the $60-$70/bbl range would keep the situation stable, but "prices are going to move up," Sawan told The Wall Street Journal 's Leadership Institute ...
Scott Barbour/Getty Images News Upside pressure on crude oil prices likely will continue beyond the Middle East war and remain a theme for the next 5-10 years as global demand continues to grow, Shell ( SHEL ) CEO Wael Sawan said Wednesday. Prices in the $60-$70/bbl range would keep the situation stable, but "prices are going to move up," Sawan told The Wall Street Journal 's Leadership Institute CEO Summit. "That's the story of 5-10 years [ahead]." Growing demand and rising prices could lead producers to pursue hydrocarbon resources that are currently uneconomic to explore, as "all the easy oil and gas has been found," the CEO also said. "For now, we have the ability to match the world's demand," Sawan said. "But that will get more challenged." Crude oil futures rose ~1.5% on Wednesday after President Trump said Iran has taken too long to negotiate a peace deal and will now have to " pay the price ." Front-month Nymex crude ( CL1:COM ) for July delivery up 1.7% to $89.76/bbl, and front-month Brent crude ( CO1:COM ) for August delivery up 1.3% to $92.65/bbl. Middle East t ensions have escalated, with the U.S. launching military strikes against Iran in retaliation for the downing of a U.S. Apache helicopter near the Strait of Hormuz, while Iran launched missile and drone strikes on U.S. allies in the region. Still, the flare-up in tensions has not caused a major oil price spike, Kathleen Brooks of XTB said in a note. "Markets are directionless... There is a lack of anxiety in the oil market right now, even though a peace deal is unlikely in the current scenario." ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( XLE ) More on Shell Shell: Turnaround Efforts Showed In The First Quarter Report Shell: Shrinking Reserves, Lackluster Growth, And An Overpriced Stock Shell: Portfolio Optimization And LNG Strength Balanced By Rising Risks (Downgrade)
Nvidia stock slipped again Wednesday, with a valuation currently lower than that of the benchmark S&P 500 index. The chip maker isn’t immune to the semiconductor sector’s woes, but its impressive cash returns mean it could eventually find a floor as a value stock. The stock is down 7.8% over the past month through Tuesday’s close, even though Nvidia posted a strong earnings report last month and s...
Nvidia stock slipped again Wednesday, with a valuation currently lower than that of the benchmark S&P 500 index. The chip maker isn’t immune to the semiconductor sector’s woes, but its impressive cash returns mean it could eventually find a floor as a value stock. The stock is down 7.8% over the past month through Tuesday’s close, even though Nvidia posted a strong earnings report last month and showed off new hardware at the Computex conference in Taiwan last week.
watch now VIDEO 8:28 08:28 NC Treasurer Brad Briner on why he's eyeing shares of SpaceX for the state's pension fund Squawk Box North Carolina State Treasurer Brad Briner said the year's hottest IPO is too expensive for his pension fund to own. Briner, who oversees roughly $200 billion for North Carolina's teachers, firefighters and police officers, said the state has invested heavily in artificia...
watch now VIDEO 8:28 08:28 NC Treasurer Brad Briner on why he's eyeing shares of SpaceX for the state's pension fund Squawk Box North Carolina State Treasurer Brad Briner said the year's hottest IPO is too expensive for his pension fund to own. Briner, who oversees roughly $200 billion for North Carolina's teachers, firefighters and police officers, said the state has invested heavily in artificial-intelligence startups OpenAI and Anthropic while avoiding a direct stake in SpaceX — expected to go public Friday — because of concerns that the Elon Musk-led company's $1.77 trillion valuation leaves little room for future gains. "There's been a pricing issue that we've been concerned about for the last year or so with SpaceX," Briner said on CNBC's " Squawk Box " Wednesday. "Elon Musk, an amazing entrepreneur, incredible technology to launch business, startling, et cetera. But at some point, things are fully priced. We're trying to make a high single digit, predictable rate of return for our retirees. And we've got to consider valuation when we do that. And so, certainly, SpaceX at $1.75 trillion is a big valuation." SpaceX is scheduled to price its IPO on Thursday and begin trading on Friday. The rocket maker plans to sell 555.6 million shares at $135 apiece, raising about $75 billion and valuing the aerospace company at roughly $1.8 trillion. Briner's comments underscore a growing debate among institutional investors as SpaceX prepares for what it's expected to be one of the largest initial public offerings in history. While many money managers view the company as a unique asset with dominant positions in rocket launches and satellite internet, other long-term investors are questioning whether today's valuation already reflects much of that optimism. The state treasurer has instead directed capital toward AI companies that he believes offer stronger risk-reward opportunities. North Carolina invested about $40 million in OpenAI and committed roughly $250 million to Ant...
Pimco Economist Tiffany Wilding doesn't expect the Federal Reserve to move its inflation target of 2%. She also thinks the Fed will drop its forward guidance at the next meeting. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Pimco Economist Tiffany Wilding doesn't expect the Federal Reserve to move its inflation target of 2%. She also thinks the Fed will drop its forward guidance at the next meeting. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)