Micron US5951121038 Micron Technology shares have surged past the $400 threshold, setting new record highs as a wave of bullish analyst sentiment and drastically revised price projections for memory chips converge. The rally is primarily attributed to a significant supply-demand imbalance, with research firm TrendForce now forecasting a much steeper increase in DRAM prices than previously anticipa...
Micron US5951121038 Micron Technology shares have surged past the $400 threshold, setting new record highs as a wave of bullish analyst sentiment and drastically revised price projections for memory chips converge. The rally is primarily attributed to a significant supply-demand imbalance, with research firm TrendForce now forecasting a much steeper increase in DRAM prices than previously anticipated. A key catalyst for the recent momentum was an analysis released Monday by TrendForce. The market researchers have substantially raised their forecast for DRAM price increases in the current quarter. They now project a jump of 90% to 95% compared to the prior quarter, a sharp upward revision from their earlier estimate of 55% to 60%. Analysts cite persistently strong demand from the artificial intelligence and data center sectors as the core reason. The imbalance between supply and demand for memory components has intensified considerably. For Micron, a producer of both DRAM and High-Bandwidth Memory (HBM), this pricing power translates directly into higher profit margins. Wall Street Responds with Higher Price Targets This optimistic outlook has prompted several financial institutions to raise their valuations for Micron. Phillip Securities initiated coverage on the stock with a Buy recommendation and a price target of $500. Analyst Yik Ban Chong highlighted that Micron's HBM3E chips are now integrated into key AI accelerators, including Nvidia's Blackwell GPU and AMD's MI355 chip. Mizuho Securities followed suit, lifting its price target from $390 to $480 while maintaining an "Outperform" rating. The firm pointed to heightened revenue expectations for Micron's 2026 fiscal year, driven by customers seeking to secure their memory supply chains amid scarcity. Key Data Points TrendForce Forecast: DRAM prices expected to rise 90-95% this quarter. DRAM prices expected to rise 90-95% this quarter. Phillip Securities Target: $500 (Buy rating). $500 (Buy rating). Mizuho Target...
This article first appeared on GuruFocus. Tesla, Inc. (NASDAQ:TSLA) is reshuffling its U.S. lineup once again, launching a new all wheel drive version of the Model Y priced at $41,990 as it looks for ways to keep sales moving. The new variant slots neatly between Tesla's cheaper stripped down Model Y and its higher end trims. With all wheel drive but a mid range price tag, it gives buyers another ...
This article first appeared on GuruFocus. Tesla, Inc. (NASDAQ:TSLA) is reshuffling its U.S. lineup once again, launching a new all wheel drive version of the Model Y priced at $41,990 as it looks for ways to keep sales moving. The new variant slots neatly between Tesla's cheaper stripped down Model Y and its higher end trims. With all wheel drive but a mid range price tag, it gives buyers another option without pushing them into the more expensive versions, a clear attempt to widen the Model Y's appeal as the market gets more crowded. The timing isn't accidental. Tesla rolled out lower priced versions of the Model Y and Model 3 back in October, cutting about $5,000 off prior base prices after the Trump administration ended the $7,500 federal EV tax credit in late September. Since then, pricing flexibility has become a bigger lever for keeping demand steady. Tesla has been feeling the pressure. Fourth quarter deliveries fell 16% year over year to 418,227 vehicles, with U.S. sales taking a bigger hit amid tougher competition and shifting policy dynamics.
This article first appeared on GuruFocus. Amazon.com Inc. (AMZN, Financials) is preparing for another round of job cuts, this time affecting 2,200 corporate roles in Washington state, as part of its continued effort to streamline operations. Washington's Employment Security Department received a state mandated notification of the layoffs. They start April 28 and affect various sites. 401 positions...
This article first appeared on GuruFocus. Amazon.com Inc. (AMZN, Financials) is preparing for another round of job cuts, this time affecting 2,200 corporate roles in Washington state, as part of its continued effort to streamline operations. Washington's Employment Security Department received a state mandated notification of the layoffs. They start April 28 and affect various sites. 401 positions are affected by plant closures. Amazon disclosed 16,000 corporate job layoffs worldwide only weeks before, adding to 14,000 losses from October. Since becoming CEO in 2021, Andy Jassy has cut approximately 57,000 jobs through various restructurings. Jassi says the layoffs aren't prompted by financial hardship or AI, but by a desire to streamline the business and remove redundant management. You can weaken the ownership of people who are doing the actual work, Jassy said on a prior earnings conference, highlighting Amazon's ambition to operate like the world's largest start up. In its future earnings statement, the corporation will likely discuss AWS margins, e-commerce growth, and efficiency improvements.
US president to meet with Gustavo Petro weeks after threatening military action in the country Bill and Hillary Clinton agreed on Monday to testify in a House investigation into the convicted sex offender Jeffrey Epstein, days before the chamber was expected to vote to hold them in contempt of Congress. The concession follows a tense back-and-forth between the Clintons and the Republican James Com...
US president to meet with Gustavo Petro weeks after threatening military action in the country Bill and Hillary Clinton agreed on Monday to testify in a House investigation into the convicted sex offender Jeffrey Epstein, days before the chamber was expected to vote to hold them in contempt of Congress. The concession follows a tense back-and-forth between the Clintons and the Republican James Comer, chair of the House oversight committee, who on Monday said that he would insist both Clintons sit for a sworn deposition before the committee in order to fulfill the panel’s subpoenas. Grammys host Trevor Noah has been threatened with legal action by Donald Trump for a joke during Sunday’s awards ceremony about the president’s connection to the disgraced late financier and sex offender Jeffrey Epstein . A US disaster response firm submitted a plan to White House officials that would guarantee 300% profits and a seven-year monopoly over a new trucking and logistics plan for Donald Trump’s board of peace in Gaza , according to a November proposal obtained by the Guardian. The homeland security secretary, Kristi Noem, said that all federal agents in Minneapolis will immediately begin wearing body cameras and that the program will be expanded nationwide “as funding is available”. Iran’s top diplomat has said the government is ready for negotiations with the US as the two countries reportedly prepared to send top envoys to Istanbul for high-stakes talks on the Iranian nuclear programme later this week. Donald Trump has been accused of “corruption, plain and simple” after it was revealed that a member of the Emirati royal family was behind a $500m investment into the Trump family’s cryptocurrency company. Immediately after a US border patrol agent shot two people in Oregon last month, the Department of Homeland Security (DHS) said the targets were “vicious” gang members connected to a prior shooting and alleged they had “attempted to run over” officers with their vehicle. Con...
(RTTNews) - Food and beverage giant PepsiCo, Inc. reported Tuesday higher profit and revenues in its fourth quarter, above market estimates. Further, the company maintained its fiscal 2026 outlook, expecting growth, lifted its dividend, and also announced up to $10 billion share buyback program. In the pre-market activity on the Nasdaq, the shares were losing around 0.8 percent to trade at $153.90...
(RTTNews) - Food and beverage giant PepsiCo, Inc. reported Tuesday higher profit and revenues in its fourth quarter, above market estimates. Further, the company maintained its fiscal 2026 outlook, expecting growth, lifted its dividend, and also announced up to $10 billion share buyback program. In the pre-market activity on the Nasdaq, the shares were losing around 0.8 percent to trade at $153.90. Chairman and CEO Ramon Laguarta stated, "For fiscal 2026, we aim to accelerate growth by restaging large, global brands, introducing an expansive set of product innovation in emerging and functional spaces, and offering sharper value to address consumer affordability dynamics. We also aim to deliver a record year of productivity savings which will help fund investments to accelerate growth. As a result, we expect North America's business performance to improve and the International business to remain resilient this year." Looking ahead for fiscal 2026, the company continues to expect organic revenue to increase between 2 and 4 percent and core constant currency earnings per share to increase between 4 and 6 percent. Further, the company announced a 4 percent increase in its annualized dividend to $5.92 per share from $5.69 per share, effective with the dividend expected to be paid in June 2026. Pepsi also announced a new share repurchase program of up to $10 billion of common stock through February 28, 2030. In the fourth quarter, net income attributable to PepsiCo climbed to $2.54 billion from last year's $1.52 billion, Earnings per share grew 68 percent to $1.85 from $1.11 a year ago. Core earnings per share were $2.26, compared to $1.96 last year. The Wall Street analysts on average expected the company to report earnings of $2.24 per share. Analysts' estimates typically exclude special items. Net revenue for the quarter grew 5.6 percent to $29.34 billion from prior year's $27.78 billion with growth in all regions. Organic revenue increased 2.1%. The Street was looking...
March Nasdaq 100 E-Mini futures ( NQH26 ) are trending up +0.41% this morning as forecast-beating quarterly results and guidance from Palantir Technologies boosted sentiment. Palantir Technologies ( PLTR ) surged over +11% in pre-market trading after the data analytics company posted upbeat Q4 results as well as issued Q1 and FY26 revenue guidance that smashed Wall Street expectations. Also aiding...
March Nasdaq 100 E-Mini futures ( NQH26 ) are trending up +0.41% this morning as forecast-beating quarterly results and guidance from Palantir Technologies boosted sentiment. Palantir Technologies ( PLTR ) surged over +11% in pre-market trading after the data analytics company posted upbeat Q4 results as well as issued Q1 and FY26 revenue guidance that smashed Wall Street expectations. Also aiding sentiment, precious metals rebounded after a historic two-day selloff, with gold jumping more than +5% to move back above $4,900. Investors now await a fresh batch of corporate earnings reports and remarks from Federal Reserve officials. In yesterday’s trading session, Wall Street’s main stock indexes closed higher. Sandisk ( SNDK ) surged over +15% and was the top percentage gainer on the S&P 500 after CTBC Securities Investment Service Co. Ltd. initiated coverage of the stock with a Buy rating and a price target of $660. Also, chip stocks advanced, with Micron Technology ( MU ) and Intel ( INTC ) climbing more than +5%. In addition, Teradyne ( TER ) rose over +3% after Alethia Capital Limited initiated coverage of the stock with a Buy rating and $400 price target. On the bearish side, Walt Disney ( DIS ) slumped more than -7% and was the top percentage loser on the Dow after several analysts said the company’s Q2 guidance was disappointing. Economic data released on Monday showed that the U.S. January ISM manufacturing index rose to 52.6, the highest since August 2022. Economists had forecast the figure would rise to 48.5. “Manufacturing activity seems to be emerging from a cold winter,” said Brian Jacobsen at Annex Wealth Management. “We’ve seen signs of life before, only for manufacturing to dip again, but with new orders growing, maybe this revival is real.” Following the manufacturing data, traders slightly pared expectations for Fed rate cuts. U.S. rate futures have priced in a 91.0% probability of no rate change and a 9.0% chance of a 25 basis point rate cut at the...
March Nasdaq 100 E-Mini futures ( NQH26 ) are trending up +0.41% this morning as forecast-beating quarterly results and guidance from Palantir Technologies boosted sentiment. Palantir Technologies ( PLTR ) surged over +11% in pre-market trading after the data analytics company posted upbeat Q4 results as well as issued Q1 and FY26 revenue guidance that smashed Wall Street expectations. Also aiding...
March Nasdaq 100 E-Mini futures ( NQH26 ) are trending up +0.41% this morning as forecast-beating quarterly results and guidance from Palantir Technologies boosted sentiment. Palantir Technologies ( PLTR ) surged over +11% in pre-market trading after the data analytics company posted upbeat Q4 results as well as issued Q1 and FY26 revenue guidance that smashed Wall Street expectations. Also aiding sentiment, precious metals rebounded after a historic two-day selloff, with gold jumping more than +5% to move back above $4,900. Investors now await a fresh batch of corporate earnings reports and remarks from Federal Reserve officials. In yesterday’s trading session, Wall Street’s main stock indexes closed higher. Sandisk ( SNDK ) surged over +15% and was the top percentage gainer on the S&P 500 after CTBC Securities Investment Service Co. Ltd. initiated coverage of the stock with a Buy rating and a price target of $660. Also, chip stocks advanced, with Micron Technology ( MU ) and Intel ( INTC ) climbing more than +5%. In addition, Teradyne ( TER ) rose over +3% after Alethia Capital Limited initiated coverage of the stock with a Buy rating and $400 price target. On the bearish side, Walt Disney ( DIS ) slumped more than -7% and was the top percentage loser on the Dow after several analysts said the company’s Q2 guidance was disappointing. Economic data released on Monday showed that the U.S. January ISM manufacturing index rose to 52.6, the highest since August 2022. Economists had forecast the figure would rise to 48.5. “Manufacturing activity seems to be emerging from a cold winter,” said Brian Jacobsen at Annex Wealth Management. “We’ve seen signs of life before, only for manufacturing to dip again, but with new orders growing, maybe this revival is real.” Following the manufacturing data, traders slightly pared expectations for Fed rate cuts. U.S. rate futures have priced in a 91.0% probability of no rate change and a 9.0% chance of a 25 basis point rate cut at the...
*Other Operating Data Consensus Source: Bloomberg More on Pepsico PepsiCo: A Blue-Chip Dividend Aristocrat And Dividend King Ripe For Picking PepsiCo Vs. Coca-Cola: Battle Of The Low Beta Beverage Stocks PepsiCo: The Company Is Reaching A Reckoning Point Pepsico Non-GAAP EPS of $2.26 beats by $0.02, revenue of $29.34B beats by $370M PepsiCo Q4 earnings on deck: What to expect
*Other Operating Data Consensus Source: Bloomberg More on Pepsico PepsiCo: A Blue-Chip Dividend Aristocrat And Dividend King Ripe For Picking PepsiCo Vs. Coca-Cola: Battle Of The Low Beta Beverage Stocks PepsiCo: The Company Is Reaching A Reckoning Point Pepsico Non-GAAP EPS of $2.26 beats by $0.02, revenue of $29.34B beats by $370M PepsiCo Q4 earnings on deck: What to expect
More than 1,000 residential buildings in Kyiv were without heating on Tuesday after a massive Russian air attack during one of the coldest nights of the winter, with temperatures in the capital falling to -20C. Overnight the Kremlin fired 450 attack drones and more than 70 missiles across the country. The strikes caused damage in five Kyiv districts and injured at least nine people. Flames consume...
More than 1,000 residential buildings in Kyiv were without heating on Tuesday after a massive Russian air attack during one of the coldest nights of the winter, with temperatures in the capital falling to -20C. Overnight the Kremlin fired 450 attack drones and more than 70 missiles across the country. The strikes caused damage in five Kyiv districts and injured at least nine people. Flames consumed an apartment on the upper floors of a Kyiv building. An air raid alert stayed in effect for more than five hours. Residents reported a series of loud explosions beginning around 1am. Ukraine’s leader, Volodymyr Zelenskyy, said the cynical attacks showed Vladimir Putin was uninterested in peace, before the latest round of talks on Wednesday and Thursday in Abu Dhabi between Russia, Ukraine and the US. “Taking advantage of the coldest days of winter to terrorise people is more important to Russia than turning to diplomacy,” Zelenskyy said. He called on western partners to step up the supply of missiles for air defence systems in order to protect “normal life”. View image in fullscreen An apartment building hit by a Russian drone strike in Kyiv. Photograph: Valentyn Ogirenko/Reuters “Without pressure on Russia, this war will not end. Now Moscow is choosing terror and escalation, and that’s why maximum pressure is needed,” he wrote on social media. Last Thursday Donald Trump said he had made a personal request to the Russian president to stop hitting Kyiv and “various towns” “for a week” because of the exceptionally cold weather. “He agreed to do that. And I have to tell you I was very nice,” Trump said. The Kremlin announced the truce would last only until Sunday. According to Ukraine, Russia continued to fire during this period. Among the infrastructure hit overnight were facilities to heat water for distribution to Ukrainian homes. “Hundreds of thousands of families, including children, were deliberately left without heating during the harshest winter conditions, with temp...
The son of Norway’s crown princess has pleaded not guilty to four counts of rape on the first day of his trial for multiple offences, a legal saga that has embarrassed the royal family and raised questions over domestic abuse in Norway. Appearing in front of a packed courtroom at Oslo district court on Tuesday morning, Marius Borg Høiby also denied charges including abuse in close relationships an...
The son of Norway’s crown princess has pleaded not guilty to four counts of rape on the first day of his trial for multiple offences, a legal saga that has embarrassed the royal family and raised questions over domestic abuse in Norway. Appearing in front of a packed courtroom at Oslo district court on Tuesday morning, Marius Borg Høiby also denied charges including abuse in close relationships and filming women’s genitals without their knowledge. Høiby, 29, pleaded guilty to charges including sexually offensive behaviour, a serious drug offence, violation of a restraining order and several driving-related offences. He pleaded partially guilty to serious bodily harm, reckless behaviour and violation of a restraining order. His pleas for two of the charges, bodily injury and two cases of damage, were inaudible. He faces 38 charges in total. The lead prosecutor, Sturla Henriksbø, said that despite Høiby’s status there should be “equality before the law”. “The defendant is the son of the crown princess. He is part of the royal family. He should still be treated equally like any other person charged with the same offences. He should not be treated more severely or more leniently because of those with whom he is related,” Henriksbø told the court. View image in fullscreen The lead prosecutor, Sturla Henriksbø (right), in court on Tuesday. He said that despite Høiby’s status there should be ‘equality before the law’. Photograph: Ole Berg-Rusten/Reuters He added: “There is no requirement for a prosecution request from the victims. It is society’s responsibility to prosecute serious crimes, regardless of whether the victim themselves wants it. In several of these cases, it is not the victim who has come to the police and said ‘I have been subjected to something criminal’.” Wearing a brown woollen jumper with a white shirt underneath, Høiby sat between his defence lawyers in court. Although not a formal member of the royal family, he was thrust into the spotlight as a young ...
As UBS consolidates its Hong Kong operations in West Kowloon to deepen mainland-linked growth, it does so at a time when Hong Kong’s office market is showing tentative signs of recovery in prime districts such as Central. The consolidation is set to release office space in Central, contributing to a reshaping of demand as hedge funds and other financial firms take up space vacated by banks. The Sw...
As UBS consolidates its Hong Kong operations in West Kowloon to deepen mainland-linked growth, it does so at a time when Hong Kong’s office market is showing tentative signs of recovery in prime districts such as Central. The consolidation is set to release office space in Central, contributing to a reshaping of demand as hedge funds and other financial firms take up space vacated by banks. The Swiss bank on Tuesday marked the handover of UBS Tower at the International Gateway Centre (IGC), a 14-storey, 460,000 sq ft grade A office building developed by Sun Hung Kai Properties above the West Kowloon high-speed rail station. Advertisement UBS plans to begin moving into the building from the fourth quarter, bringing together staff currently spread across five offices, including Two IFC and One Peking Road. While the move is a high-profile endorsement of the project, IGC also adds a substantial block of new space to a market still grappling with elevated vacancy, increasing near-term pressure even as leasing activity improves in core locations. Advertisement “This is a new chapter,” said Amy Lo, chairman of UBS Global Wealth Management Asia and CEO of UBS Hong Kong.