Maddie Meyer/Getty Images News Moderna ( MRNA ) announced on Tuesday it will deliver its respiratory vaccines to Mexico as part of a five-year agreement with the country's government aimed at improving local manufacturing capacity. The deal also enables the Cambridge, Massachusetts-based biotech to facilitate technology transfer to Laboratorios Liomont, a Mexican pharmaceutical company, to produce...
Maddie Meyer/Getty Images News Moderna ( MRNA ) announced on Tuesday it will deliver its respiratory vaccines to Mexico as part of a five-year agreement with the country's government aimed at improving local manufacturing capacity. The deal also enables the Cambridge, Massachusetts-based biotech to facilitate technology transfer to Laboratorios Liomont, a Mexican pharmaceutical company, to produce its COVID-19 vaccine, mRNA-1273, domestically. The company disclosed the signing of a Memorandum of Understanding with the Mexican Government, pharmaceutical manufacturing company Laboratorios de Biológicos y Reactivos de Mexico, and Liomont in this regard. Under the deal, Moderna ( MRNA ) will collaborate with the Mexican Government on local clinical research and development programs aligned with national health priorities and work to boost the country's pandemic preparedness. "Through this agreement, we will be able to provide the Mexican people with access to our respiratory vaccines and critical pandemic response capacity," said CEO Stéphane Bancel, adding, "This collaboration also reflects the growing demand for these vaccines in Mexico.” More on Moderna Moderna: Analyzing The January Rally And The Road Ahead (Rating Upgrade) Moderna Vs. Novavax: 2 Pandemic Vaccine Pioneers - Which Offers Better Value Today? Moderna: V940/Keytruda Data And Vaccine Revenues Drive A High-Risk Recovery Story Earnings week ahead: F, KO, CSCO, SHOP, MCD, BP, AMAT, COIN, MRNA, ROKU, and more Arbutus jumps on ruling in patent dispute with Moderna
U.S. House Speaker Mike Johnson (R-La.) speaks with reporters as the House votes to end the partial government shutdown on Capitol Hill in Washington, D.C., U.S., Feb. 3, 2026. Kylie Cooper | Reuters House Republican leaders are in danger of an embarrassing loss on a procedural vote Tuesday because fellow GOP lawmakers are balking at voting to block challenges to President Donald Trump' s tariffs ...
U.S. House Speaker Mike Johnson (R-La.) speaks with reporters as the House votes to end the partial government shutdown on Capitol Hill in Washington, D.C., U.S., Feb. 3, 2026. Kylie Cooper | Reuters House Republican leaders are in danger of an embarrassing loss on a procedural vote Tuesday because fellow GOP lawmakers are balking at voting to block challenges to President Donald Trump' s tariffs through the summer. A potential GOP rebellion on the vote highlights divisions among House Republicans, a dynamic that could make it even harder for Speaker Mike Johnson , R-La., to advance his and Trump's agenda through a narrowly divided Congress. Dissatisfied factions within the House GOP have revolted several times this Congress, forcing the release of files related to sex offender Jeffrey Epstein and supporting a failed Democratic effort to extended Obamacare subsidies. Johnson cannot afford to lose more than one Republican, assuming all members are present and Democrats are united against the measure being voted on that would set the rules for debating a bill to boost domestic production of critical minerals . At least two Republicans said they plan to vote against Johnson. Rep. Thomas Massie, R-Ky., a perennial thorn in the side of GOP leadership, has vowed to vote "no." Others have similarly signaled their opposition, as frustration over Trump's tariffs and leadership's maneuvering percolates within the Republican ranks. Rep. Kevin Kiley, R-Calif., told CNBC on Tuesday he objects to "this idea that everyone needs to stick together to bring a particular bill on the floor" because it makes the House "less of a democratic body." Read more CNBC politics coverage EPA set to revoke ‘endangerment finding’ that underpins all climate regulation Trump Commerce Sec. Lutnick admits visiting Epstein island during family vacation GOP Sen. Johnson slams Dems’ ‘obnoxious’ judicial warrant demand as another shutdown looms d The vote was originally slated for early afternoon, but Hou...
Magdalena Wygralak McDonald's Corporation ( MCD ) will report its results for the fourth quarter on Wednesday, after market close. Wall Street expects the fast-food chain to post earnings per share of $3.05, implying a rise of 7.8% on a revenue of $6.84 billion, representing year-over-year growth of about 7%. McDonald’s is heading into its quarterly results against a mixed operating backdrop marke...
Magdalena Wygralak McDonald's Corporation ( MCD ) will report its results for the fourth quarter on Wednesday, after market close. Wall Street expects the fast-food chain to post earnings per share of $3.05, implying a rise of 7.8% on a revenue of $6.84 billion, representing year-over-year growth of about 7%. McDonald’s is heading into its quarterly results against a mixed operating backdrop marked by resilient demand for value offerings but persistent macro and cost pressures. The company continues to face weaker traffic among lower-income consumers amid ongoing inflation , while discounting, promotions and menu innovation have supported sales but weighed on margins alongside restructuring and rising input costs such as beef . Signs of anti-American sentiment and softer demand in certain markets, even as value positioning helps quick-service chains capture trade-down spending. In India, the local franchisee is pushing faster delivery to revive same-store sales in a competitive environment with elevated expenses. Together, recent developments point to steady top-line support from pricing, promotions and convenience initiatives, offset by demand softness at the low end and cost headwinds across key markets. According to Alpha’s Quant Rating system, MCD is rated Hold with an overall score of 3.21 out of 5, reflecting an A+ grade in terms of profitability but has a D- in terms of valuation. An analyst said McDonald’s outlook hinges on pricing-led growth and cash flow durability, noting that “revenue growth is expected to be ticket-driven, not volume-led, as lower-income consumer traffic remains pressured,” and adding that “cash conversion is the critical variable.” Over the last two years, MCD has beaten EPS estimates 50% of the time and has beaten revenue estimates 50% of the time. Over the past three months, EPS estimates have seen 15 upward revisions and 10 downward revisions. Revenue estimates have seen 17 upward revisions and three downward moves. More on Corebrid...
Secondaries firm Coller Capital closed a deal to extend the life of an Ares Management Corp. private credit portfolio, amassing more than $1.3 billion in total commitments. The deal will transfer a 2018-vintage portfolio of first-lien, floating-rate loans to sponsor-backed middle-market companies into a new continuation vehicle that will continue to be managed by Ares, according to a statement Tue...
Secondaries firm Coller Capital closed a deal to extend the life of an Ares Management Corp. private credit portfolio, amassing more than $1.3 billion in total commitments. The deal will transfer a 2018-vintage portfolio of first-lien, floating-rate loans to sponsor-backed middle-market companies into a new continuation vehicle that will continue to be managed by Ares, according to a statement Tuesday. Continuation funds allow investors to roll over their investments, and have become an increasingly popular way for buyout firms to avoid selling assets at a discount. The market for such secondhand stakes has become one of private credit’s fastest-growing segments. The credit secondaries market nearly doubled in 2025, with annual transaction volume reaching $20 billion — up from the $10.9 billion tally recorded in 2024, according to Evercore. Read Going Private: Tariff Tumult to Fuel Secondaries Boom Swedish private equity firm EQT AB is buying Coller in a $3.2 billion deal to expand its reach into the secondaries market. The deal is expected to close in the third quarter. Back in August, Coller linked up with middle-market direct lender TPG Twin Brook Capital Partners to establish a $3 billion continuation fund. In December, Pantheon looked to raise at least $6 billion across two credit secondaries funds and a new evergreen vehicle, which preceded a debut private credit secondaries strategy in January from Ares, which collected $7.1 billion. “Continuation vehicles are becoming an increasingly important tool, enabling managers to offer LPs liquidity as well as exposure to well-performing assets,” said Edward Goldstein , chief investment officer of Coller Credit Secondaries.
Nvidia stock wasn’t doing all that much on Tuesday as the chip maker continues to struggle within a trading range. Nvidia shares were down 0.2% at $189.76 on Tuesday after rising 2.5% on Monday. Nvidia’s main supplier Taiwan Semiconductor Manufacturing reported a 37% rise in its January revenue from the same period last year.
Nvidia stock wasn’t doing all that much on Tuesday as the chip maker continues to struggle within a trading range. Nvidia shares were down 0.2% at $189.76 on Tuesday after rising 2.5% on Monday. Nvidia’s main supplier Taiwan Semiconductor Manufacturing reported a 37% rise in its January revenue from the same period last year.
The Avantis All Equity Markets ETF is seeing unusually high volume in afternoon trading Tuesday, with over 185,000 shares traded versus three month average volume of about 34,000. Shares of AVGE were up about 0.1% on the day. Components of that ETF with the highest volume on Tuesday were Avantis International Equity ETF, trading up about 0.4% with over 594,000 shares changing hands so far this ses...
The Avantis All Equity Markets ETF is seeing unusually high volume in afternoon trading Tuesday, with over 185,000 shares traded versus three month average volume of about 34,000. Shares of AVGE were up about 0.1% on the day. Components of that ETF with the highest volume on Tuesday were Avantis International Equity ETF, trading up about 0.4% with over 594,000 shares changing hands so far this session, and Avantis Emerging Markets Equity ETF, up about 0.1% on volume of over 480,000 shares. Avantis International Small Cap Value ETF is the component faring the best Tuesday, up by about 1.1% on the day, while Avantis U.S. Large Cap Value ETF is lagging other components of the Avantis All Equity Markets ETF, trading lower by about 0.2%. VIDEO: Tuesday's ETF with Unusual Volume: AVGE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
watch now VIDEO 3:53 03:53 Securing a low credit card rate: Here's what consumers should know Squawk Box Americans ended 2025 more in debt than ever before. Credit card balances hit a fresh high in the fourth quarter, rising by $44 billion to $1.28 trillion, according to a new report on household debt by the Federal Reserve Bank of New York released Tuesday. That's a 5.5% jump from a year earlier....
watch now VIDEO 3:53 03:53 Securing a low credit card rate: Here's what consumers should know Squawk Box Americans ended 2025 more in debt than ever before. Credit card balances hit a fresh high in the fourth quarter, rising by $44 billion to $1.28 trillion, according to a new report on household debt by the Federal Reserve Bank of New York released Tuesday. That's a 5.5% jump from a year earlier. The central bank's monthly Survey of Consumer Expectations , released Monday, also found that fewer consumers expect their households' financial situations to be better off a year from now — and a larger share expect to be worse off. 'Evidence consistent with a K-shaped economy' Julpo | E+ | Getty Images Near the end of the year, credit card debt often ticks higher as consumers increase their spending during the peak holiday shopping season. "Given what we are seeing in the labor market, spending is holding up quite well," the New York Fed researchers said on a press call Tuesday. Even as the job market shows signs of strain , consumer spending has largely stayed strong. However, that has been attributed to robust buying by higher-end consumers , other research shows. "You see evidence consistent with a 'K-shaped' economy," the New York Fed researchers said. "Some groups are really struggling." Read more CNBC personal finance coverage Credit card debt tops $1.28 trillion, consistent with 'K-shaped' economy: NY Fed How affordability led to a chasm between stock prices, consumer optimism Student loan complaints at record high, CFPB finds, but agency omits details Following Super Bowl ad, Trump accounts launch a new sign-up option Some student loan borrowers wait over a year for public servant debt forgiveness Trump's 'big beautiful bill' may spur the rise of 'un-college,' experts say First the quarter zip, now a '401(k) mullet' — what trends say about the economy How Trump's child tax credit changes could impact your refund this season Some older Americans are 'unretiring' t...
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting...
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $101K by Jacques Chappuis, Executive Vice President at Prudential Financial Inc (Symbol: PRU). Purchased Insider Title Shares Price/Share Value 02/06/2026 Jacques Chappuis Executive Vice President 1,000 $100.97 $100,970.00 Chappuis's average cost works out to $100.97/share. Shares of Prudential Financial Inc were changing hands at $103.31 at last check, trading up about 1.3% on Tuesday. The chart below shows the one year performance of PRU shares, versus its 200 day moving average: Looking at the chart above, PRU's low point in its 52 week range is $90.38 per share, with $119.76 as the 52 week high point — that compares with a last trade of $103.31. The current annualized dividend paid by Prudential Financial Inc is $5.6/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 02/17/2026. Below is a long-term dividend history chart for PRU, which can be of good help in judging whether the most recent dividend with approx. 5.5% annualized yield is likely to continue. Click here to find out which other top insider buys by the ''top brass'' you need to know about » Also see: GATX Average Annual Return HYDI Insider Buying BXMT Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
"Following his conviction any contact was extremely limited and I have not seen or spoken to him in years. Twice I was at events organised by other people, which he attended, and once I saw him to check on his welfare after concerns were raised through others."
"Following his conviction any contact was extremely limited and I have not seen or spoken to him in years. Twice I was at events organised by other people, which he attended, and once I saw him to check on his welfare after concerns were raised through others."
Earnings Call Insights: Axalta Coating Systems Ltd. (AXTA) Q4 2025 Management View CEO Chrishan Anthon Villavarayan reported "another period of strong operational execution, solid margin performance and record cash generation." He noted net sales of approximately $1.3 billion, adjusted EBITDA of $272 million with a 21.5% margin, and adjusted diluted EPS of $0.59. Villavarayan highlighted, "This ma...
Earnings Call Insights: Axalta Coating Systems Ltd. (AXTA) Q4 2025 Management View CEO Chrishan Anthon Villavarayan reported "another period of strong operational execution, solid margin performance and record cash generation." He noted net sales of approximately $1.3 billion, adjusted EBITDA of $272 million with a 21.5% margin, and adjusted diluted EPS of $0.59. Villavarayan highlighted, "This marks our seventh consecutive quarter at or above our A Plan margin target of 21%, underscoring the strength of our commercial discipline, pricing actions and cost management." Villavarayan emphasized record annual financial performance, with adjusted EBITDA of $1.13 billion, margins expanding over 500 basis points to 22%, and adjusted diluted EPS up about 55% since 2022. "Free cash flow came in at $466 million, an increase of over $300 million compared to 2022. These are exceptional results that highlight our strongest financial performance on record." Key operational achievements included $300 million in variable cost reductions, over 6% reduction in fixed expenses, and $196 million in CapEx investment. The company added over 2,800 net new body shops in Refinish and secured $60 million in net new wins in Mobility Coatings. The proposed merger of equals with AkzoNobel was described as "an extraordinary value creation opportunity," with Villavarayan stating, "We expect to create a global leader with phenomenal scale and end market diversification, significant free cash flow generation, EBITDA margins approaching 20% and an investment-grade credit rating and balance sheet flexibility. Additionally, we identified $600 million in synergy potential." CFO Carl Anderson reported, "In the fourth quarter, net sales declined 4% year-over-year due to lower volumes in North America across all of our businesses." He cited a 70 basis point drop in gross margins and a net income of $60 million, impacted by higher tax expense and $21 million in merger transaction costs. He added, "Interest ...
Earnings Call Insights: Corebridge Financial (CRBG) Q4 2025 Management View Marc Costantini, President, CEO & Director, recognized outgoing CEO Kevin Hogan and outlined his vision: "Corebridge had a strong year in 2025. Earnings per share were up 4% year-over-year. Return on average equity was up 20 basis points and capital returned to our shareholders was up 13%." He emphasized the launch of the ...
Earnings Call Insights: Corebridge Financial (CRBG) Q4 2025 Management View Marc Costantini, President, CEO & Director, recognized outgoing CEO Kevin Hogan and outlined his vision: "Corebridge had a strong year in 2025. Earnings per share were up 4% year-over-year. Return on average equity was up 20 basis points and capital returned to our shareholders was up 13%." He emphasized the launch of the MarketLock RILA product, which quickly joined the top 10 providers and is now available through over 200 distribution partners, with expectations for continued growth in 2026. He described Corebridge's ability to allocate capital flexibly, highlighting a 24% growth in Institutional Markets sales, led by pension risk transfers and guaranteed investment contracts. Costantini announced a 4% dividend increase to $0.25 per share and confirmed that the board approved this move. Costantini stated: "We grew Institutional Markets sales by 24%, overall, led by pension risk transfers and guaranteed investment contracts to drive both current and future earnings growth...In 2025, Corebridge executed the industry's largest variable annuity reinsurance transaction to date." He also noted, "Our legacy liabilities comprised approximately 1% of the balance sheet." Costantini added a fifth strategic pillar, "Win With Customers," emphasizing product innovation and a superior customer value proposition. He identified a $30 billion opportunity from expanding Wealth Management through IRA rollovers, enhancing adviser force, and upgrading digital capabilities. Costantini also highlighted continued investment to accelerate digitization and productivity. Elias Habayeb, Executive VP & CFO, reported, "We reported adjusted pretax operating income of $760 million or operating EPS of $1.22, representing a 15% year-over-year increase." He added, "Our adjusted ROE was 12.5%, an increase of 140 basis points from the fourth quarter of 2024." Outlook Habayeb stated, "We expect to grow our total sources of inc...
Tax planning and wealth management stocks sank Tuesday after financial software provider Altruist Corp. launched an artificial intelligence tool for creating tax strategies, sparking concerns that traditional players could be at risk. Shares of Charles Schwab Corp. fell as much as 8.1%, with other wealth management stocks also taking a hit. Raymond James Financial Inc. dropped 8.5%, LPL Financial ...
Tax planning and wealth management stocks sank Tuesday after financial software provider Altruist Corp. launched an artificial intelligence tool for creating tax strategies, sparking concerns that traditional players could be at risk. Shares of Charles Schwab Corp. fell as much as 8.1%, with other wealth management stocks also taking a hit. Raymond James Financial Inc. dropped 8.5%, LPL Financial Holdings Inc. slid 8.4% and Stifel Financial Corp. sank 7.2%. Altruist’s new tool, unveiled on Tuesday , helps financial advisors personalize strategies for clients and create pay stubs, account statements and other documents, the company said in a statement. “The selloff appears tied to broader concerns about AI disrupting the financial advice and wealth management model,” said Neil Sipes , an analyst with Bloomberg Intelligence. Investor focus today is “likely centering on concerns around efficiencies being competed away, fee compression long-term and potential market share shifts.” Insurance brokers’ stocks had a similar meltdown Monday after Insurify’s new rate-comparison AI tool raised concerns about those companies’ businesses. Read More: Insurance Broker Stocks Sink as AI App Sparks Disruption Fears The threat to traditional business models across industries from the advent of new AI-powered applications has started spreading into many corners of the stock market, starting with the software firms. The jitters really struck investors last week after AI startup Anthropic released tools aimed at automating work tasks across areas ranging from legal services to financial research. Read more: AI Fear Grips Wall Street as a New Stock Market Reality Sets In
It was a day for one of the Top Team. The safest of safe hands. A grownup. That didn’t mean the likes of Emma Reynolds. Emma looks permanently startled at the best of times. Especially when there’s a microphone around. Give her more than 30 seconds and she’ll confess to crimes she didn’t commit. And certainly not Wes Streeting. Not even Wes trusts Wes. His denials over any involvement with Anas Sa...
It was a day for one of the Top Team. The safest of safe hands. A grownup. That didn’t mean the likes of Emma Reynolds. Emma looks permanently startled at the best of times. Especially when there’s a microphone around. Give her more than 30 seconds and she’ll confess to crimes she didn’t commit. And certainly not Wes Streeting. Not even Wes trusts Wes. His denials over any involvement with Anas Sarwar’s Monday press conference weren’t 100% convincing. Nor was his insistence that he had never much liked Peter Mandelson. In his WhatsApps, Wes uses one kiss for those he hates and two for those he loves. Apparently. Ordinarily it would have been Pat McFadden on the morning media round. Keir Starmer’s personal enforcer. But Pat hasn’t been quite himself since touring the studios on Sunday to tell broadcasters that it would make no sense for Morgan McSweeney to resign. Nor was his delivery ideal. Pat is one of life’s natural depressives. You get the feeling that a smile costs him. Even when he’s trying to be upbeat, he still sounds like he’s giving a funeral eulogy. Something best avoided on today of all days. So it fell to Ed Miliband to do the honours. Ed comes with one massive advantage over many of his cabinet colleagues. He really, really doesn’t want Starmer’s job. He’s done it once and he crashed and burned. He has no desire to put himself through that pain again. He’s happy in his own skin doing a job he loves as energy secretary. Ed is now older and a wee bit wiser. This gives him a credibility and gravitas that many ministers lack. The worst has happened to him and he’s come out the other side. There is the sense that what you see is what you get with Ed. That he is an honest broker. Up to a point. More of that later. Labour MPs had looked over the precipice, he told the BBC’s Nick Robinson on the Today programme, and they hadn’t liked what they had seen. That was one way of looking at it. But Ed was getting down to basics. No pretence that the events of the las...
Earnings Call Insights: The Goodyear Tire & Rubber Company (GT) Q4 2025 Management View CEO Mark Stewart emphasized, "We delivered fourth quarter revenue of $4.9 billion, and segment operating income of $416 million, which represents year-on-year organic growth of 18% and continued sequential growth in earnings and margin across each of our geographies." Stewart highlighted the company's highest S...
Earnings Call Insights: The Goodyear Tire & Rubber Company (GT) Q4 2025 Management View CEO Mark Stewart emphasized, "We delivered fourth quarter revenue of $4.9 billion, and segment operating income of $416 million, which represents year-on-year organic growth of 18% and continued sequential growth in earnings and margin across each of our geographies." Stewart highlighted the company's highest SOI and SOI margin in over seven years and one of the strongest free cash flow performances on record. Stewart announced, "We have delivered $1.5 billion of run rate benefits under the [Goodyear Forward] program," and noted a "renewed focus on high-value segments of the market," including a 30% increase in new product launches. He reported significant share gains in consumer OE in both the U.S. and Europe and referenced the completion of three major asset sales in 2025 that have strengthened the balance sheet. Stewart introduced Dave Cichocki as the new leader for the Americas and the Americas consumer organization, stating that Cichocki brings "more than 3 decades of senior sales leadership" and will focus on "sales execution, profitable growth and alignment with our global strategy." CFO Christina Zamarro stated, "Goodyear Forward has provided significant benefits and debt reduction has situated us well compared to when we began the transformation just 2 short years ago." Outlook Zamarro projected, "We expect first quarter volume to be down approximately 10%, driven by U.S. consumer replacement. Unabsorbed overhead will be a headwind of $60 million." She added, "Goodyear Forward will drive benefits of approximately $100 million in the first quarter and about $300 million for the full year." Zamarro explained that for 2026, "Goodyear Forward, $300 million. We've increased that steadily over the past couple of quarters. Tariffs are a headwind of $175 million, and that's really concentrated in the first half...raw materials are a benefit of $300 million at current spots." She...
This isn't the first time the maker of memory chips has seen huge demand for its products. Even among artificial intelligence stocks, it's hard to find companies that can match the recent performance of Micron Technology (MU 1.77%). The longtime provider of memory semiconductor chips has seen its stock quadruple over the past year, soaring to record levels. Record demand for memory chips from AI h...
This isn't the first time the maker of memory chips has seen huge demand for its products. Even among artificial intelligence stocks, it's hard to find companies that can match the recent performance of Micron Technology (MU 1.77%). The longtime provider of memory semiconductor chips has seen its stock quadruple over the past year, soaring to record levels. Record demand for memory chips from AI hyperscalers seeking to build out data center capacity has been the primary fuel for Micron's ascent, but other factors have played to Micron's advantage as well. The question now is how long the good times can last and what might happen when the music stops. Over the past couple of days, the two previous articles in this three-part series on Micron for the Voyager Portfolio have given investors context on the chipmaker's history and its recent financial performance. This final article closes with a look at whether Micron's growth is sustainable and what could happen with its stock price in the future. Why this time might be different for Micron In the past, when Micron has enjoyed strong demand that has allowed it to raise prices, favorable conditions prompted it to build out greater production capacity to take maximum short-term advantage. Once that added capacity came online, however, it disrupted the supply/demand balance. Moreover, when demand slowed due to cyclical factors facing makers of hardware and electronic equipment, Micron and its industry peers found themselves with overcapacity and a glut of memory chips, sending prices plunging. Micron CEO Sanjay Mehrotra, however, believes this particular cycle is different because of the strength of the end markets that it's serving. In broad terms, Mehrotra sees memory as having become essential to the pseudo-cognitive functions of AI, and that makes memory less like a regular component and more like a strategic asset that gives those who possess it advantages over those who don't. Without adequate memory, features like r...