MU Stock: FQ2 Top Line Almost Doubled YOY I last analyzed Micron Technology, Inc. ( MU ) on Feb 13 with an article titled “ Micron: Institutional Money Can End The Party Abruptly .” The article was promoted by activities disclosed by institutional investors and rated the stock as a Hold. Since then, there have been several notable changes surrounding the memory sector as a whole and also MU stock....
MU Stock: FQ2 Top Line Almost Doubled YOY I last analyzed Micron Technology, Inc. ( MU ) on Feb 13 with an article titled “ Micron: Institutional Money Can End The Party Abruptly .” The article was promoted by activities disclosed by institutional investors and rated the stock as a Hold. Since then, there have been several notable changes surrounding the memory sector as a whole and also MU stock. The rest of this article will focus on the top one change in each category. I will detail my thoughts on A) the overall status of the current DRAM sector and B) MU’s business and growth prospects judging by the updates it provided in its recent FQ2 earnings report (ER). In the end, these changes have led me to see large odds for MU to be near a cyclical peak and caused me to downgrade my rating to Sell. To better contextualize the rest of the discussion, let me start with a quick recap of Micron’s FQ2 2026 ER announced on Mar 18. As shown in the chart below, its reported revenue growth of 196% YOY in the quarter, demonstrating an accelerating upward trajectory over recent fiscal quarters. The quarter enjoyed a dramatic leap of sales to $23.86 billion, beating market expectations by a wide margin of $4.32 billion (i.e., a more than 22% beat). Such an unprecedented financial expansion is largely due to both the surge in DRAM prices and also robust orders, but it nonetheless reminds me of the notoriously volatile memory cycle, as detailed next. Seeking Alpha Long-Term DRAM Cycles Before examining the MU tree, let’s take a look at the forest first. Historically, the long-term DRAM market has exhibited deep cyclicality with roughly a four-year period, as you can see from the following figure. During these cycles, EV/Sales ratios and contract prices move in close correlation in an extreme wild – but also quite repeatable - patterns. Historical data shows the sector EV/Sales typically peaks near the 3.2x threshold, as seen during the 2014, 2018, and 2021 cycles, while troughs oft...
First responders have had to take control of Waymo vehicles and move them during emergency situations, including in at least two active crime scenes, TechCrunch found.
First responders have had to take control of Waymo vehicles and move them during emergency situations, including in at least two active crime scenes, TechCrunch found.
Wes Streeting gave a speech outlining his performance on the NHS and plans for the future. Was this his unofficial leadership pitch? Pippa Crerar and Kiran Stacey sit down with the health secretary to find out Continue reading...
Wes Streeting gave a speech outlining his performance on the NHS and plans for the future. Was this his unofficial leadership pitch? Pippa Crerar and Kiran Stacey sit down with the health secretary to find out Continue reading...
May WTI crude oil (CLK26 ) on Wednesday closed down -2.03 (-2.20%), and May RBOB gasoline (RBK26 ) closed down -0.1344 (-4.34%). Crude oil and gasoline prices fell sharply on Wednesday in hopes that US-Iran diplomacy can end the war in Iran. Also, the unexpected increase in weekly EIA crude...
May WTI crude oil (CLK26 ) on Wednesday closed down -2.03 (-2.20%), and May RBOB gasoline (RBK26 ) closed down -0.1344 (-4.34%). Crude oil and gasoline prices fell sharply on Wednesday in hopes that US-Iran diplomacy can end the war in Iran. Also, the unexpected increase in weekly EIA crude...
April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.009 (+0.31%). Nat-gas prices recovered from a 3.5-week low on Wednesday and settled slightly higher after Iran rejected a peace plan from the US, which could keep the Strait of Hormuz closed and curtail nat-gas supplies from the Middle East....
April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.009 (+0.31%). Nat-gas prices recovered from a 3.5-week low on Wednesday and settled slightly higher after Iran rejected a peace plan from the US, which could keep the Strait of Hormuz closed and curtail nat-gas supplies from the Middle East....
Federal Reserve Governor Stephen Miran says he doesn't think Fed policy needs to be "slamming on the gas" to accelerate the economy but also doesn't need to be holding the economy back during remarks at the Digital Asset Summit in New York. (Source: Bloomberg)
Federal Reserve Governor Stephen Miran says he doesn't think Fed policy needs to be "slamming on the gas" to accelerate the economy but also doesn't need to be holding the economy back during remarks at the Digital Asset Summit in New York. (Source: Bloomberg)
European Union rules requiring electronics to include easily replaceable batteries could force consumer tech makers to rethink their designs and go beyond the repairability improvements they’ve made in recent years. The EU’s Batteries Regulation will require electronics hitting the market after February 2027 to include easily replaceable batteries. The aim was to minimize pollution from discarded ...
European Union rules requiring electronics to include easily replaceable batteries could force consumer tech makers to rethink their designs and go beyond the repairability improvements they’ve made in recent years. The EU’s Batteries Regulation will require electronics hitting the market after February 2027 to include easily replaceable batteries. The aim was to minimize pollution from discarded batteries through recycling and reuse, and it was aimed at electric vehicles and micro-mobility solutions. But the regulation isn’t restricted to e-bikes. Integrated batteries found in toys, video game consoles and wearable technology from Meta Platforms Inc. and Apple Inc. could also fall afoul of the rules. Selling products that don’t meet the rules risks recalls and bans. Meta’s plans to sell the latest generation of its Ray-Ban Display glasses in the European Union are being delayed by supply constraints, the battery regulation and rules around artificial intelligence, people familiar with the matter said. Read More: Meta Glasses Withheld From EU by Battery Rules, Supply Snags Other companies are making changes ahead of the deadline. Nintendo Co. is planning to release a variant of its Switch 2 console in the EU that includes a user-replaceable battery, according to a report in Nikkei. A representative for the European Commission didn’t immediately respond to a request for comment. Early laptops and smartphones allowed users to replace the battery with a spare to keep their products humming along. But gradually, as hardware designs grew thinner, sleeker and more sophisticated, this flexibility faded away. Tech giants realized that battery compartments took up valuable space in their devices. Switching to non-user-replaceable batteries, they argued, would free up room for other components — and allow the battery itself to be larger. These sealed designs also helped make everyday gadgets more water resistant. But over the last decade, the Right to Repair movement has gain...
A Los Angeles jury's ruling that Meta and YouTube contributed to a teenage girl's depression marks a potential turning point in the years-long legal battle against social media giants -- one that could carry an enormous price tag.- Legislative pressure builds - The Los Angeles and Santa Fe cases are part of a broader wave of legal and regulatory action that gathered pace after Australia moved last...
A Los Angeles jury's ruling that Meta and YouTube contributed to a teenage girl's depression marks a potential turning point in the years-long legal battle against social media giants -- one that could carry an enormous price tag.- Legislative pressure builds - The Los Angeles and Santa Fe cases are part of a broader wave of legal and regulatory action that gathered pace after Australia moved last year to ban social media for people under 16.
alvarez/E+ via Getty Images My Investing Philosophy I like dividend-paying stocks that have a history of raising the dividend consistently, year after year. I also like finding stocks that are currently out of favor, either due to macro events or temporary (but reversible) mistakes by management once they have learned the lesson and are likely to avoid making the same mistake again in the future. ...
alvarez/E+ via Getty Images My Investing Philosophy I like dividend-paying stocks that have a history of raising the dividend consistently, year after year. I also like finding stocks that are currently out of favor, either due to macro events or temporary (but reversible) mistakes by management once they have learned the lesson and are likely to avoid making the same mistake again in the future. I believe today’s subject company, Perrigo ( PRGO ), fits that definition. With a 12% dividend yield and a P/E of 4.3, it looks like a bargain. So, I did some research to find out why it looks so tempting because many times a company’s yield is high and the P/E is low because it could be going out of business. But this is a stock I believe will rebound eventually, and a patient investor could reap outsized gains while collecting that rising dividend. I also tend to hold stocks until the company changes its business model (unfavorably, in my opinion), cuts its dividend, or becomes ridiculously overvalued. In each case, I sell and look for a better option. Otherwise, I like to hold stocks forever and let the miracle of compounding and reinvesting dividends do most of the heavy lifting of growing my portfolio and income for me. Company Background Perrigo is an OTC (Over-The-Counter) maker of store-brand drugs, infant formula, and animal health products. It operates with two divisions: Consumer Self-Care Americas and Consumer Self-Care International. The company sells thousands of store-branded OTC products, with Walmart accounting for almost 13% of sales. I like to find companies that have a competitive advantage within their respective industries. Perrigo is a low-cost leader, which enables it to be a valuable partner for discount retailers. Perrigo management tried to move upscale into a higher margin business and learned a difficult lesson. My expectation is that they will stick to what they know best and work on improving margins and volumes within their existing business ...
Like many Asian-Americans, US-born Tiffany Chin has faced her share of slights, including being treated as “other” or “foreign” and judged at times by her race rather than her accomplishments. Growing up outside Chicago, she recalls that in primary school her musical talents were attributed to her “Chinese genes”, and she was told, “you’re probably so good at maths because you’re Asian”. And as an...
Like many Asian-Americans, US-born Tiffany Chin has faced her share of slights, including being treated as “other” or “foreign” and judged at times by her race rather than her accomplishments. Growing up outside Chicago, she recalls that in primary school her musical talents were attributed to her “Chinese genes”, and she was told, “you’re probably so good at maths because you’re Asian”. And as an adult on a family trip to Florida, people gave her nasty looks when she went jogging, wondering...
Goldman, Morgan Stanley and 28 other banks reportedly lined up $40 to $60 billion in demand, pressuring Musk to move fast before rival IPOs drain the pool.
Goldman, Morgan Stanley and 28 other banks reportedly lined up $40 to $60 billion in demand, pressuring Musk to move fast before rival IPOs drain the pool.
This gasp-inducing documentary shows a man buzzing over the remarkable insects that bumble around his garden … and ended up changing his life Martin Dohrn likes bees. Big bees, small bees, angry bees, randy bees, bees with voluminous ruffs and calves like tiny Henry VIIIs – rare is the bee that Dohrn doesn’t deem worthy of … what, exactly? Appreciation? Or something more profound? “It’s hard to ex...
This gasp-inducing documentary shows a man buzzing over the remarkable insects that bumble around his garden … and ended up changing his life Martin Dohrn likes bees. Big bees, small bees, angry bees, randy bees, bees with voluminous ruffs and calves like tiny Henry VIIIs – rare is the bee that Dohrn doesn’t deem worthy of … what, exactly? Appreciation? Or something more profound? “It’s hard to explain,” says the veteran wildlife photographer, peering at us through his red-framed glasses while perched at his gadget-strewn kitchen table. “But I really feel for bees. They’re really … I mean, I could say they’re my friends.” Continue reading...
Key PointsThe indictment of Supermicro employees for allegedly exporting AI servers illegally to China shows some systemic vulnerabilities in the U.S. AI hardware supply chain.
Key PointsThe indictment of Supermicro employees for allegedly exporting AI servers illegally to China shows some systemic vulnerabilities in the U.S. AI hardware supply chain.
Gli Azzurri start favourites in the World Cup playoff on Thursday but Michael O’Neill says his young team will show no fear The shorter wait is the one worthy of considerably more attention. Four decades have passed since Northern Ireland appeared at a World Cup, then for the second time in succession. Any disappointment at finishing third in a group also involving Brazil and Spain was offset by h...
Gli Azzurri start favourites in the World Cup playoff on Thursday but Michael O’Neill says his young team will show no fear The shorter wait is the one worthy of considerably more attention. Four decades have passed since Northern Ireland appeared at a World Cup, then for the second time in succession. Any disappointment at finishing third in a group also involving Brazil and Spain was offset by hope of an imminent return. There has been no further seat at international football’s top table. Italy’s World Cup hiatus involves failure to qualify in 2018 and 2022 (their previous two experiences were only marginally less miserable). For four-time winners of the tournament and a nation obsessed with the sport, this constitutes an affront. It brings intense pressure. One of Italy and Northern Ireland will retain the aspiration of 2026 participation when the full-time whistle shrieks in Bergamo on Thursday night. Continue reading...
Dougal Waters Wall Street’s major market averages closed higher on Wednesday as the U.S. reportedly sent Iran a 15-point plan to end the war in the Middle East. The blue-chip Dow ( DJI ) finished higher by +0.6%. At the same time, the benchmark S&P 500 ( SP500 ) ended up +0.5%, and the tech-focused Nasdaq Composite ( COMP:IND ) pushed higher by +0.7%. Here are the three stocks to watch after marke...
Dougal Waters Wall Street’s major market averages closed higher on Wednesday as the U.S. reportedly sent Iran a 15-point plan to end the war in the Middle East. The blue-chip Dow ( DJI ) finished higher by +0.6%. At the same time, the benchmark S&P 500 ( SP500 ) ended up +0.5%, and the tech-focused Nasdaq Composite ( COMP:IND ) pushed higher by +0.7%. Here are the three stocks to watch after market: Driven Brands ( DRVN ) rose 1.6% in after-hours trading after activist investor Adam Wyden’s hedge fund ADW Capital, which holds a 2.5% stake, pushed the automotive service provider to explore a sale or breakup. In a letter to the board, Wyden called for an immediate strategic review and criticized private-equity owner Roark Capital, which holds a 60% stake, for mismanaging the business while being distracted by its food brands including Dunkin’ and Arby’s. Eldorado Gold ( EGO ) is in focus after proxy advisory firm Institutional Shareholder Services recommended shareholders vote to approve the issuance of shares in connection with the company’s proposed acquisition of Foran Mining ( FMCXF ). The deal values the Canadian copper-focused developer at approximately C$3.8 billion. FibroBiologics ( FBLG ) announced its board approved a 1-for-20 reverse stock split to regain compliance with Nasdaq Capital Market minimum bid price requirements. The split takes effect March 30, reducing outstanding shares to approximately 3.5 million from roughly 70.3 million. More on related stocks Eldorado Gold Corporation (ELD:CA) Q4 2025 Earnings Call Transcript Eldorado Gold Corporation 2025 Q4 - Results - Earnings Call Presentation Eldorado Gold Corporation (ELD:CA) M&A Call Transcript Activist investor pushes Driven Brands to explore a sale - WSJ FibroBiologics to implement 1-for-20 reverse stock split to meet Nasdaq requirement
S&P Global Energy President Dave Ernsberger discusses the 'massive but delayed' effects the war in Iran is having on the global energy market, saying that physical markets are bearing the brunt now, but futures markets will start feeling the pressure next. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
S&P Global Energy President Dave Ernsberger discusses the 'massive but delayed' effects the war in Iran is having on the global energy market, saying that physical markets are bearing the brunt now, but futures markets will start feeling the pressure next. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
The White House says peace talks with Iran are ongoing, but Tehran says that's not the case. Bloomberg's Michelle Jamrisko reports. (Source: Bloomberg)
The White House says peace talks with Iran are ongoing, but Tehran says that's not the case. Bloomberg's Michelle Jamrisko reports. (Source: Bloomberg)