JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Almost consistently since early 2024, I have been bullish on Micron ( MU ) as it became clear that DRAM (Dynamic Random Access Memory) is a key component of the wave of GPUs that GPU giants like NVIDIA ( NVDA ) and AMD ( AMD ) have been producing. While Micron was clearly in the right place at the right time two years ago, just as this ...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Almost consistently since early 2024, I have been bullish on Micron ( MU ) as it became clear that DRAM (Dynamic Random Access Memory) is a key component of the wave of GPUs that GPU giants like NVIDIA ( NVDA ) and AMD ( AMD ) have been producing. While Micron was clearly in the right place at the right time two years ago, just as this GPU wave started to take off, I believe that shares have now fully priced in the upside of the AI-GPU revolution. In essence, while revenue growth is still set to be strong for the rest of calendar year 2026, I think there is a real risk that some of the DRAM orders that Micron has may have some softness in them. For those who have not followed previous memory boom-bust cycles, the claims of “sold out through 2027” from memory giants may look like a statement of guaranteed demand. For those who have been following the space for the last few cycles, you understand we need to take these statements with caution. With this, I think the memory bull run (which began over 2 years ago) is coming to an end. Many of the large AI labs have secured more DRAM via forward contracts than what they will realistically need. This has created the sense of an artificial shortage supported by essentially FOMO on DRAM supply. Like in previous cycles, this will unwind. With this, I am downgrading Micron from a Strong Buy to a Hold. The stock has had an incredible run since my first call in 2024 . I think it's time to take profits. Why I’m Doing Follow-Up Coverage Micron has been one of my favorite stocks to write on ever since I started writing on Seeking Alpha almost 3 years ago. Since the last time I wrote on the AI memory giant back in March of last year (almost exactly 1 year ago), shares have jumped an impressive 312.93%. This gain is ~300% points more than the S&P 500’s 14.66% gain in the same time period. The company has been one of the best-performing AI plays over the last 12 months. Wit...
Liudmila Chernetska Eldorado Gold ( EGO ) Thursday said that it has entered into a project alliance in the form of a memorandum of understanding with G Mining Service, establishing a strategic engineering and construction alliance to support project delivery across Eldorado’s portfolio. Under the MoU, G Mining will provide engineering and construction services supporting Eldorado’s ( EGO ) project...
Liudmila Chernetska Eldorado Gold ( EGO ) Thursday said that it has entered into a project alliance in the form of a memorandum of understanding with G Mining Service, establishing a strategic engineering and construction alliance to support project delivery across Eldorado’s portfolio. Under the MoU, G Mining will provide engineering and construction services supporting Eldorado’s ( EGO ) project development and execution activities, including early project definition, engineering support, constructability reviews, and planning. “The MoU aligns with Eldorado’s strategy to maximize value from our sector-leading growth projects by leveraging G Mining’s integrated owners team approach and proven engineering and execution capabilities,” said Simon Hille , Chief Operating Officer of Eldorado Gold. "Establishing a preferred engineering and construction partner strengthens our project delivery model through consistent teams, aligned ways of working, and a strong track record of safe reliable execution, positioning Eldorado to maximize cash flow per share from our high-quality internal growth pipeline." More on Eldorado Gold Corporation 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 Eldorado Gold CEO Burns to retire in Q3, to be succeeded by Milau Eldorado Gold Non-GAAP EPS of $0.63 beats by $0.05, revenue of $577.2M beats by $55.49M
Two people have been injured in an explosion at a recycling yard in northern Hong Kong, with online footage showing towering flames and billowing black smoke following the blast. Police said they received a report at 11.02am on Thursday that an explosion had been heard at a site, said to be a recycling yard, at the intersection of Ting Kok Road and Fung Yuen Road in Tai Po. “The person heard an ex...
Two people have been injured in an explosion at a recycling yard in northern Hong Kong, with online footage showing towering flames and billowing black smoke following the blast. Police said they received a report at 11.02am on Thursday that an explosion had been heard at a site, said to be a recycling yard, at the intersection of Ting Kok Road and Fung Yuen Road in Tai Po. “The person heard an explosion and saw flames,” a force spokesman said. Multiple reports regarding the same location were...
ChangXin Memory Technologies Inc. more than doubled revenue to $8 billion in 2025, giving the strategically important Chinese chipmaker a major boost ahead of one of this year’s biggest domestic IPOs. Like rivals such as South Korea’s SK Hynix Inc. , the Chinese firm is riding surging prices for the storage chips crucial to AI development and data centers. A global shortage of memory chips propell...
ChangXin Memory Technologies Inc. more than doubled revenue to $8 billion in 2025, giving the strategically important Chinese chipmaker a major boost ahead of one of this year’s biggest domestic IPOs. Like rivals such as South Korea’s SK Hynix Inc. , the Chinese firm is riding surging prices for the storage chips crucial to AI development and data centers. A global shortage of memory chips propelled its revenue about 130% higher to more than 55 billion yuan ($8 billion) in 2025, people familiar with the matter said, asking not to be identified because the matter is private. Adjusted net income, excluding one-time items, is projected at about 3 billion yuan, they said. The numbers aren’t final and may vary in the formal release, depending on how CXMT accounts for parts of its business, according to the people. CXMT — which lies at the heart of Beijing’s ambitions to wean the country off US technology — is gunning for a landmark market debut this summer. It’s set to report its annual earnings in April while it prepares for a listing on China’s STAR board in the first half, the people said. Deliberations are ongoing, and the time line could still change, they added. If the listing goes ahead, it is likely to be the largest IPO in mainland China in 2026. The Hefei-based company is China’s top contender to make cutting-edge memory chips that help Beijing’s push to build a domestic supply chain to better compete with the US on AI and beyond. Its strength will complement that of Chinese AI accelerator designers including Huawei Technologies Co. and Cambricon Technologies Corp. and help boost China’s capabilities to compete with Nvidia Corp. and Advanced Micro Devices Inc. The chipmaker did not respond to requests for comment. CXMT makes short-term memory used in data centers, smartphones and even vehicles. It’s now developing the high-bandwidth memory that is required to make AI accelerators, operating in a segment long dominated by SK Hynix , Samsung Electronics Co. and M...