Saulo Angelo/iStock via Getty Images Heading into the Q2 FY26 print, I downgraded Micron Technology, Inc. ( MU ) to a Hold, citing concerns about the secondary effects of the intense competition in the HBM chip space with the likes of Samsung ( SSNLF ). To be clear, I was concerned that the guidance on margins could disappoint investors as more HBM4 supply enters the market, pressuring the current...
Saulo Angelo/iStock via Getty Images Heading into the Q2 FY26 print, I downgraded Micron Technology, Inc. ( MU ) to a Hold, citing concerns about the secondary effects of the intense competition in the HBM chip space with the likes of Samsung ( SSNLF ). To be clear, I was concerned that the guidance on margins could disappoint investors as more HBM4 supply enters the market, pressuring the current pricing tailwinds. I was dead wrong. At least, from a fundamentals perspective. In my years of investing and analyzing stocks, I have never seen such powerful guidance . Let me put it into perspective. If you've been around in the AI trade since it began, you may remember the iconic day AI became a thing. I'm talking about Nvidia's ( NVDA ) Q1 2024 earnings release on May 24, 2023, when it guided fiscal Q2 2024 revenue to $11.0 billion. That value was about $7.15 billion above the consensus. Well, Micron's revenue guidance for Q3 was $33.5B. That's a $9.2B gap vs. the consensus. In fact, contrary to my concerns, the company guided a meaningful sequential increase in margins from 75% in Q2 (non-GAAP) to 81% in Q3. Bear in mind that the 75% in Q2 FY26 is almost double the margin a year ago. So, why am I not joining the bulls this time and rating the company a strong buy? Timing. Micron delivered the right results at the wrong time. Even though I remain bullish on a 9-12 month timeframe, I think the stock could see a downward rerate in the next 3 months. That's why I prefer to reiterate my Hold. I'm not saying Micron is in the grotesquely overvalued space. At 12.6x forward earnings, it is one of the cheapest stocks in the AI trade right now. However, I argue that investors are now concerned with other things, and the blowout guidance is not enough to turn around the broader pessimism in tech. Great Quarter, Even More Impressive Guidance Well, I'll start by saying Q2 revenue nearly tripled YoY. To be precise, Q2 revenue was $23.9B, up 196% YOY and 75% sequentially. To put into...
Saulo Angelo/iStock via Getty Images Heading into the Q2 FY26 print, I downgraded Micron Technology, Inc. ( MU ) to a Hold, citing concerns about the secondary effects of the intense competition in the HBM chip space with the likes of Samsung ( SSNLF ). To be clear, I was concerned that the guidance on margins could disappoint investors as more HBM4 supply enters the market, pressuring the current...
Saulo Angelo/iStock via Getty Images Heading into the Q2 FY26 print, I downgraded Micron Technology, Inc. ( MU ) to a Hold, citing concerns about the secondary effects of the intense competition in the HBM chip space with the likes of Samsung ( SSNLF ). To be clear, I was concerned that the guidance on margins could disappoint investors as more HBM4 supply enters the market, pressuring the current pricing tailwinds. I was dead wrong. At least, from a fundamentals perspective. In my years of investing and analyzing stocks, I have never seen such powerful guidance . Let me put it into perspective. If you've been around in the AI trade since it began, you may remember the iconic day AI became a thing. I'm talking about Nvidia's ( NVDA ) Q1 2024 earnings release on May 24, 2023, when it guided fiscal Q2 2024 revenue to $11.0 billion. That value was about $7.15 billion above the consensus. Well, Micron's revenue guidance for Q3 was $33.5B. That's a $9.2B gap vs. the consensus. In fact, contrary to my concerns, the company guided a meaningful sequential increase in margins from 75% in Q2 (non-GAAP) to 81% in Q3. Bear in mind that the 75% in Q2 FY26 is almost double the margin a year ago. So, why am I not joining the bulls this time and rating the company a strong buy? Timing. Micron delivered the right results at the wrong time. Even though I remain bullish on a 9-12 month timeframe, I think the stock could see a downward rerate in the next 3 months. That's why I prefer to reiterate my Hold. I'm not saying Micron is in the grotesquely overvalued space. At 12.6x forward earnings, it is one of the cheapest stocks in the AI trade right now. However, I argue that investors are now concerned with other things, and the blowout guidance is not enough to turn around the broader pessimism in tech. Great Quarter, Even More Impressive Guidance Well, I'll start by saying Q2 revenue nearly tripled YoY. To be precise, Q2 revenue was $23.9B, up 196% YOY and 75% sequentially. To put into...
TLDR NVDA fell ~2.6% in premarket trading Thursday despite positive analyst reactions to GTC Raymond James raised its price target to $323 from $291, maintaining a Strong Buy Truist raised its target to $287 from $283, also reiterating a Buy rating Nvidia revealed $1 trillion in cumulative GPU order visibility through 2027 Wall Street consensus is Strong Buy: 40 Buys, 1 Hold; average target $274.1...
TLDR NVDA fell ~2.6% in premarket trading Thursday despite positive analyst reactions to GTC Raymond James raised its price target to $323 from $291, maintaining a Strong Buy Truist raised its target to $287 from $283, also reiterating a Buy rating Nvidia revealed $1 trillion in cumulative GPU order visibility through 2027 Wall Street consensus is Strong Buy: 40 Buys, 1 Hold; average target $274.16 💥 Find the Next KnockoutStock! Get live prices, charts, and KO Scores from KnockoutStocks.com , the data-driven platform ranking every stock by quality and breakout potential. Nvidia stock dropped around 2.6% in premarket trading on Thursday, March 19, even as two Wall Street analysts raised their price targets following the company’s annual GTC conference. NVIDIA Corporation, NVDA The event, which Truist analyst William Stein called “the Super Bowl of AI,” featured product updates, partnership announcements, and a major revenue visibility update from management. Raymond James analyst Simon Leopold raised his price target to $323 from $291, keeping his Strong Buy rating. He pointed to Nvidia’s updated outlook for $1 trillion in cumulative GPU sales through 2027, calling that figure potentially conservative. The market won’t be able to keep $NVDA below $200 much longer. Jensen is clearly building for the inference era with Rubin handling attention-heavy workloads and Groq powering low-latency token generation. The AI engine just keeps humming. pic.twitter.com/0ri6ro9n76 — Shay Boloor (@StockSavvyShay) March 17, 2026 Leopold added that when contributions from Vera Rubin Ultra and the Groq LPX are factored in, total AI data center revenue through 2027 could reach closer to $1.3 trillion. Truist’s Stein also raised his target, moving it to $287 from $283, and reiterated a Buy rating. His note focused on three key themes from day two of GTC. First, management declared 2025 “the year of inference,” marking a market shift from training-focused builds to production inference at s...
↘️ Tesla (TSLA): U.S. regulators expanded their probe of the EV maker's automated driving-assistance system; the investigation covers 3.2 million vehicles. Shares fell 2.8%. ↘️ Micron Technology (MU): The memory-chip maker's quarterly sales nearly tripled as demand for its products outpaces supply.
↘️ Tesla (TSLA): U.S. regulators expanded their probe of the EV maker's automated driving-assistance system; the investigation covers 3.2 million vehicles. Shares fell 2.8%. ↘️ Micron Technology (MU): The memory-chip maker's quarterly sales nearly tripled as demand for its products outpaces supply.
Dragon Claws/iStock via Getty Images A challenging investment environment was made even more so by the lofty state of many equity valuations, which leave less room for error if the economy slows or if the geopolitical situation gets hotter than it already is. We continue to watch for greater clarity and stability in both the market and economy. Fund Performance Although Royce Capital Fund-Small-Ca...
Dragon Claws/iStock via Getty Images A challenging investment environment was made even more so by the lofty state of many equity valuations, which leave less room for error if the economy slows or if the geopolitical situation gets hotter than it already is. We continue to watch for greater clarity and stability in both the market and economy. Fund Performance Although Royce Capital Fund-Small-Cap Portfolio trailed its benchmark, the Russell 2000 Value Index, in 2025, the Fund held its edge over longer-term periods. The Fund advanced 8.9% in 2025 versus a 12.6% gain for the small-cap value index for the same period. The portfolio beat the Russell 2000 Value for the 3-, 5-, 25-year, and since inception (12/27/96) periods ended 12/31/25. What Worked… and What Didn’t Seven of the portfolio’s 10 equity sectors made a positive impact on calendar year performance. Information Technology, Financials, and Industrials made the largest positive contributions. The biggest negative impacts came from Energy, Consumer Discretionary, and Real Estate. At the industry level, electronic equipment, instruments & components (Information Technology), banks (Financials), and commercial services & supplies (Industrials) contributed most in 2025, while oil, gas & consumable fuels (Energy), specialty retail (Consumer Discretionary), and ground transportation (Industrials) were the largest detractors. Two of the Fund’s top five contributors provide electronics contract manufacturing services, or “EMS.” This business continues to experience robust demand—with many of the stocks being re-rated—because of their close involvement building AI data centers. A top contributor from 2024, Sanmina Corporation ( SANM ) offers these services to a global customer base. The company bought ZT Systems, a data center manufacturing business, from semiconductor behemoth Advanced Micro Devices ( AMD ) while also entering into a strategic partnership with AMD. As a result of the acquisition, Sanmina expects to ...
Hong Kong customs officers have arrested five people and seized 2,500 pairs of suspected counterfeit eyewear worth about HK$2.2 million (US$280,680) in a citywide operation. Officers from the Customs and Excise Department carried out the special enforcement action on Tuesday and Wednesday, targeting the sale of counterfeit goods. Officers raided five retail shops in Cheung Sha Wan, Kwai Shing, Tsu...
Hong Kong customs officers have arrested five people and seized 2,500 pairs of suspected counterfeit eyewear worth about HK$2.2 million (US$280,680) in a citywide operation. Officers from the Customs and Excise Department carried out the special enforcement action on Tuesday and Wednesday, targeting the sale of counterfeit goods. Officers raided five retail shops in Cheung Sha Wan, Kwai Shing, Tsuen Wan and Fanling, as well as a supplier in Kwun Tong, seizing the items with the assistance of trademark owners. Advertisement Three directors and two staff members, aged 42 to 58, were arrested. The investigation was ongoing and further arrests had not been ruled out, a spokesman said. Advertisement Customs said the counterfeit sunglasses were typically priced 20 to 30 per cent below market value and lacked original packaging and accessories.
It's not looking good for stocks right now. The S & P 500 tumbled 1.4% on Wednesday, hurt by rising inflation fears caused by higher wholesale prices and comments from Federal Reserve Chairman Jerome Powell that the central bank isn't inclined to ease monetary policy in the current climate. The stock market's loss put the benchmark down more than 3% since the U.S.-Iran war began. It also put the i...
It's not looking good for stocks right now. The S & P 500 tumbled 1.4% on Wednesday, hurt by rising inflation fears caused by higher wholesale prices and comments from Federal Reserve Chairman Jerome Powell that the central bank isn't inclined to ease monetary policy in the current climate. The stock market's loss put the benchmark down more than 3% since the U.S.-Iran war began. It also put the index at a critical technical juncture. The S & P 500 closed at 6,624.7 in the previous session, just above its 200-day moving average of 6,619.14. This is the key line in the sand that many on the Street have been looking at this week. "If the S & P 500 selloff gains momentum below the 200D MAVG … strong support may not materialize for S & P 500 until 6,000–6,200," wrote Dubravko Lakos-Bujas, head of global markets strategy at JPMorgan. That potential range is 6%-9% below Wednesday's closing level. The S & P 500 hasn't closed below its 200-day moving average since last May 9, when it ended the day at 5,659.91. The threshold has already been breached by the Dow Jones Industrial Average , which closed below its 200-day on Wednesday, ending the session at 46,225.15. Jonathan Krinsky, chief market technician at BTIG, thinks it's unlikely that the S & P 500 will hold above its 200-day. "Because this will be the third test of this general area, we have little confidence of it holding as support. The November low of 6521 is likely more important, but we continue to see further downside risk and would think a move towards 6,000 has a decent probability," Krinsky wrote to clients. More positively, the S & P 500 in the past has proven resilient when it fell below the 200-day average after a long stretch trading above the trendline. "We've been above it 28 times in the past for a 200-day stretch, and once we fall below it, believe it or not, it's a buying opportunity," Jay Woods, chief market strategist at Freedom Capital Markets, said on this week's edition of Pro Views . And in each...
Is the U.S. economy really losing jobs, as the February employment report found? Not according to the low number of people applying for jobless benefits.
Is the U.S. economy really losing jobs, as the February employment report found? Not according to the low number of people applying for jobless benefits.
Bitcoin treasury company Strive (NASDAQ: $ASST ) said Thursday that its total BTC holdings hit 13,628 Bitcoin, pulling ahead of Tesla which currently sits at 11,509 BTC. The Texas based firm, which disclosed its holdings as part of the company's fourth-quarter and full-year 2025 financial results, is now registering a total value of $960 million in BTC holdings. Strive noted in the release that it...
Bitcoin treasury company Strive (NASDAQ: $ASST ) said Thursday that its total BTC holdings hit 13,628 Bitcoin, pulling ahead of Tesla which currently sits at 11,509 BTC. The Texas based firm, which disclosed its holdings as part of the company's fourth-quarter and full-year 2025 financial results, is now registering a total value of $960 million in BTC holdings. Strive noted in the release that it achieved a Bitcoin (CRYPTO: $BTC ) Yield of 22.2% in the fourth quarter of 2025 and a quarter-to-date yield of 13.8%. On the earnings side, the company reported a GAAP net loss of $393.6 million for the period ending December 31, 2025, largely driven by $194.5 million in unrealized losses on digital assets. Management also noted that the company raised approximately $257.6 million through SATA offerings in late 2025 and early 2026, using the cash to retire high-interest debt and acquire additional Bitcoin. Earlier this month, Strive said it diversified its treasury with a $50 million purchase of STRC, the Strategy Inc. (NASDAQ: $MSTR ) issued perpetual preferred stock that currently pays 11.50% annual dividends. Strive's cash position came in at $83.7 million with a total of 59.2 million Class A common shares outstanding. The company's stock is trading at $9.52, down 5.13% in morning trade.
Cloudflare’s stablecoin plans add to its AI narrative, but with the idea still unproven, investors must decide whether this is a real catalyst or just hype.
Cloudflare’s stablecoin plans add to its AI narrative, but with the idea still unproven, investors must decide whether this is a real catalyst or just hype.
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: William Blair upgraded Five Below (FIVE) to Outperform from Market Perform without a price target. The firm is "increasingly confident" that Five Below has "plenty of levers to comp the comp" and is well...
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: William Blair upgraded Five Below (FIVE) to Outperform from Market Perform without a price target. The firm is "increasingly confident" that Five Below has "plenty of levers to comp the comp" and is well positioned for a series of beat-and-raise quarters throughout the year. Morgan Stanley upgraded Carnival (CCL) to Overweight from Equal Weight with a price target of $31, down from $33. The firm sees an attractive risk/reward at current share levels. Truist upgraded Tandem Diabetes (TNDM) to Buy from Hold with a price target of $35, up from $27. The firm cites its growing conviction in estimate upside potential and accelerating revenue and profit growth as it sees the Street "significantly under-modeling" growth in higher margin recurring revenues into the out-years while Tandem Diabetes transitions to a Pay/Go model in the pharmacy channel. Rothschild & Co Redburn upgraded MoonLake Immunotherapeutics (MLTX) to Buy from Neutral with a price target of $40, up from $12. The regulatory filing path for sonelokimab in hidradenitis suppurativa is not over yet, but is becoming clearer "now that the biggest regulatory hurdle is out of the way," the firm tells investors in a research note.
Investors seem to be overreacting a bit to the latest internal reports surrounding the delay of the latest AI model, codenamed Avocado, from Meta Platforms (NASDAQ:META). Indeed, Mark Zuckerberg and company have been aggressively giving AI their all, and with the shortcomings of its open-source LLaMA model, it does certainly feel discouraging to learn that ... Why Meta’s Latest AI Delay Might Actu...
Investors seem to be overreacting a bit to the latest internal reports surrounding the delay of the latest AI model, codenamed Avocado, from Meta Platforms (NASDAQ:META). Indeed, Mark Zuckerberg and company have been aggressively giving AI their all, and with the shortcomings of its open-source LLaMA model, it does certainly feel discouraging to learn that ... Why Meta’s Latest AI Delay Might Actually Be a Good Thing for Investors
We can all go back to the 1980s. Very few people use personal computers — lots of work was done without personal computers. But I think there is going to be this kind of discontinuous relationship between, you know, the way in which the job transformation impacts the labor and the way in which humans pick up these tools and use these tools. Effectively, AI agents will replace a huge percentage of ...
We can all go back to the 1980s. Very few people use personal computers — lots of work was done without personal computers. But I think there is going to be this kind of discontinuous relationship between, you know, the way in which the job transformation impacts the labor and the way in which humans pick up these tools and use these tools. Effectively, AI agents will replace a huge percentage of work that's currently performed by humans on a massive scale. And I think it's going to be most dramatic in white-collar work. This is the message that I give to every single employee in my company: If you actually embrace these agentic capabilities, you as a person have new superpowers, and your ability to have impact grows dramatically... Allaire: I think the first is that agentic AI in particular is going to enable dramatically higher velocity of economic activity, and it will allow for dramatically more efficient forms of corporations ... My own belief is that, on an absolute basis in terms of productivity in the economy, GDP growth across every major industry can be transformed and grown in very, very significant ways. Sozzi: Are you in the camp that AI will unleash economic prosperity? Because all I've heard for the past month is how AI is taking human jobs. Below is the transcript from my in-depth conversation with Allaire. For this article, I isolated his comments on AI because I believe they are profound and come from someone highly respected in the tech industry. The interview has been edited for brevity and clarity. Citrini Research published a piece on how agentic AI could bring widespread economic destruction by 2028. In the imagined scenario, unemployment will double, and the total value of the stock market is cut by one-third. Goldman Sachs economists in a new note said the US unemployment rate will drift higher to 4.5% by year-end from its current 4.3%, in part because jobs are being replaced by AI. "Effectively, AI agents will replace a huge percentage of w...
Key Points Five Below posted better-than-expected financial results for its fiscal fourth quarter. The turnaround has been stellar for the chain since Forever 21 CEO Winnie Park came over to lead the deep discounter. The stock may not seem cheap at 27 times forward adjusted earnings guidance, but momentum may push its forecasts higher and its multiples lower through fiscal 2026. 10 stocks we like ...
Key Points Five Below posted better-than-expected financial results for its fiscal fourth quarter. The turnaround has been stellar for the chain since Forever 21 CEO Winnie Park came over to lead the deep discounter. The stock may not seem cheap at 27 times forward adjusted earnings guidance, but momentum may push its forecasts higher and its multiples lower through fiscal 2026. 10 stocks we like better than Five Below › In a world of fickle retailers, Five Below (NASDAQ: FIVE) keeps rising above. The colorful seller of whimsical merchandise -- which, true to the name on its storefront, is priced largely at a $5 price point or less -- moved higher on Wednesday night after posting blowout financial results. The chain has been a big winner since Winnie Park was tapped as its new CEO near the end of 2024. The stock is turning heads, more than doubling since Park was introduced as the retailer's new leader 15 months ago. There was a lot riding on Wednesday's report for the seasonally potent holiday quarter, which historically accounts for the lion's share of its fiscal-year profit. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Shifting into Park Net sales soared 24.3% to $1.73 billion for the fiscal 2025 fourth quarter that concluded at the end of January. That's the chain's strongest top-line growth in four years. Expansion has been a big part of some Five Below's strongest top-line performances, but it wasn't the one doing the heavy lifting this time. Five Below has slowed its once-torrid expansion since Park took over, making sure it executes the basics before flooring it again. The 1,921 stores it was operating at the end of January represent a modest 8% year-over-year increase. The real driver behind the strongest sales surge since the fall of 2021 was a 15.4% jump in comparable-store sales. Wh...
Euro, Bunds Slide After ECB Warns Of Stagflation The European Central Bank kept interest rates unchanged, warning that the war in Iran could shift its expectations for inflation and the economy. The deposit rate was left at 2% on Thursday - as predicted by all analysts in a Bloomberg survey. Officials said that leaves them well positioned, reiterating in a statement that they’ll act one meeting at...
Euro, Bunds Slide After ECB Warns Of Stagflation The European Central Bank kept interest rates unchanged, warning that the war in Iran could shift its expectations for inflation and the economy. The deposit rate was left at 2% on Thursday - as predicted by all analysts in a Bloomberg survey. Officials said that leaves them well positioned, reiterating in a statement that they’ll act one meeting at a time. “ The war in the Middle East has made the outlook significantly more uncertain , creating upside risks for inflation and downside risks for economic growth. It will have a material impact on near-term inflation through higher energy prices. Its medium-term implications will depend both on the intensity and duration of the conflict and on how energy prices affect consumer prices and the economy. The Governing Council is well positioned to navigate this uncertainty .” With oil and gas markets getting another jolt earlier in the day, it said once again that it’s “determined to ensure that inflation stabilizes at the 2% target in the medium term.” 2Y Bund yields are up strongly overnight (spiking on the BoE's surprisingly hawkish tone). Post-ECB, yields are flat (down then up) as traders expected a little more hawkishness... The EUR is sliding modestly post-ECB... Perhaps most notably, the new quarterly ECB outlook, based on inputs that ran until March 11 to account for the start of the war, pointed to faster inflation and slower growth ... Separate scenario analysis suggests that “a prolonged disruption in the supply of oil and gas would result in inflation being above, and growth being below, the baseline projections,” the ECB said. How badly Europe is affected by the the fighting hinges on its duration - still the biggest unknown. The European Union has warned inflation could surpass 3% in 2026 if Brent oil remains near $100 a barrel and gas prices stay elevated for a prolonged period. Some economists see it even rising above 4% if problems persist. Tyler Durden Thu...
Northland Securities analyst Gus Richard maintained a Buy rating on Astera Labs, Inc. today and set a price target of $195.00. Richard covers the Technology sector, focusing on stocks such as Synaptics, Enphase Energy, and Power Integrations. According to TipRanks, Richard has an average return of 20.6% and a 57.09% success rate on recommended stocks. The word on The Street in general, suggests a ...
Northland Securities analyst Gus Richard maintained a Buy rating on Astera Labs, Inc. today and set a price target of $195.00. Richard covers the Technology sector, focusing on stocks such as Synaptics, Enphase Energy, and Power Integrations. According to TipRanks, Richard has an average return of 20.6% and a 57.09% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Astera Labs, Inc. with a $207.50 average price target. Based on Astera Labs, Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $270.58 million and a net profit of $44.98 million. In comparison, last year the company earned a revenue of $141.1 million and had a net profit of $24.71 million Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALAB in relation to earlier this year. Last month, Philip Mazzara, the GC & Secretary of ALAB sold 4,849.00 shares for a total of $600,299.88.