Micron Technology was bouncing back early on Monday from a sharp selloff the previous week. Micron shares were up 3.7% at $896.01 in premarket trading, after falling 13% on Friday as a chip-sector selloff took a chunk out of its recent enormous gains. Micron normally trades at a notably low forward price-to-earnings ratio because the memory-chip industry goes through cycles of boom and bust.
Micron Technology was bouncing back early on Monday from a sharp selloff the previous week. Micron shares were up 3.7% at $896.01 in premarket trading, after falling 13% on Friday as a chip-sector selloff took a chunk out of its recent enormous gains. Micron normally trades at a notably low forward price-to-earnings ratio because the memory-chip industry goes through cycles of boom and bust.
For years, chipmaker Intel (NASDAQ: INTC) dominated the computer and server processor market, easily remaining ahead of rival Advanced Micro Devices (NASDAQ: AMD) , and seemingly positioned to lead whatever was next for the business. Then, something unexpected happened. The technology industry realized that graphics cards -- while not as well suited as traditional central processing units (CPUs) f...
For years, chipmaker Intel (NASDAQ: INTC) dominated the computer and server processor market, easily remaining ahead of rival Advanced Micro Devices (NASDAQ: AMD) , and seemingly positioned to lead whatever was next for the business. Then, something unexpected happened. The technology industry realized that graphics cards -- while not as well suited as traditional central processing units (CPUs) for performing the most common types of computing tasks that PCs might face in everyday use -- could be effectively used to handle repetitive processing tasks on large data sets. That made them ideally suited for data-rich artificial intelligence (AI) work. The rest, as they say, is history. Nvidia 's (NASDAQ: NVDA) graphics processing units (GPUs), which already enjoy a commanding lead in that niche, were easily adapted to provide parallel processing muscle for AI applications. While all servers still need CPUs, too, in the data center market, they were, for a time, an afterthought. Most estimates put the company's current share of the artificial intelligence accelerator market at a minimum of 80%. Continue reading
Worased Boontipchayakun/iStock via Getty Images Overview The First Trust NASDAQ Technology Dividend Index Fund ETF ( TDIV ) provides investors with a way to instantly gain exposure to some of the highest-quality dividend-paying companies in the world. When I previously covered TDIV, I issued a hold rating due to the weak appeal of its dividend. However, I learned that despite the fund having 'divi...
Worased Boontipchayakun/iStock via Getty Images Overview The First Trust NASDAQ Technology Dividend Index Fund ETF ( TDIV ) provides investors with a way to instantly gain exposure to some of the highest-quality dividend-paying companies in the world. When I previously covered TDIV, I issued a hold rating due to the weak appeal of its dividend. However, I learned that despite the fund having 'dividend' in its name, the fund's main focus isn't actually the income that it can provide. Instead, I believe that the fund's appeal is that it provides exposure to technology companies that have durable cash flows and pay a dividend. Since my last coverage, the fund's share price has risen by more than 52.6% and outpaced the S&P 500 Index. When including all distributions paid, the total return jumps up to 57.5% over the same time frame. The last time I covered this fund was nearly two years ago, so we had plenty of time to observe how TDIV is capable of participating in the expansion of the AI sector. Looking forward, I believe that TDIV will continue to participate in this market expansion because of the companies it has exposure to and the index it uses as its benchmark. TDIV YTD Total Return (Seeking Alpha) TDIV now offers investors a starting dividend yield of 1.2% while issuing those payouts on a quarterly basis. When implementing a long-term buy-and-hold position, the fund's dividend growth can eventually turn TDIV into a strong dividend ETF. However, this requires patience and continued reinvestment of dividends received. Furthermore, the ETF is likely vulnerable to a pullback in the market's momentum. If we experience a selloff in the market, the fund likely won't be able to effectively protect capital. Fund Strategy According to the latest portfolio overview , TDIV now has total net assets of $4.4B that are spread across 94 different positions. The fund essentially aims to track the performance of the Nasdaq Technology Dividend Index. However, the fund applies a spe...
Hong Kong authorities will not favour existing ride-hailing platform drivers in the allocation of such vehicle permits, citing concerns about encouraging illegal activities and difficulties in execution, the transport minister has said. Secretary for Transport and Logistics Mable Chan on Monday also refrained from revealing whether a time frame was being planned to review the controversial 10,000 ...
Hong Kong authorities will not favour existing ride-hailing platform drivers in the allocation of such vehicle permits, citing concerns about encouraging illegal activities and difficulties in execution, the transport minister has said. Secretary for Transport and Logistics Mable Chan on Monday also refrained from revealing whether a time frame was being planned to review the controversial 10,000 permit cap despite repeated queries from lawmakers during the Legislative Council’s subcommittee...
If you held Direxion Daily MU Bull 2X Shares (NYSEARCA:MUU) into Friday’s close, you watched the fund shed 26.65% in a single session, which is what 2x daily leverage does when its underlying has its worst day in years. The underlying, Micron Technology (NASDAQ:MU), closed at $864 on June 5, 2026, down roughly 13% from ... The 2x Micron ETF (MUU) Shed 26.65% in One Day When Broadcom Missed and Rat...
If you held Direxion Daily MU Bull 2X Shares (NYSEARCA:MUU) into Friday’s close, you watched the fund shed 26.65% in a single session, which is what 2x daily leverage does when its underlying has its worst day in years. The underlying, Micron Technology (NASDAQ:MU), closed at $864 on June 5, 2026, down roughly 13% from ... The 2x Micron ETF (MUU) Shed 26.65% in One Day When Broadcom Missed and Rates Spiked
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first Job prospects are finally looking up, except in the hottest sector of the economy: tech. Lost in the excitement of Friday’s blowout US jobs report was a sign that the AI...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first Job prospects are finally looking up, except in the hottest sector of the economy: tech. Lost in the excitement of Friday’s blowout US jobs report was a sign that the AI threat to employment continues to loom : Headcount in the information sector — which includes software publishers, social networks and web search portals — shrank in May for the 16th time in the last 17 months. That jives with recent layoff announcements from Big Tech giants like Meta and Microsoft, who are looking for ways to reduce labor costs in order to offset heavy spending on AI. Another report last week from the outplacement firm Challenger, Gray & Christmas, tallying such cuts, found that tech-sector layoff announcements climbed in May to the highest level in almost two years . The information sector has now shed 332,000 jobs — or almost 11% of its workforce — since its post-pandemic peak in November 2022, the same month ChatGPT debuted. It’s an unusual combination: the dominant sector in profit expansion is one of the worst places in the economy to try to find work. Working for the information sector, for the moment, is easier than working in it. Friday’s numbers also showed nonresidential construction jobs rose for a seventh straight month in May. And a separate report last week revealed construction spending on data centers eclipsed $50 billion in April for the first time, which is more than all US government spending on construction of public transportation infrastructure. But the booming market for construction workers has only been enough to offset about a quarter of the job losses in information employment since the introduction of ChatGPT. Another major employer where economists say a similar AI impact may be spreading is the financial activities sector. It...