Rightwing Naftali Bennett and centrist Yair Lapid announce new party before Knesset vote expected later this year The Israeli prime minister, Benjamin Netanyahu, is facing the prospect of running against a rightwing-centrist super coalition in elections later this year after two of his most formidable political rivals combined forces in an attempt to oust him, inviting a third party leader to join...
Rightwing Naftali Bennett and centrist Yair Lapid announce new party before Knesset vote expected later this year The Israeli prime minister, Benjamin Netanyahu, is facing the prospect of running against a rightwing-centrist super coalition in elections later this year after two of his most formidable political rivals combined forces in an attempt to oust him, inviting a third party leader to join them. In a move that some analysts compared to the centre-right coalition that removed Viktor Orbán from power in Hungary , the former prime ministers – rightwing Naftali Bennett and centrist Yair Lapid – issued statements announcing the merger of their parties, Bennett 2026 and Yesh Atid (There is a Future). Continue reading...
JHVEPhoto/iStock Editorial via Getty Images Thesis Many analysts have already spoken on the boom-bust cycles that have plagued Micron ( MU ) and the semiconductor industry as a whole during the last 10 years. And, as of late, mounting evidence has surmised that this era may be over as we step into a period of extraordinary growth in the AI sector, and sustained growth at that. However, the reality...
JHVEPhoto/iStock Editorial via Getty Images Thesis Many analysts have already spoken on the boom-bust cycles that have plagued Micron ( MU ) and the semiconductor industry as a whole during the last 10 years. And, as of late, mounting evidence has surmised that this era may be over as we step into a period of extraordinary growth in the AI sector, and sustained growth at that. However, the reality is likely more nuanced than previously thought. The up/down cycles are, in fact, evolving, not completely disappearing, as AI-driven demand has raised the floor but not eliminated cyclicality in its entirety. Along with this, I see higher through-cycle margins justifying a structural re-rate that others have talked about before, and I surmise that current supply-demand constraints are driven by sustainable and rational complexity, making for longer upcycles into the future. Due to the reasons above, I am a Buy on $MU with ~50-55% upside as I see this phenomenon being priced in. Company Background I like to begin with a background of the company, and although I'm sure most readers already know how Micron operates, I believe it is important to provide context on the different segments that I will be speaking about later in the article. With that being said, Micron develops computer memory/storage technologies and primarily operates within two differentiated segments: DRAM Memory (Random-Access/Fast Memory): Designs, develops, and sells DRAM memory to be used on cloud servers, PCs, and consumer electronics. NAND Memory (Flash Storage/SSDs): Sells SSDs (Solid State Drives, NAND is a primary component) and other physical, long-term memory devices to be used in similar electronics as were stated above. Revenues are split on a roughly 80/20 basis ( 2025 10-K Page 8 and 9), those being the DRAM and NAND segments, respectively. Both of these segments/memory products are critical to the rapidly growing AI infrastructure, where most of Micron's revenue lies. AI models require immense...
JHVEPhoto/iStock Editorial via Getty Images Thesis Many analysts have already spoken on the boom-bust cycles that have plagued Micron ( MU ) and the semiconductor industry as a whole during the last 10 years. And, as of late, mounting evidence has surmised that this era may be over as we step into a period of extraordinary growth in the AI sector, and sustained growth at that. However, the reality...
JHVEPhoto/iStock Editorial via Getty Images Thesis Many analysts have already spoken on the boom-bust cycles that have plagued Micron ( MU ) and the semiconductor industry as a whole during the last 10 years. And, as of late, mounting evidence has surmised that this era may be over as we step into a period of extraordinary growth in the AI sector, and sustained growth at that. However, the reality is likely more nuanced than previously thought. The up/down cycles are, in fact, evolving, not completely disappearing, as AI-driven demand has raised the floor but not eliminated cyclicality in its entirety. Along with this, I see higher through-cycle margins justifying a structural re-rate that others have talked about before, and I surmise that current supply-demand constraints are driven by sustainable and rational complexity, making for longer upcycles into the future. Due to the reasons above, I am a Buy on $MU with ~50-55% upside as I see this phenomenon being priced in. Company Background I like to begin with a background of the company, and although I'm sure most readers already know how Micron operates, I believe it is important to provide context on the different segments that I will be speaking about later in the article. With that being said, Micron develops computer memory/storage technologies and primarily operates within two differentiated segments: DRAM Memory (Random-Access/Fast Memory): Designs, develops, and sells DRAM memory to be used on cloud servers, PCs, and consumer electronics. NAND Memory (Flash Storage/SSDs): Sells SSDs (Solid State Drives, NAND is a primary component) and other physical, long-term memory devices to be used in similar electronics as were stated above. Revenues are split on a roughly 80/20 basis ( 2025 10-K Page 8 and 9), those being the DRAM and NAND segments, respectively. Both of these segments/memory products are critical to the rapidly growing AI infrastructure, where most of Micron's revenue lies. AI models require immense...
(Bloomberg) -- China has decided to block Meta Platforms Inc.’s $2 billion acquisition of agentic AI startup Manus, a surprise move to unwind a controversial deal that’s drawn fire for the leakage of technology to the US.Most Read from BloombergThe Billion-Barrel Hormuz Oil Shock Is About to Crash DemandSergey Brin Confronted Gavin Newsom at a Treehouse Party — Then Launched a Political WarGunman ...
(Bloomberg) -- China has decided to block Meta Platforms Inc.’s $2 billion acquisition of agentic AI startup Manus, a surprise move to unwind a controversial deal that’s drawn fire for the leakage of technology to the US.Most Read from BloombergThe Billion-Barrel Hormuz Oil Shock Is About to Crash DemandSergey Brin Confronted Gavin Newsom at a Treehouse Party — Then Launched a Political WarGunman Detained, Trump Evacuated After Shooting at Press DinnerIran Offers Deal to US to Reopen Strait and
Meta Platforms Inc. is looking to power artificial intelligence data centers with solar energy collected in space, taking a novel approach to meeting its insatiable demand for electricity. The company said Monday that it clinched a deal for up to 1 gigawatt of space solar energy from Overview Energy, a startup seeking to collect sunlight in satellites orbiting Earth and convert it into electricity...
Meta Platforms Inc. is looking to power artificial intelligence data centers with solar energy collected in space, taking a novel approach to meeting its insatiable demand for electricity. The company said Monday that it clinched a deal for up to 1 gigawatt of space solar energy from Overview Energy, a startup seeking to collect sunlight in satellites orbiting Earth and convert it into electricity to support the grid. A gigawatt is roughly equivalent to the power generated by a nuclear reactor. Overview Energy’s vision for a space-based power plant that beams energy back to Earth is still hypothetical. The startup is continuing to develop and test its underlying technology, with plans to conduct an initial orbital demonstration in 2028. Meta declined to comment on the financial terms of the agreement, which would provide preferential access to Overview Energy’s future capacity. The companies said they expect commercial power delivery in 2030. Meta isn’t the only one looking to space to meet its data center needs. Elon Musk , Jeff Bezos and others have discussed putting the computing facilities themselves in orbit. Read More: Why AI Data Centers in Space Aren’t Totally Science Fiction For Meta, the move is part of a massive AI spending spree. The company is allocating hundreds of billions of dollars to secure the energy, infrastructure and computing capacity needed to support its artificial intelligence plans. It hopes that Overview Energy will offer it access to clean, “uninterrupted energy,” Nat Sahlstrom, Meta’s vice president of energy and sustainability, said in a statement. Meta’s AI ambitions have relied heavily on natural gas, which it has viewed as a more consistent and reliable form of energy than some cleaner sources. The company is supporting the development of 10 new gas-fired plants for its biggest AI data center campus, which it is currently building in rural Louisiana. Overview Energy, based in northern Virginia, is capitalizing on the idea that the s...
Getty Images By Samuel Rines Markets are being pulled in multiple directions. Geopolitical tensions, questions around Federal Reserve policy, and the rapid rise of artificial intelligence are all competing for investor attention. But while the headlines suggest instability, the underlying picture is more balanced. Looking past short-term noise reveals a market environment supported by reasonable v...
Getty Images By Samuel Rines Markets are being pulled in multiple directions. Geopolitical tensions, questions around Federal Reserve policy, and the rapid rise of artificial intelligence are all competing for investor attention. But while the headlines suggest instability, the underlying picture is more balanced. Looking past short-term noise reveals a market environment supported by reasonable valuations, resilient economic data, and emerging long-term opportunities. Geopolitics: Watching the Direction, Not the Headlines The most important shift in geopolitics today isn’t the latest headline, it’s the broader trajectory. While tensions in the Middle East have created volatility, the persistence of ceasefires and the continuation of negotiations point to something more constructive. Markets tend to respond not just to conflict, but to whether that conflict is escalating or stabilizing. The current environment suggests a move toward structured negotiations, particularly around key issues like nuclear policy and global energy routes. That shift matters. For investors, this means focusing less on day-to-day developments and more on what resolution could unlock. Regions and sectors that were pressured during periods of uncertainty, such as international equities and value-oriented segments, may be positioned to recover as conditions stabilize. Valuations and Earnings: Still on Solid Ground Despite concerns that markets may be stretched, valuations remain close to long-term averages. The S&P 500 is trading around levels that can reasonably be described as fair value, rather than excessive. At the same time, earnings continue to deliver. Expectations for double-digit growth highlight a market supported by fundamentals, not just sentiment. Technology remains the primary driver, but even here, valuations have moderated. Some of the largest companies tied to artificial intelligence are now trading at levels that look far more balanced than in prior years. This creates an un...
The sole restaurant on Hong Kong’s southernmost Po Toi Island may close after a half-century serving visiting hikers and boaters lured by the untouched coastline and placid bays. The owner of Ming Kee Seafood Restaurant, who gave his surname as Leung, said business had declined and he might be forced to close at the end of next month if he could not find a partner. “Running a restaurant is hard wo...
The sole restaurant on Hong Kong’s southernmost Po Toi Island may close after a half-century serving visiting hikers and boaters lured by the untouched coastline and placid bays. The owner of Ming Kee Seafood Restaurant, who gave his surname as Leung, said business had declined and he might be forced to close at the end of next month if he could not find a partner. “Running a restaurant is hard work, and I don’t want to continue any more, and the younger generation is not willing to take over,”...