Micron stock surpassed a $1 trillion marker cap on Tuesday, thanks to a rally fueled by UBS's highly bullish call for the chipmaker. The investment bank lifted its price target for the semiconductor firm to $1,625, up from its prior target of $535 a share. The new target implies a 90% increase in Micron over the next 12 months — a rally that's likely to be driven by surging AI demand and the compa...
Micron stock surpassed a $1 trillion marker cap on Tuesday, thanks to a rally fueled by UBS's highly bullish call for the chipmaker. The investment bank lifted its price target for the semiconductor firm to $1,625, up from its prior target of $535 a share. The new target implies a 90% increase in Micron over the next 12 months — a rally that's likely to be driven by surging AI demand and the company's long-term agreements, analysts wrote in a note on Tuesday. Shares of Micron soared as much as 18% on Tuesday as the forecast made rounds among investors and wowed stock watchers on social media. The rally drove Micron to a $1 trillion valuation for the first time. Shares of the chipmaker are up 208% year-to-date. UBS said it was raising its estimates and earnings expectations for Micron over the next three years, pointing to the company's long-term agreements "firmly in place across most of the industry." Micron is also expected to generate more than $400 billion in free cash flow from 2027-2029, they added. "We believe the market will start to put a more 'normal' multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex," UBS said, adding "we see no reason why MU should trade a whole lot differently than NVDA in terms of P/E." The company was also in the spotlight after President Donald Trump shouted out the stock when speaking at rally in New York on Friday. "Micron, boy Micron's great, they're investing hundreds of billions," the president said. The comment has fueled speculation that the US government could eventually take a stake in Micron as it did with Intel and other companies deemed critical to US interests. Traders on Polymarket priced in a 34% chance that the government could purchase a stake in Micron by the end of the year. Trump purchased shares of Micron worth $50,000 to $100,000 in March, per his latest trading disclosure.
Nokia stock (NYSE:NOK) was founded in 1865 as a paper mill. In 2026, it has somehow become one of the market’s hottest AI infrastructure stocks. NOK is up roughly 140% year-to-date, climbing from around $6.50 at the start of the year to a 52-week high of $15.78 in May. The big turning point came in October 2025 when Nvidia invested $1 billion in Nokia at $6.01 per share, taking about a 3% stake. T...
Nokia stock (NYSE:NOK) was founded in 1865 as a paper mill. In 2026, it has somehow become one of the market’s hottest AI infrastructure stocks. NOK is up roughly 140% year-to-date, climbing from around $6.50 at the start of the year to a 52-week high of $15.78 in May. The big turning point came in October 2025 when Nvidia invested $1 billion in Nokia at $6.01 per share, taking about a 3% stake. The partnership is focused on AI-RAN, a system that combines AI workloads with wireless network infrastructure. Nokia and Nvidia are building it together, with T-Mobile already signed on as the first deployment partner. Investors immediately saw Nokia differently after that deal. Then Q1 2026 earnings added even more fuel. Revenue came in at 4.5 billion euros, up 4% year over year, while comparable operating profit jumped 54% to 281 million euros. EPS rose to 0.05 euros from 0.03 euros a year ago, beating estimates by roughly 31%. The biggest growth came from AI infrastructure demand. Sales to AI and cloud customers surged 49%, and Nokia booked 1 billion euros in new cloud orders during the quarter, mostly tied to optical networking equipment used inside massive AI data centers. That Optical Networks segment grew 20% in Q1 as hyperscalers rushed to build AI capacity. CEO Justin Hotard said cloud giants are expected to spend more than $700 billion collectively on AI infrastructure. After the strong quarter, Nokia raised guidance. Network Infrastructure growth is now expected at 12% to 14%, while Optical and IP Networks are projected to grow 18% to 20%. Full-year operating profit guidance sits between 2.0 billion and 2.5 billion euros. See how Nokia’s financials compare to its peers, Apple, Vertiv, Telefonaktiebolaget L M Ericsson, FiEE and Silynxcom. The company is also spending heavily to keep up with demand, raising capex guidance to as much as 1 billion euros to expand optical manufacturing capacity. In May, Nokia opened an AI Networking Innovation Lab in Sunnyvale, Califo...
A potential IPO from SpaceX could dramatically reshape the history of global public offerings, with the Elon Musk-led company reportedly targeting a valuation that would eclipse every previous stock market debut. If current expectations hold, SpaceX could raise far more capital than any company before it and potentially become the first IPO to debut with a valuation approaching $2 trillion. That w...
A potential IPO from SpaceX could dramatically reshape the history of global public offerings, with the Elon Musk-led company reportedly targeting a valuation that would eclipse every previous stock market debut. If current expectations hold, SpaceX could raise far more capital than any company before it and potentially become the first IPO to debut with a valuation approaching $2 trillion. That would place it well ahead of the largest offerings that have defined public markets over the past three decades. Saudi Aramco still holds the all-time IPO record At present, the world’s largest IPO remains the 2019 listing of Saudi Aramco, which raised $25.6 billion when it debuted on the Saudi stock exchange. That offering overtook the long-standing record previously held by Alibaba Group, whose 2014 New York listing raised $21.8 billion and became a landmark moment for global technology IPOs. Just behind Alibaba sits SoftBank Group, which raised $21.3 billion in its 2018 public offering. Other historic mega-listings include Japan’s NTT Mobile at $18.1 billion in 1998, Visa at $17.9 billion in 2008, and insurer AIA Group, which raised $17.8 billion in 2010. Europe’s largest names on the list include Enel at $16.5 billion in 1999, while Meta Platforms raised $16 billion during its highly anticipated Facebook IPO in 2012. Rounding out the top rankings is General Motors, whose return to public markets in 2010 generated $15.8 billion. SpaceX could surpass every previous deal What makes the prospective SpaceX offering so remarkable is not only the expected valuation, but also the scale of capital the company may attempt to raise. Reports surrounding the IPO have suggested SpaceX could seek to raise more than $75 billion — nearly three times the size of Saudi Aramco’s record-setting deal. If achieved, it would instantly become the largest IPO ever completed by a massive margin. The anticipated listing also reflects how dramatically investor appetite has shifted toward artificial ...
Hammer Films’ horror masterpiece Dracula is to be rereleased in UK cinemas in October, including footage believed to have been lost for more than six decades after it was deemed too gruesome for audiences. The 1958 movie starring Christopher Lee as Count Dracula and Peter Cushing as Doctor Van Helsing has been fully restored in 4K. The restoration reinstates footage previously seen only by audienc...
Hammer Films’ horror masterpiece Dracula is to be rereleased in UK cinemas in October, including footage believed to have been lost for more than six decades after it was deemed too gruesome for audiences. The 1958 movie starring Christopher Lee as Count Dracula and Peter Cushing as Doctor Van Helsing has been fully restored in 4K. The restoration reinstates footage previously seen only by audiences at the film’s original Japanese theatrical release in 1958. The recovered material, which was discovered in a Warner Bros warehouse, has never been released before in the UK or US and has never appeared on home entertainment in any territory. The chief executive of Hammer Films, John Gore, called it “the recovery of a piece of British film history that audiences believed had been lost for ever”. Speaking to Deadline, he explained that censors and distributors had cut the footage after audiences fainted during screenings when Lee’s vampire lunged at the neck of his victims, his fangs dripping with blood. “It was the fangs that scared them,” he said. “People were screaming, which was the point.” The film changed the landscape of horror cinema, with a famous scene of Lee looming at the top of a dark staircase and declaring: “I am Dracula”. His performance redefined the on-screen vampire for generations, introducing the bloodshot eyes, predatory fangs and visceral physicality, while Cushing delivered what is widely regarded as the definitive screen portrayal of Van Helsing, a fearless, intelligent vampire hunter. View image in fullscreen A poster promoting the 1958 film. Photograph: Ronald Grant “Think of every Halloween and you see all those fangs – that’s a Hammer and Christopher Lee invention,” Gore said. “It all started when Christopher Lee said ‘I want more teeth with this’, so they came up with something that had some bite.” Gore said Bela Lugosi had no fangs when he played Dracula in Tod Browning’s 1931 film, and the count in FW Murnau’s 1922 classic Nosferatu “was li...
Key Points Disney World is kicking off new rides and air-conditioned character experiences to draw crowds from the competition this summer. Despite the opening of Comcast's Universal Epic Universe last May, Disney's experiences segment keeps growing over the past year. Disney stock has fallen 7% over the past year, but rival Comcast has taken an even bigger hit. 10 stocks we like better than Walt ...
Key Points Disney World is kicking off new rides and air-conditioned character experiences to draw crowds from the competition this summer. Despite the opening of Comcast's Universal Epic Universe last May, Disney's experiences segment keeps growing over the past year. Disney stock has fallen 7% over the past year, but rival Comcast has taken an even bigger hit. 10 stocks we like better than Walt Disney › After yielding the spotlight to its crosstown Florida rival last summer, Walt Disney (NYSE: DIS) is making sure that it's the one standing out this time around. Several new attractions officially opened across Disney World's gated attractions on Tuesday morning. It's a different situation than it was heading into the 2025 summer travel season. When Comcast (NASDAQ: CMCSA) officially opened Universal Epic Universe in late May of last year, it was the first major U.S. theme park to open in 24 years. The richly themed portals at Universal's Epic Universe in Orlando were going to draw enthusiasts and the curious. 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 » Disney didn't exactly phone it in last summer. It introduced a rethemed attraction inside the iconic Tree of Life at Disney's Animal Kingdom. It also launched a busy slate of summertime-themed activities. It wasn't going to be enough to compete against the shiny allure of an entire new theme park opening miles away. With a quiver full of ammo this time, Disney World is unlikely to miss its mark this summer. The summer of all parts Despite an empire of five Universal theme park resorts worldwide -- with a sixth destination in the works for the United Kingdom -- the arrival of Epic Universe midway through the second quarter of last year was enough to boost the segment's revenue by 19%. The first full period of operations for Epic Universe in the ...
The S&P 500 Index ($SPX) (SPY) today is up +0.81%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.74%. June E-mini S&P futures (ESM26) are up +0.77%, and June E-mini Nasdaq futures (NQM26) are up +1.71%. Stock indexes are mostly rallying today, with the S&P 500 and Nasdaq 100 posting new all-time highs. Stocks are finding support as a...
The S&P 500 Index ($SPX) (SPY) today is up +0.81%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.74%. June E-mini S&P futures (ESM26) are up +0.77%, and June E-mini Nasdaq futures (NQM26) are up +1.71%. Stock indexes are mostly rallying today, with the S&P 500 and Nasdaq 100 posting new all-time highs. Stocks are finding support as a drop in crude oil prices and bond yields fuels a rally in technology stocks after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. According to the Washington Post, the US and Iran have developed a memorandum that would extend the ceasefire by 60 days as the two sides seek a permanent deal, and if agreed, the Strait of Hormuz would be de-mined and reopened in the meantime. Secretary of State Rubio said negotiations will still "take a few days" as both sides discuss language in an initial document. WTI crude oil fell to a 2.5-week low today, and the 10-year T-note yield fell to a 1.5-week low of 4.47%. However, stock index futures were undercut after the US Central Command said US forces struck Iranian missile-launch sites and boats trying to place mines in the Strait of Hormuz. Also, weakness in health insurance stocks and energy producers has knocked the Dow Jones Industrial Average into negative territory. US economic news today is mixed for stocks. The Apr Chicago Fed National Activity Index rose +0.29 to a 13-month high of 0.14, stronger than expectations of -0.03. Also, the Mar S&P Composite-20 home price index rose +0.83% y/y, a smaller increase than the +0.90% y/y expected and the smallest year-on-year gain in more than 2.5 years. In addition, the Conference Board US May consumer confidence index fell -0.7 to 93.1, a smaller decline than expectations of 92.0. WTI crude oil prices (CLM26) remain extremely volatile and are susceptible to headlines from the Iran war. Crude oil prices fell more than -2% today t...
Memory-chip maker Micron Technology (MU) scored a bullish report from a Wall Street analyst on Tuesday. Micron stock surged to a record high. UBS analyst Timothy Arcuri maintained his buy rating on Micron stock and raised his 12-month price target to 1,625 from 535. In morning trades on the stock market today, Micron stock jumped more than 17% to 879.13.…
Memory-chip maker Micron Technology (MU) scored a bullish report from a Wall Street analyst on Tuesday. Micron stock surged to a record high. UBS analyst Timothy Arcuri maintained his buy rating on Micron stock and raised his 12-month price target to 1,625 from 535. In morning trades on the stock market today, Micron stock jumped more than 17% to 879.13.…
Oklo (NYSE:OKLO) has become a poster child for the nuclear renaissance powering the AI buildout, and the advanced fission developer just stacked another regulatory and fuel-supply win onto a thesis built entirely on future revenue. The Santa Clara company has been selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium ... Oklo Moves One Step Closer to Comme...
Oklo (NYSE:OKLO) has become a poster child for the nuclear renaissance powering the AI buildout, and the advanced fission developer just stacked another regulatory and fuel-supply win onto a thesis built entirely on future revenue. The Santa Clara company has been selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium ... Oklo Moves One Step Closer to Commercialization
Oklo (OKLO +6.19%) stock soared 7.5% through 10:45 a.m. ET Tuesday morning after announcing the U.S. Department of Energy (DOE) has chosen it -- and four other nuclear power companies -- to negotiate for the right to participate in the Department's Surplus Plutonium Utilization Program. What is the Surplus Plutonium Utilization Program? Most nuclear reactors run on uranium fuel, which, as it decay...
Oklo (OKLO +6.19%) stock soared 7.5% through 10:45 a.m. ET Tuesday morning after announcing the U.S. Department of Energy (DOE) has chosen it -- and four other nuclear power companies -- to negotiate for the right to participate in the Department's Surplus Plutonium Utilization Program. What is the Surplus Plutonium Utilization Program? Most nuclear reactors run on uranium fuel, which, as it decays, can transform into plutonium-239 (which fissions to produce heat), unless it absorbs another neutron to form plutonium-240 (which doesn't fission as easily) or another neutron to form plutonium-241 (which does)! The even-numbered isotopes that don't decay as easily accumulate over time, and can eventually end up as "spent" nuclear fuel, but even this fuel can be recycled into something a nuclear fast reactor can use as fuel. It's this fuel that Oklo would receive if it joins the program. Expand NYSE : OKLO Oklo Today's Change ( 6.19 %) $ 4.08 Current Price $ 69.96 Key Data Points Market Cap $11B Day's Range $ 69.20 - $ 73.29 52wk Range $ 44.88 - $ 193.84 Volume 383K Avg Vol 11.5M What's next for Oklo If chosen, Oklo would partner with "newcleo," a European developer of advanced nuclear reactors, to help build its own reactors fueled with plutonium. This would "solve" several problems at once: First, by reducing "nuclear waste," second, by creating electricity to help fuel the artificial intelligence revolution, and third, by giving Oklo another source of fuel for its reactors. As Oklo CEO Jacob DeWitte confides, "fuel supply constraints are a key throttle to advanced reactor development," but "this program creates a pathway to use existing surplus material as bridge fuel for advanced reactors to bring more reactors online sooner." Admittedly, "sooner" is a relative term. Newcleo is currently in a "pre-application engagement" with the U.S. Nuclear Regulatory Commission on its proposals to build both an advanced fuel fabrication facility and a lead-cooled fast reactor. Tod...
As the first quarter earnings draws to a close, investors are focusing on updated quant ratings for firms for cues on their investments. Seeking Alpha’s quant ratings awards grades based on quantitative measures, like valuation, earnings growth, and recent stock performance. The highest possible score for any individual company is a 5. Below is a snapshot of large-cap and mega-cap consumer staple ...
As the first quarter earnings draws to a close, investors are focusing on updated quant ratings for firms for cues on their investments. Seeking Alpha’s quant ratings awards grades based on quantitative measures, like valuation, earnings growth, and recent stock performance. The highest possible score for any individual company is a 5. Below is a snapshot of large-cap and mega-cap consumer staple companies with market capitalizations exceeding $10B, highlighting the highest- and lowest-rated stocks by quant score following earnings season, and showcasing which companies improved their fundamentals versus those that underperformed. Top-quant rated stocks: Ambev ( ABEV ); Quant Rating: 4.82, Strong Buy Archer-Daniels-Midland Company ( ADM ); Quant Rating: 4.79, Strong Buy Bunge Global SA ( BG ); Quant Rating: 4.69, Strong Buy Smithfield Foods, Inc. ( SFD ); Quant Rating: 4.60, Strong Buy Tyson Foods, Inc. ( TSN ); Quant Rating: 4.27, Buy Bottom quant rated stocks: Beiersdorf Aktiengesellschaft ( BDRFY ); Quant Rating: 1.20, Strong Sell BJ's Wholesale Club Holdings, Inc. ( BJ ); Quant Rating: 1.55, Sell Kerry Group plc ( KRYAY ); Quant Rating: 1.71, Sell Pernod Ricard SA ( PRNDY ); Quant Rating: 1.72, Sell Reckitt Benckiser Group plc ( RBGLY ); Quant Rating: 1.73, Sell More on Consumer Staples BJ's Wholesale Club: After Q1, The Hold Case Still Makes Sense BJ's maintains FY2026 guidance for 2%-3% comps ex gas and $4.40-$4.60 EPS as Texas membership runs 33% ahead of plan BJ's Wholesale Club gains after strong membership fee income growth in Q1
HJBC/iStock Editorial via Getty Images Amazon: The Market Realizes Its Incredible Durability Almost a month has passed since Amazon's first quarter earnings ( AMZN ). So I think we already have a good enough opportunity to take a look at how market sentiment has played out, as we can ascertain whether a new advancing phase is readily upon us. Now, as a quick reminder, I did downgrade my rating on ...
HJBC/iStock Editorial via Getty Images Amazon: The Market Realizes Its Incredible Durability Almost a month has passed since Amazon's first quarter earnings ( AMZN ). So I think we already have a good enough opportunity to take a look at how market sentiment has played out, as we can ascertain whether a new advancing phase is readily upon us. Now, as a quick reminder, I did downgrade my rating on Amazon in my pre-earnings piece. Back then I thought the multiples were looking on the high side, as the company needed to navigate a significant reduction in its free cash flow margins for FY2026. It was always good to consider the risk-reward with a bit more caution as we headed into the earnings scorecard. Shift from training to inference benefits AWS. (Stratechery) Coming out of it, I am beginning to better appreciate Amazon's durability, as Stratechery presented it in a May write-up, demonstrating to us just how long-term looking Amazon is in the entire ecosystem. For a while it seems like Amazon's investment in its chips programs may not quite pan out as it continues to be second fiddle to what Nvidia ( NVDA ) is putting out there, right? With Nvidia being on the frontier side, Amazon is always catching up in terms of capabilities. Now that the zeitgeist has moved from training to inference, especially with the advent and anticipated proliferation of AI agents in enterprise, it seems like Amazon's chip architecture is now finally ready for prime time. So this massive Amazon ecosystem that we know of transcends beyond its core business, which is the physical goods business. Where it involves building massive fulfillment infrastructure to maximize the leverage for its e-commerce setup. Amazon expanding its third-party logistics business (The Wall Street Journal) We know that recently Amazon has also expanded its supply chain solutions, sparking a sell-off for its freight and logistics rivals as it managed to secure flagship customers, including Procter & Gamble ( PG ) a...
JHVEPhoto/iStock Editorial via Getty Images Despite the soaring stock market, investors this year remain quite concerned about a choppy macroeconomy, especially for companies that have direct exposure to weaker consumer spending. And while most retail companies catering to both lower- and higher-income consumers are feeling a pinch, there are some luxury companies that potentially illustrate the e...
JHVEPhoto/iStock Editorial via Getty Images Despite the soaring stock market, investors this year remain quite concerned about a choppy macroeconomy, especially for companies that have direct exposure to weaker consumer spending. And while most retail companies catering to both lower- and higher-income consumers are feeling a pinch, there are some luxury companies that potentially illustrate the emergence of the “K-shaped economy” with more inflexible spending at the high end. Canada Goose ( GOOS ), the maker of $1,000+ jackets and winter wear, is demonstrating this amply with its latest results. Defying the tough macro, Canada Goose’s sales have accelerated recently, making the company an outlier in a weakened retail environment. At the same time, its stock continues to decline, with shares down roughly 30% since the start of the year. Data by YCharts I last wrote a buy article on Canada Goose in February, when the stock was trading at $12 per share. Since then, Canada Goose has missed out on the historic rally in the S&P 500 to new highs; in fact, the stock has been testing new lows, despite the fact that fundamental trends appear on solid ground. There’s a widening gap here between Canada Goose’s perception in the stock market and its actual performance. This stock represents a great way to buy “growth at a reasonable price” and insulate our portfolios with a stock that has little to do with the overcrowded, overvalued AI/data center trade. I reiterate my buy rating here. As a reminder for investors who are newer to this stock, here are the core reasons to be long on Canada Goose: Healthy comp sales. In a very tough retail environment. Most apparel brands are showcasing flat to declining comp sales trends. Canada Goose, by contrast, has been achieving accelerating comps, driven by pricing actions plus a deeper clothing assortment. Expanding beyond winter wear. Though Canada Goose remains highly seasonal and does most of its business during the winter months, the ...