South Korea’s SK Hynix became just the third Asian company to join the $1 trillion club as a breakneck surge in memory-chip stocks and an AI frenzy reshapes economies worldwide. (Source: Bloomberg)
South Korea’s SK Hynix became just the third Asian company to join the $1 trillion club as a breakneck surge in memory-chip stocks and an AI frenzy reshapes economies worldwide. (Source: Bloomberg)
Micron Technology (MU +19.29%) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (UBS +1.75%) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. Bu...
Micron Technology (MU +19.29%) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (UBS +1.75%) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. But based on Arcuri's price target, Micron could still soar another 85%. Trade like Nvidia Arcuri is much more bullish about Micron for one primary reason: He likes the company's long-term agreements with customers. Micron now has enhanced agreements with fixed volume commitments from customers that range from three to five years. Such deals were practically unheard of in the past for memory chip companies, but the market dynamics have changed dramatically thanks to artificial intelligence (AI) demand. These long-term agreements provide significant visibility in demand for Micron over the next few years. They should also make the company's earnings less lumpy. Sure, Micron may give up some revenue over the near term with these deals, but Arcuri likes the trade-off. The UBS analyst based his $1,625 price target assuming that Micron would generate earnings per share of between $117 and $155 over the next three years. He also expects the stock to trade at around 15 times forward earnings. However, Arcuri believes that there's no reason why Micron shouldn't trade similarly to Nvidia (NVDA 0.38%), which currently sports a forward price-to-earnings multiple of around 24.5. CNBC reported Arcuri as stating, "The market will start to put a more 'normal' multiple on the stock and MU will continue to rerate higher." UBS isn't the only Wall Street firm that has become more bullish about Micron in recent days. Citigroup (C +1.42%) nearly doubled its price target on the stock last week. However, analysts are having trouble keeping up with Micron's rapid gains. Citi's target of $840 is alre...
Micron Technology (NASDAQ: MU) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (NYSE: UBS) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. But...
Micron Technology (NASDAQ: MU) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (NYSE: UBS) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. But based on Arcuri's price target, Micron could still soar another 85%. Will AI create the world's first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need. Continue » Image source: Micron Technology. Trade like Nvidia Arcuri is much more bullish about Micron for one primary reason: He likes the company's long-term agreements with customers. Micron now has enhanced agreements with fixed volume commitments from customers that range from three to five years. Such deals were practically unheard of in the past for memory chip companies, but the market dynamics have changed dramatically thanks to artificial intelligence (AI) demand. These long-term agreements provide significant visibility in demand for Micron over the next few years. They should also make the company's earnings less lumpy. Sure, Micron may give up some revenue over the near term with these deals, but Arcuri likes the trade-off. The UBS analyst based his $1,625 price target assuming that Micron would generate earnings per share of between $117 and $155 over the next three years. He also expects the stock to trade at around 15 times forward earnings. However, Arcuri believes that there's no reason why Micron shouldn't trade similarly to Nvidia (NASDAQ: NVDA), which currently sports a forward price-to-earnings multiple of around 24.5. CNBC reported Arcuri as stating, "The market will start to put a more 'normal' multiple on the stock and MU will continue to rerate higher." UBS isn't the only Wall St...
Key Points UBS analyst Timothy Arcuri more than tripled his 12-month price target for Micron. Arcuri is bullish about the memory chip maker in large part because of its long-term agreements with customers. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close...
Key Points UBS analyst Timothy Arcuri more than tripled his 12-month price target for Micron. Arcuri is bullish about the memory chip maker in large part because of its long-term agreements with customers. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (NYSE: UBS) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. But based on Arcuri's price target, Micron could still soar another 85%. 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 » Trade like Nvidia Arcuri is much more bullish about Micron for one primary reason: He likes the company's long-term agreements with customers. Micron now has enhanced agreements with fixed volume commitments from customers that range from three to five years. Such deals were practically unheard of in the past for memory chip companies, but the market dynamics have changed dramatically thanks to artificial intelligence (AI) demand. These long-term agreements provide significant visibility in demand for Micron over the next few years. They should also make the company's earnings less lumpy. Sure, Micron may give up some revenue over the near term with these deals, but Arcuri likes the trade-off. The UBS analyst based his $1,625 price target assuming that Micron would generate earnings per share of between $117 and $155 over the next three years. He also expects the stock to trade at around 15 times forward earnings. However, Arcuri believes that there's no reason why Micron shouldn't trade similarly to Nvidia (NASDAQ: NVDA), which currently...
When investors look at artificial intelligence (AI) stocks, the biggest challenge is choosing which avenue is the best bet -- because nearly everywhere you look, there are multiple names from which to choose. Want to invest in AI chips? Nvidia is the biggest player, but it's challenged by Advanced Micro Devices and Broadcom. Hyperscalers like Amazon and Alphabet are designing their own chips, with...
When investors look at artificial intelligence (AI) stocks, the biggest challenge is choosing which avenue is the best bet -- because nearly everywhere you look, there are multiple names from which to choose. Want to invest in AI chips? Nvidia is the biggest player, but it's challenged by Advanced Micro Devices and Broadcom. Hyperscalers like Amazon and Alphabet are designing their own chips, with an eye on reducing their dependence on outside companies. And there's a new stock, Cerebras Systems, with a successful IPO, making chips more powerful than Nvidia's. It's already making some waves. Maybe cloud computing and AI infrastructure are better options? Good luck there, as Amazon, Microsoft, and Alphabet's Google Cloud are battling for supremacy. Want to invest in data centers? Your choices include Nebius Group, Iren, CoreWeave, and data center real estate investment trusts such as Digital Realty Trust and Equinix. Get the picture? There are choices everywhere. So if you really want the closest thing you can find to a sure thing in the AI space, the best bet you can make is on a company that has such a massive advantage that the top companies -- many of which we've already talked about here -- have no choice but to be customers. That leads us directly to Taiwan Semiconductor Manufacturing (TSM +2.11%). The math, in this case, doesn't lie. Expand NYSE : TSM Taiwan Semiconductor Manufacturing Today's Change ( 2.11 %) $ 8.55 Current Price $ 413.07 Key Data Points Market Cap $2.1T Day's Range $ 410.10 - $ 416.40 52wk Range $ 190.56 - $ 421.97 Volume 379.4K Avg Vol 13.7M Gross Margin 60.72 % Dividend Yield 0.81 % Taiwan Semiconductor has an incredible growth story Taiwan Semiconductor, also known as TSMC, doesn't make its own chips. But it's a foundry -- the largest foundry in the world that makes chips designed by other companies. And the growth of AI has had a dramatic impact on TSMC's revenue -- and how it gets its money. Since 2020, the percentage of revenue from hi...
Andranik Hakobyan/iStock via Getty Images In the first quarter of 2026, despite a challenging environment marked by rising U.S. Treasury yields and widening credit spreads, the Global X Investment Grade Corporate Bond ETF ( GXIG ) outperformed the benchmark Bloomberg U.S. Corporate Index based on both NAV and market price, largely through favorable security selection. The performance data quoted r...
Andranik Hakobyan/iStock via Getty Images In the first quarter of 2026, despite a challenging environment marked by rising U.S. Treasury yields and widening credit spreads, the Global X Investment Grade Corporate Bond ETF ( GXIG ) outperformed the benchmark Bloomberg U.S. Corporate Index based on both NAV and market price, largely through favorable security selection. The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. Total expense ratio: 0.15%. Inception date: 6/16/25. Market Review The Bloomberg U.S. Corporate Index recorded a return of -0.54% in the first quarter. An unfavorable environment due to reduced expectations for Federal Reserve (Fed) rate cuts, higher Japanese government bond yields, and the war with Iran negatively impacted performance. At the beginning of the first quarter, expectations for Fed rate cuts remained elevated. However, as further deterioration in the labor market proved limited and inflation concerns increased, expectations for additional rate cuts declined significantly following the January Federal Open Market Committee meeting. In addition, the sharp rise in Japanese government bond yields exerted upward pressure on U.S. Treasury yields. While Treasury yields declined in February due to a correction in risk asset prices, they rose sharply again in March as oil prices surged following the outbreak of war between the U.S. and Iran. Over the same period, U.S. Investment Grade (IG) credit spreads widened by 11 basis points (bps), with most of the widening occurring during February and March. 1 In February, credit spreads widened as hyperscalers such as Google and Amazon once again announced significant increases in capital spending, reigniting concerns o...
franckreporter/iStock via Getty Images By Brian Levitt, Chief Global Market Strategist and Head of Strategy & Insights My parents were fans of the TV show Sanford and Son. The Redd Foxx comedy aired on NBC from 1972 to 1975, ending just before I was born. I’ve never actually seen an episode, but that didn’t stop it from being part of my childhood. My parents quoted it constantly. Any time somethin...
franckreporter/iStock via Getty Images By Brian Levitt, Chief Global Market Strategist and Head of Strategy & Insights My parents were fans of the TV show Sanford and Son. The Redd Foxx comedy aired on NBC from 1972 to 1975, ending just before I was born. I’ve never actually seen an episode, but that didn’t stop it from being part of my childhood. My parents quoted it constantly. Any time something went wrong, or we surprised them in ways children tend to do, they’d clutch their chests, lean back, and declare, with theatrical distress, “It’s the big one. You hear that, Elizabeth. I’m coming to join you.” Of course, neither Fred Sanford nor my parents were having heart attacks, but instead overreacting to situations. I found myself thinking about that line last week. What rising Treasury yields may mean US Treasury yields moved higher, and the reaction in parts of the investment community felt familiar. 1 There was a sense that this might finally be it. The long-anticipated break in the Treasury market. The moment when deficits matter, when buyers disappear, when rates surge well beyond growth, and valuations adjust across all asset classes. In other words, the “big one.” The idea isn’t new. I’ve been hearing some versions of it since the beginning of my career, nearly three decades ago. The argument has always been that US debt is unsustainable and that interest rates must eventually reflect that reality. And yet, here we are with the feared break not materializing. The recent move in rates is worth unpacking because the drivers of the move matter. If this were truly the “big one,” we’d likely expect to see inflation expectations become unanchored. Despite the surge in energy prices, 2 that hasn’t happened. Inflation expectations have remained relatively contained. 3 That’s an important signal. It suggests that many investors still have confidence that inflation can be managed over time. Instead, the move higher in yields appeared to reflect a combination of modestl...
Key Points Taiwan Semiconductor's revenue and profits are rising as it earns more from high-performance computing. TSMC has an estimated 70% of the global chip manufacturing business. 10 stocks we like better than Taiwan Semiconductor Manufacturing › When investors look at artificial intelligence (AI) stocks, the biggest challenge is choosing which avenue is the best bet -- because nearly everywhe...
Key Points Taiwan Semiconductor's revenue and profits are rising as it earns more from high-performance computing. TSMC has an estimated 70% of the global chip manufacturing business. 10 stocks we like better than Taiwan Semiconductor Manufacturing › When investors look at artificial intelligence (AI) stocks, the biggest challenge is choosing which avenue is the best bet -- because nearly everywhere you look, there are multiple names from which to choose. Want to invest in AI chips? Nvidia is the biggest player, but it's challenged by Advanced Micro Devices and Broadcom. Hyperscalers like Amazon and Alphabet are designing their own chips, with an eye on reducing their dependence on outside companies. And there's a new stock, Cerebras Systems, with a successful IPO, making chips more powerful than Nvidia's. It's already making some waves. 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 » Maybe cloud computing and AI infrastructure are better options? Good luck there, as Amazon, Microsoft, and Alphabet's Google Cloud are battling for supremacy. Want to invest in data centers? Your choices include Nebius Group, Iren, CoreWeave, and data center real estate investment trusts such as Digital Realty Trust and Equinix. Get the picture? There are choices everywhere. So if you really want the closest thing you can find to a sure thing in the AI space, the best bet you can make is on a company that has such a massive advantage that the top companies -- many of which we've already talked about here -- have no choice but to be customers. That leads us directly to Taiwan Semiconductor Manufacturing (NYSE: TSM). The math, in this case, doesn't lie. Taiwan Semiconductor has an incredible growth story Taiwan Semiconductor, also known as TSMC, doesn't make its own chips. But it's a foundry -- the largest foundry in t...