Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Micron Technology (MU) has become a focal point for investors after its market value crossed US$1t, a move closely tied to intense AI driven demand for high bandwidth memory in data centers. See our latest analysis for Micron Technology. At a share price of US...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Micron Technology (MU) has become a focal point for investors after its market value crossed US$1t, a move closely tied to intense AI driven demand for high bandwidth memory in data centers. See our latest analysis for Micron Technology. At a share price of US$923.52, Micron has had a powerful run, with a 30 day share price return of 83.13% and year to date share price return of 192.79%. The 1 year total shareholder return is extremely high, reflecting how rapidly sentiment around AI memory demand has shifted in Micron’s favor. If Micron’s surge has you looking beyond a single stock, this is a good moment to see which other companies are riding the same AI infrastructure build out through 47 AI infrastructure stocks With Micron now valued at about US$1.0t and trading well above the average analyst price target of US$674.23, investors face a straightforward question: is this still an early entry into an AI memory leader, or is the market already pricing in years of growth? Most Popular Narrative: 82% Overvalued According to the most widely followed narrative on Micron, the fair value sits at $507.88 per share, well below the recent close at $923.52. This sets up a tension between narrative expectations and current market pricing. In conclusion, Micron Technology stands at a fascinating crossroads where the promise of a powerful, AI-driven supercycle meets the persistent risks of a volatile industry. The core investment thesis is a bet that the structural, long-term demand for high-performance memory, particularly HBM, will be strong enough to fundamentally change the company's profitability and mitigate the historical boom-and-bust cycles. Read the complete narrative. Curious what sits behind that confidence in HBM, margin strength, and long term earnings power, all feeding into a much lower fair value than today’s price, the ful...
Good morning . SpaceX scales back its IPO valuation as it gears up for the big day. The summer internship may be the latest AI casualty. And we look at why the food industry is now all about over-the-top flavors. Listen to the day’s top stories . — Marc Perrier Market Snapshot S&P 500 Futures 7,590.25 +0.1% Nasdaq 100 Futures 30,344.75 +0.1% WTI crude oil futures $87.07 -2.1% Market data as of 07:...
Good morning . SpaceX scales back its IPO valuation as it gears up for the big day. The summer internship may be the latest AI casualty. And we look at why the food industry is now all about over-the-top flavors. Listen to the day’s top stories . — Marc Perrier Market Snapshot S&P 500 Futures 7,590.25 +0.1% Nasdaq 100 Futures 30,344.75 +0.1% WTI crude oil futures $87.07 -2.1% Market data as of 07:02 AM ET. Data is subject to provider delays. SpaceX pared back its valuation target to at least $1.8 trillion in its initial public offering , people familiar said, as Elon Musk’s rocket and artificial intelligence company nears its market debut. The company, which was reported in April to be seeking a valuation above $2 trillion, tweaked its expectations following discussions with advisers and investors. Here’s a look at how SpaceX’s IPO will define the AI boom . Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad. Thursday’s incident is a setback for the Jeff Bezos-backed firm’s efforts to challenge SpaceX, as well as Amazon’s ambitions to build out its Leo satellite network . US futures held steady as traders waited to see whether Washington and Iran can finalize a peace deal and ease tensions in the Middle East . Brent crude is on track for its biggest monthly decline since 2020 amid growing optimism that shipments through the Strait of Hormuz will return to normal. Check out the latest market themes here . College Mergers Take a Long Time. Trump Officials Want to Speed Them Up Read more Dell Technologies shares surged in premarket trading after the hardware maker gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power AI work. In other tech news, Apollo Global Management and Blackstone are said to be working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic PBC build out its AI infrastructure . And get ready for...
Wealthfront Advisers LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,576,668 shares of the iPhone maker's stock after purchasing an additional 102,111 shares during the quarter. Apple makes up 1.0% of Wealthfront Adv...
Wealthfront Advisers LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,576,668 shares of the iPhone maker's stock after purchasing an additional 102,111 shares during the quarter. Apple makes up 1.0% of Wealthfront Advisers LLC's portfolio, making the stock its 20th biggest holding. Wealthfront Advisers LLC's holdings in Apple were worth $428,633,000 as of its most recent SEC filing. Several other institutional investors have also recently made changes to their positions in AAPL. First National Bank of Hutchinson grew its position in shares of Apple by 24.6% during the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after purchasing an additional 6,982 shares in the last quarter. Eagle Capital Management LLC grew its holdings in Apple by 0.5% during the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after buying an additional 272 shares in the last quarter. Brighton Jones LLC grew its holdings in Apple by 14.8% during the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after buying an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Apple by 4.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after buying an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE grew its holdings in Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock valued at $12,587,000 after buying an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 67.7...
The aluminum market is facing a deepening shortage as the closure of the Strait of Hormuz throttles supply, with spot prices for the metal spiking while exchange inventories slump. Aluminum buyers globally have been rocked by the conflict in the Gulf, which accounts for nearly 10% of global supply. While there is renewed optimism about a resolution to the tensions , the prolonged shutdown of the s...
The aluminum market is facing a deepening shortage as the closure of the Strait of Hormuz throttles supply, with spot prices for the metal spiking while exchange inventories slump. Aluminum buyers globally have been rocked by the conflict in the Gulf, which accounts for nearly 10% of global supply. While there is renewed optimism about a resolution to the tensions , the prolonged shutdown of the strait and the direct attacks on smelters in the region have prompted warnings that the industry is facing its biggest shortages in decades. There were fresh signs of supply stress on Friday, as spot aluminum prices surged to a $97-a-ton premium to three-month futures on the London Metal Exchange, reaching the highest level since 2007. Read More: Key Japanese Aluminum Fee Set for Record as War Squeezes Supply Premiums for spot contracts — known as backwardation — are a classic sign that supply is running short of demand, and the recent surge in the spread comes as readily available inventories on the LME approach historically low levels. Combined stockpiles tracked by the LME, CME Group, and the Shanghai Futures Exchange would cover global supply for less than five days, according to Bloomberg calculations. That’s the lowest level of cover of the six main metals traded on the LME, and represents a major shift for an industry that’s historically been plagued by oversupply. Three-month aluminum prices have rallied more than 15% since the start of the conflict, and were trading steady near $3,660 a ton as of 11:56 a.m. local time on the LME on Friday. Prices hit a four-year high above $3,700 a ton earlier in the week, and banks including JPMorgan and Citigroup have predicted a move to $4,000 a ton. Copper and nickel were also little changed, while zinc, lead and tin edged higher.
SpaceX's planned initial public offering (IPO) on June 12 is one of the most anticipated public debuts in years. Many savvy investors are trying to figure out where the company could be headed during the next few years, using information from the company's recent S-1 filing with the Securities and Exchange Commission. Tesla (TSLA +0.42%) chief executive officer and SpaceX founder Elon Musk has tou...
SpaceX's planned initial public offering (IPO) on June 12 is one of the most anticipated public debuts in years. Many savvy investors are trying to figure out where the company could be headed during the next few years, using information from the company's recent S-1 filing with the Securities and Exchange Commission. Tesla (TSLA +0.42%) chief executive officer and SpaceX founder Elon Musk has touted his company's focus on sending humans to Mars and its intentions to "transform the rocket launch industry into airline-like operations." Yet SpaceX spends at least three times more on artificial intelligence (AI) than it does on its rockets segment. Not only that, its losses from AI are much bigger than the losses from its rocket business. With the SpaceX IPO rapidly approaching, should potential investors be concerned about the company's enormous AI capital expenditures (capex) and losses? Let's take a look. SpaceX has moonshots that don't involve the moon or Mars If you've followed Elon Musk for any amount of time, it's probably not that surprising to find out that his rocket company is making big bets in AI. Musk's xAI company merged with SpaceX in February. Musk often combines companies he owns and their adjacent technologies with his other companies. He once started an energy company, SolarCity, that was eventually acquired by Tesla. And last year, xAI acquired Musk's X social media company (formerly Twitter). There's already plenty of speculation that SpaceX and Tesla could merge as soon as next year, as Tesla begins to focus its attention on autonomous systems and humanoid robotics. Here's a quick look at SpaceX's capex spending for its three main segments, as well as its profits and operating losses for each: SpaceX Segment 2025 Capex 2025 Operating income (loss) Space $3.8 billion ($657 million) AI $12.7 billion ($6.3 billion) Connectivity (Starlink) $4.1 billion $4.4 billion As I mentioned earlier, SpaceX invested more than three times as much in AI as it did ...
Key Points SpaceX spent $12.7 billion on AI last year, and capital expenditures are rising even faster this year. The company believes these early investments could give it an advantage in space-based artificial intelligence data centers. SpaceX may be making the right bet on AI, but it's unclear if its spending spree will pay off. These 10 stocks could mint the next wave of millionaires › SpaceX'...
Key Points SpaceX spent $12.7 billion on AI last year, and capital expenditures are rising even faster this year. The company believes these early investments could give it an advantage in space-based artificial intelligence data centers. SpaceX may be making the right bet on AI, but it's unclear if its spending spree will pay off. These 10 stocks could mint the next wave of millionaires › SpaceX's planned initial public offering (IPO) on June 12 is one of the most anticipated public debuts in years. Many savvy investors are trying to figure out where the company could be headed during the next few years, using information from the company's recent S-1 filing with the Securities and Exchange Commission. Tesla (NASDAQ: TSLA) chief executive officer and SpaceX founder Elon Musk has touted his company's focus on sending humans to Mars and its intentions to "transform the rocket launch industry into airline-like operations." 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 » Yet SpaceX spends at least three times more on artificial intelligence (AI) than it does on its rockets segment. Not only that, its losses from AI are much bigger than the losses from its rocket business. With the SpaceX IPO rapidly approaching, should potential investors be concerned about the company's enormous AI capital expenditures (capex) and losses? Let's take a look. SpaceX has moonshots that don't involve the moon or Mars If you've followed Elon Musk for any amount of time, it's probably not that surprising to find out that his rocket company is making big bets in AI. Musk's xAI company merged with SpaceX in February. Musk often combines companies he owns and their adjacent technologies with his other companies. He once started an energy company, SolarCity, that was eventually acquired by Tesla. And last year, xAI acquired M...
Kindamorphic Mission Produce ( AVO ) closed on the acquisition of Calavo Growers, which is now a wholly owned subsidiary of the company. Under the terms of the agreement, Calavo ( CVGW ) shareholders received $26.05 per share, comprised of $14.85 in cash and 0.9790 shares of Mission common stock for each share of Calavo ( CVGW ) held. The company said the acquisition unites two of North America’s ...
Kindamorphic Mission Produce ( AVO ) closed on the acquisition of Calavo Growers, which is now a wholly owned subsidiary of the company. Under the terms of the agreement, Calavo ( CVGW ) shareholders received $26.05 per share, comprised of $14.85 in cash and 0.9790 shares of Mission common stock for each share of Calavo ( CVGW ) held. The company said the acquisition unites two of North America’s most established avocado companies, building on Mission's ( AVO ) position as a leader in the worldwide fresh produce business. The addition of Calavo ( CVGW ) is expected to further strengthen Mission's ( AVO ) vertically integrated global network, enhancing sourcing and packing capabilities, improving asset utilization across the network, broadening its reach across complementary fresh produce categories, and accelerating its entry into the high-margin, high-growth prepared foods segment. "Mission’s vertically integrated platform, combined with Calavo’s sourcing capabilities, value-added offerings, and deep customer relationships, gives us the scale and the operational foundation to deliver greater value across the supply chain, including opportunities to capture additional integration benefits over time," highlighted Mission Produce CEO John Pawlowski. Earlier in the week, the deal was approved by regulators in Mexico. More on Mission Produce Mission Produce Stock Is Cheap, But Risks Remain Mission Produce, Inc. (AVO) Q1 2026 Earnings Call Transcript Mission Produce outlines $25M synergy target and prepares for Calavo acquisition while expanding avocado volume 14% Mission Produce Non-GAAP EPS of $0.10 beats by $0.03, revenue of $278.6M beats by $17.87M Seeking Alpha’s Quant Rating on Mission Produce
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Brody Ford reports on the way company executives talk about artificial intelligence. Tech Across the Globe Apple’s new Siri: The digital assistant is getting an overhaul that will be unveiled at the iPhone maker’s June developer conference. Get a sneak peek . Computex nea...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Brody Ford reports on the way company executives talk about artificial intelligence. Tech Across the Globe Apple’s new Siri: The digital assistant is getting an overhaul that will be unveiled at the iPhone maker’s June developer conference. Get a sneak peek . Computex nears: Jensen Huang, Intel’s Lip-Bu Tan and a parade of other computing industry CEOs descend upon Taiwan for Asia’s biggest tech and hardware exhibition of the year. See what’s in store for Computex 2026 . Ban on Chinese tech: Germany and Spain are leading opposition to European Commission plans to ban Chinese technology suppliers from telecom networks as part of new cybersecurity rules. Here’s why they are pushing back . Revalued Anthropic raised $65 billion in a round of funding that pushed its valuation to $900 billion, without the new money included, surpassing rival OpenAI. The fundraising came together in a matter of weeks amid intense investor interest, which pushed the total well above the startup’s $30 billion goal. Anthropic, maker of the Claude AI model, was valued at $350 billion in February. All in a name As ChatGPT was sweeping the world in early 2023, many in the tech industry took pains to explain how this kind of artificial intelligence was different. It was generative . You don’t hear that word much anymore. Nowadays, the popular way to describe a wide swath of technology based around large language models is simply “AI.” Increasingly, companies are branding their offerings as “agentic.” In part, this reflects that AI’s abilities are evolving beyond simple content generation. But it also underlines the intense fear-of-missing-out that many executives feel during the AI boom. Use of the word “generative” peaked in corporate America in the third quarter of 2023, according to an analysis of earnings calls of companies within the S&P 500 Index. Around that time,...
Key Points More than half of 401(k) participants indicate that inflation is the primary reason it’s difficult to save for a comfortable retirement. It’s important to understand inflation and develop a plan to overcome it. The first step is understanding how inflation erodes your buying power, and how to work around it. The $23,760 Social Security bonus most retirees completely overlook › Between A...
Key Points More than half of 401(k) participants indicate that inflation is the primary reason it’s difficult to save for a comfortable retirement. It’s important to understand inflation and develop a plan to overcome it. The first step is understanding how inflation erodes your buying power, and how to work around it. The $23,760 Social Security bonus most retirees completely overlook › Between April 2025 and April 2026, consumer inflation rose by 3.81%. That can be a scary statistic, especially if you're nearing retirement or already retired. Everything, from paying for groceries to protecting your retirement savings, becomes a challenge as higher prices eat away at your income. While there's not a lot the average American can do to prevent inflation, there are moves that can safeguard the money you have. Here are five of those moves. 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 » Diversify with inflation-protected securities Treasury Inflation-Protected Securities (TIPS) are government bonds designed to guard against inflation. The principal adjusts with the Consumer Price Index, meaning your investment keeps pace with rising prices. If the principal is equal to or lower than the original amount when the TIPS matures after five, 10, or 30 years, you get the original amount back in full. However, if the principal exceeds the original amount after that time, you get the larger amount. TIPS accomplish two things: They provide inflation protection, and they offer the peace of mind that comes with knowing your money is backed by the U.S. government. Review Medicare coverage It's impossible to deny the high cost of healthcare in retirement. Annually reviewing your Medicare coverage during open enrollment can ensure you have the most cost-effective plan to meet your needs. Plans change year by year, ...
(RTTNews) - Genesco Inc. (GCO) announced Loss for first quarter of -$14.18 million The company's bottom line came in at -$14.18 million, or -$1.42 per share. This compares with -$21.23 million, or -$2.02 per share, last year. Excluding items, Genesco Inc. reported adjusted earnings of -$22.70 million or -$2.18 per share for the period. The company's revenue for the period rose 2.8% to $487.03 mill...
(RTTNews) - Genesco Inc. (GCO) announced Loss for first quarter of -$14.18 million The company's bottom line came in at -$14.18 million, or -$1.42 per share. This compares with -$21.23 million, or -$2.02 per share, last year. Excluding items, Genesco Inc. reported adjusted earnings of -$22.70 million or -$2.18 per share for the period. The company's revenue for the period rose 2.8% to $487.03 million from $473.97 million last year. Genesco Inc. earnings at a glance (GAAP) : -Earnings: -$14.18 Mln. vs. -$21.23 Mln. last year. -EPS: -$1.42 vs. -$2.02 last year. -Revenue: $487.03 Mln vs. $473.97 Mln last year. -Guidance: Full year EPS guidance: $ 2.00 To $ 2.40 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.