Micron Reports Q2 Earnings On Wednesday The company reported second-quarter revenue of $23.86 billion, beating estimates. It posted adjusted earnings of $12.20 per share, which also topped Wall Street expectations. For the third quarter, Micron guided $33.5 billion, with a leg room for plus or minus $750 million. Micron Increases Capex And Addresses Supply Concerns During the earnings call, Micron...
Micron Reports Q2 Earnings On Wednesday The company reported second-quarter revenue of $23.86 billion, beating estimates. It posted adjusted earnings of $12.20 per share, which also topped Wall Street expectations. For the third quarter, Micron guided $33.5 billion, with a leg room for plus or minus $750 million. Micron Increases Capex And Addresses Supply Concerns During the earnings call, Micron execs said that the company is working toward addressing the gap between supply and demand. The tech giant highlighted new facilities in the U.S., Taiwan, Japan and Singapore. However, these facilities are not expected to bring meaningful output until next year or later. The company also announced that it expects fiscal 2026 capital expenditure to be above $25 billion. "We project our fiscal 2027 CapEx to step up meaningfully to support HBM [High Bandwidth Memory] and DRAM [Dynamic Random-Access Memory]-related investments." Wedbush Analyst Says Demand Doesn't Matter, Supply Does Speaking with Bloomberg TV, Wedbush analyst Matt Bryson said that memory is a supply-driven business. He said it doesn't matter how much demand there is, but if the vendors can meet the demand with enough supply. "Because you have these long lead times for fabs, we don’t really begin to see new supply coming on until next year. And it may even be [20]28 before Samsung, Micron can catch up with all the demand from AI," he said. Daniel Newman And Jim Cramer Remain Bullish At the same time, Futurum Group CEO Daniel Newman called Micron's results a turning point. "The numbers don’t lie. This isn’t a cycle. It’s a regime change," he said on X. CNBC host Jim Cramer downplayed stock slipping in after-hours. He said, "It is not unusual for a stock like Micron to have a blow off top only to come back a few weeks later.. it is not worth freaking out about…" Benzinga Edge Stock Rankings indicate that Micron Technology stock remains strong across short, medium and long-term timeframes, though its Value score ...
Nvidia (NVDA 0.80%) is still the stock of the moment. It's the most valuable company in the world, and it's still reporting growth like an upstart. However, the market's enthusiasm about its future has tempered. There are many new companies bringing out competing semiconductors that don't exactly mimic Nvidia's graphics processing units (GPUs), which are the gold standard for artificial intelligen...
Nvidia (NVDA 0.80%) is still the stock of the moment. It's the most valuable company in the world, and it's still reporting growth like an upstart. However, the market's enthusiasm about its future has tempered. There are many new companies bringing out competing semiconductors that don't exactly mimic Nvidia's graphics processing units (GPUs), which are the gold standard for artificial intelligence (AI) development, but present other advantages in functionality and price. I don't recommend passing on Nvidia stock, but you might not want to concentrate a huge position in it; instead, consider diversifying into other AI stocks that also offer growth. Alphabet (GOOG 1.00%) (GOOGL 1.00%) and Broadcom (AVGO 1.66%) are excellent choices. 1. Alphabet Although Alphabet is best known as the parent company of search engine Google, it has a broad business covering many different segments and a focus on artificial intelligence. Its Gemini large language model (LLM) is one of the most popular options for businesses and individuals, powering Google and offering tremendous value for advertisers who are looking for powerful, AI-focused campaigns that reach their target customers. Expand NASDAQ : GOOG Alphabet Today's Change ( -1.00 %) $ -3.11 Current Price $ 306.30 Key Data Points Market Cap $3.8T Day's Range $ 305.55 - $ 310.75 52wk Range $ 142.66 - $ 350.15 Volume 14M Avg Vol 21M Gross Margin 59.68 % Dividend Yield 0.27 % As part of its broader efforts, Alphabet designs Tensor Processing Units (TPU) that are cheaper than Nvidia's GPUs. They're "custom-designed AI accelerators" created for specific tasks in training and inference, which makes them cheaper to run. Alphabet offers both options through its cloud platform, and it's partnering with Anthropic, which said that it would access as many as 1 million Alphabet TPUs. Between all its businesses, like YouTube and Android, and its advances in AI, Alphabet has been demonstrating momentum and growth. Revenue increased 18% year ove...
Nvidia (NASDAQ: NVDA) seems well on its way to end another year with stunning gains. Shares of the semiconductor giant have shot up more than 150% so far in 2024 after a stellar performance last year, and there is a good chance that it can continue to fly higher. After all, Nvidia management points out that the demand for its artificial intelligence (AI) chips continues to remain solid, with its u...
Nvidia (NASDAQ: NVDA) seems well on its way to end another year with stunning gains. Shares of the semiconductor giant have shot up more than 150% so far in 2024 after a stellar performance last year, and there is a good chance that it can continue to fly higher. After all, Nvidia management points out that the demand for its artificial intelligence (AI) chips continues to remain solid, with its upcoming Blackwell processors experiencing stronger demand than supply going into 2025. So, it won't be surprising to see Nvidia delivering phenomenal growth in revenue and earnings next year as well, and that could lead to more stock market upside. However, certain investors may be looking for alternatives to capitalize on the AI boom because of Nvidia's valuation. The stock's earnings multiple of 59 is well ahead of the Nasdaq-100 index's earnings multiple of 32. Though Nvidia's healthy revenue and earnings growth can help justify its valuation, investors with a lower risk appetite may want to look at cheaper options. Here are two names that look like ideal alternatives to Nvidia stock. 1. Micron Technology Micron Technology (NASDAQ: MU) is a manufacturer of memory chips and counts the likes of Nvidia among its customers. As the demand for Nvidia's AI graphics processing units (GPUs) has boomed, Micron has also witnessed robust growth in sales of its high-bandwidth memory (HBM) chips that are used in these GPUs. This is the reason why Micron Technology's revenue for the fourth quarter of fiscal 2024 (which ended Aug. 29) increased a whopping 93% year over year to $7.75 billion. The chipmaker also posted a non-GAAP (adjusted) profit of $1.18 per share as compared to a loss of $1.07 per share in the same quarter last year. More importantly, Micron expects revenue of $8.7 billion for the current quarter, which would be a jump of 84% from the same period last year. For comparison, Nvidia expects 80% year-over-year revenue growth in the current quarter. Of course, Nvidia has a ...
(RTTNews) - Pony.ai announced the delivery of its first batch of over 100 seventh-generation Robotaxis to Guangzhou Chenqi Mobility Technology. These vehicles, built on the GAC AION V model, will be integrated into Chenqi's OnTime Mobility ride-hailing platform and are set to begin commercial operations soon. Alongside this milestone, Pony.ai and Chenqi Mobility signed an upgraded strategic cooper...
(RTTNews) - Pony.ai announced the delivery of its first batch of over 100 seventh-generation Robotaxis to Guangzhou Chenqi Mobility Technology. These vehicles, built on the GAC AION V model, will be integrated into Chenqi's OnTime Mobility ride-hailing platform and are set to begin commercial operations soon. Alongside this milestone, Pony.ai and Chenqi Mobility signed an upgraded strategic cooperation agreement in Guangzhou. The partnership aims to jointly build a Robotaxi fleet and expand service coverage beyond current operations, marking a new stage in their long-standing collaboration. Under the new framework, Pony.ai will continue to focus on research, development, and iteration of its core autonomous driving system, the "Virtual Driver." Through a licensing model, Pony.ai will generate recurring revenue by providing its technology to fleet partners. Meanwhile, Chenqi Mobility will manage fleet ownership, safety, dispatching, and platform operations. By combining Pony.ai's technological expertise with Chenqi's operational capabilities, the two companies intend to establish a scalable and replicable commercialization model. This approach is designed to ensure sustainable returns for both partners while accelerating the deployment of autonomous mobility services. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
By Che Pan and Laurie Chen BEIJING, March 19 (Reuters) - Apple posted a 23% surge in China smartphone sales in the first nine weeks of 2026, bucking a broader market decline as some Android phone makers raised prices in response to higher costs for memory chips. China's overall smartphone market fell 4% year-on-year in the January-to-early-March period, with government subsidies introduced at t...
By Che Pan and Laurie Chen BEIJING, March 19 (Reuters) - Apple posted a 23% surge in China smartphone sales in the first nine weeks of 2026, bucking a broader market decline as some Android phone makers raised prices in response to higher costs for memory chips. China's overall smartphone market fell 4% year-on-year in the January-to-early-March period, with government subsidies introduced at the start of the year doing little to revive sluggish consumer demand, data on Thursday from research firm Counterpoint showed. Apple's gains were driven by e-commerce discounts and its eligibility for state subsidies on the base iPhone 17 model. The U.S. tech giant's tight grip on its supply chain leaves it better placed than rivals to absorb the impact of soaring memory chip costs, and it is expected to hold the line on pricing while competitors raise theirs, the report said. "Apple is unlikely to follow suit, instead absorbing part of the margin pressure and using the situation to potentially expand its market share," Counterpoint said. Amid the rising costs of memory chips, Chinese Android phone makers OPPO and vivo have announced price increases on some existing models to take effect this month, a move Counterpoint said is partly designed to gauge consumer reaction ahead of new product launches and inform pricing for next-generation handsets. Huawei, meanwhile, could benefit from its reliance on domestic suppliers, which tend to charge less than international memory chipmakers, giving it a cost buffer against rising memory prices, Counterpoint said, adding the company is likely to use that advantage to grab more share in the low-to-mid-end market. Counterpoint expects the Chinese market to stay under pressure from March through May, with some relief in early June when China's mid-year "618" shopping festival typically unleashes a wave of promotional activity. The broader memory cost crunch is forecast to persist throughout 2026, forcing handset makers in...
The storage chip shortage will persist until next year! Micron's earnings report indicates it can only meet 50% of customer demand, urgently needing to 'spend heavily' on factory construction as soon as possible. 富途牛牛
The storage chip shortage will persist until next year! Micron's earnings report indicates it can only meet 50% of customer demand, urgently needing to 'spend heavily' on factory construction as soon as possible. 富途牛牛
Heavy social media use contributes to a stark decline in well-being among young people, with the effects particularly worrying in teenage girls in English-speaking countries and western Europe according to the World Happiness Report 2026 published on Thursday. The annual report, published by the Wellbeing Research Centre at the University of Oxford, also found that Finland is the happiest land in ...
Heavy social media use contributes to a stark decline in well-being among young people, with the effects particularly worrying in teenage girls in English-speaking countries and western Europe according to the World Happiness Report 2026 published on Thursday. The annual report, published by the Wellbeing Research Centre at the University of Oxford, also found that Finland is the happiest land in the world for the ninth year in a row, with other Nordic countries such as Iceland, Denmark, Sweden and Norway ranking among the top 10 countries. But it highlighted how life evaluations among under 25-year-olds in the United States, Canada, Australia and New Zealand have dropped significantly over the past decade, and suggested that long hours spent scrolling through social media is a key factor in that trend. Advertisement A new entry to the top five on the list is Costa Rica, which climbed to fourth place this year after rising through the ranks from 23rd place in 2023. People spend time outside after using the sauna of a public bath in Helsinki, Finland. Photo: AP The report attributes that to well-being boosts from family bonds and other social connections.