Gen Z homeowners now outpace millennials at the same age. They're more likely to be single and less likely to use help from parents. (Image credit: Caleb Alvarado for NPR)
Gen Z homeowners now outpace millennials at the same age. They're more likely to be single and less likely to use help from parents. (Image credit: Caleb Alvarado for NPR)
What does representation look like for Tennessee voters who were split into three new congressional districts last week? NPR traveled from Memphis into the Nashville suburbs to ask. (Image credit: Madison Thorn/Bloomberg via Getty Images)
What does representation look like for Tennessee voters who were split into three new congressional districts last week? NPR traveled from Memphis into the Nashville suburbs to ask. (Image credit: Madison Thorn/Bloomberg via Getty Images)
As AI infrastructure investment shifts beyond semiconductors, data center companies like Applied Digital, IREN, and CoreWeave are emerging as potential beneficiaries.
As AI infrastructure investment shifts beyond semiconductors, data center companies like Applied Digital, IREN, and CoreWeave are emerging as potential beneficiaries.
Insatiable demand for memory chips has some of the industry’s top stocks defying the market’s math, becoming cheaper to own even as their share prices soar to nosebleed levels. Sandisk Corp. , which is up a whopping 482% this year to lead the S&P 500 Index , has seen its price-to-estimated earnings ratio plunge to below nine from 23 just a few months ago. Similarly, shares of Micron Technology Inc...
Insatiable demand for memory chips has some of the industry’s top stocks defying the market’s math, becoming cheaper to own even as their share prices soar to nosebleed levels. Sandisk Corp. , which is up a whopping 482% this year to lead the S&P 500 Index , has seen its price-to-estimated earnings ratio plunge to below nine from 23 just a few months ago. Similarly, shares of Micron Technology Inc. , which have leaped 172% in 2026 for the fifth best performance in the S&P 500, trade at less than nine times forward earnings, down from about 12 in February. Those are hefty discounts to the S&P 500, which is priced at roughly 21 times forward earnings. The reason is fairly simple: expectations for the companies’ earnings are rising even faster than their stock prices as demand for memory continues to grow and a shortage of available chips keeps supply low. Analyst estimates for Sandisk’s 2027 adjusted earnings per share are up nearly 2,000% in the last 12 months, while Micron’s have climbed 768% . “All of the high bandwidth memory can be priced ridiculously high because of supply and demand,” said Kim Forrest , chief investment officer at Bokeh Capital Partners, who owns Micron shares. “I’m a capitalist. Whenever supply and demand works like this, I’m in seventh heaven. This is a beautiful thing. And it’s not priced too high because people are buying it. They’re sold out. So one would think that there can even be more upward movement if the prices are high.” The way bulls see it, this is the beginning of a massive AI infrastructure build-out cycle, and given the enormous amount of data used by the technology, demand for memory chips and other storage products will stay high for years. “Unless there is a significant change in capital spending on behalf of the hyperscalers, which we don’t see right now, as in fact it seems to be going up not down, then demand from memory and storage is just going to continue to go up as well,” said Rob Thummel , senior portfolio manager ...
The dollar is heading for its best week in two months after US data showed price pressures that could push the Federal Reserve to raise interest rates over the next year. A gauge of the greenback is up more than 1% this week, on track for its best performance since mid-March. Two back-to-back inflation reports this week have spooked Treasury investors and spurred one Fed official to say the US has...
The dollar is heading for its best week in two months after US data showed price pressures that could push the Federal Reserve to raise interest rates over the next year. A gauge of the greenback is up more than 1% this week, on track for its best performance since mid-March. Two back-to-back inflation reports this week have spooked Treasury investors and spurred one Fed official to say the US has “ got an inflation problem .” Money markets now favor a Fed hike this year, a sharp contrast with pricing a month ago that leaned toward easier policy. “It’s a combination of some re-escalation in the Middle East, which has prompted higher oil prices again, and hotter-than-expected US inflation data,” said Andrew Hazlett , a foreign-exchange trader at Monex Inc. “This indicates to me that even as the conflict in Iran winds down, the dollar will retain some strength over its pre-war levels.” While the dollar has been sensitive to war headlines and crude futures prices, it has mostly been supported by its haven status and the US’s status as a major oil exporter. The greenback weakened briefly after a ceasefire was first announced in early April but has since recovered as a peace deal remains elusive. Thierry Wizman , director of global currencies and an interest-rate strategist at Macquarie Futures, said he will remain a dollar bull as long as the war continues. The greenback, along with the US economy, are benefiting from higher oil prices, he said, adding that it will proceed to gain against the euro and the pound. The war in Iran upended global energy markets and highlighted Europe’s dependence on supply from the Middle East. That soured the outlook on the region’s economies, while fanning price growth, which has weighed on the euro. Brent Donnelly , president of Spectra Markets, said earlier this week that it’s time to enter a trade that shorts the euro against the greenback as Fed hikes are being priced in. Read More: Dollar’s Link to Oil Most Positive Ever Amid Iran Co...
Updates from the latest round of Championship matches Get The Spin newsletter | And mail Tanya or post BTL The ECB has announced a new T20 hall of fame before the Blast, er, blasts off, a week today. The garlanded four are: Ravi Bopara, Charlotte Edwards, James Vince and Danni Wyatt-Hodge 1 Durham 91 Continue reading...
Updates from the latest round of Championship matches Get The Spin newsletter | And mail Tanya or post BTL The ECB has announced a new T20 hall of fame before the Blast, er, blasts off, a week today. The garlanded four are: Ravi Bopara, Charlotte Edwards, James Vince and Danni Wyatt-Hodge 1 Durham 91 Continue reading...
georgeclerk Samsung Electronics' ( SSNLF ) South Korean labor union said on Friday that it was committed to a planned strike starting next week, despite the company proposing to resume pay talks without conditions, Reuters reported. Shares of Samsung fell about 9% on the Korea Stock Exchange on Friday. The union said that it was willing to hold new talks after June 7 while keeping plans for an 1...
georgeclerk Samsung Electronics' ( SSNLF ) South Korean labor union said on Friday that it was committed to a planned strike starting next week, despite the company proposing to resume pay talks without conditions, Reuters reported. Shares of Samsung fell about 9% on the Korea Stock Exchange on Friday. The union said that it was willing to hold new talks after June 7 while keeping plans for an 18-day strike from May 21 that could disrupt production at the company, the report added . Samsung executives requested the union to restart talks and apologized to the public and the government for the disharmony caused by the labor dispute, pledging to approach discussions with an open attitude and continue efforts to reach agreement, the report noted. The company said executives were heading to the company's Pyeongtaek campus to meet the union leader, according to the report. Samsung did not immediately respond to Seeking Alpha's request for comment. On Wednesday, Samsung lost as much as 99.07T won ($66.18B) in market value after it failed to reach a wage agreement with the labor union. Among the grievances is what the workers call a massive gap in bonus pay with rival chipmaker SK hynix ( HXSCL ). Last month, thousands of Samsung workers rallied at a factory complex south of Seoul over compensation levels. The workers plan to strike for 18 days from May 21 if their demands are not met. South Korea's presidential Blue House on Friday said it hoped a strike could be averted, noting that the stage for invoking emergency mediation powers had not yet been reached, the report added. In a report, JPMorgan said that the production impact of a strike could be higher than previously expected, reflecting the union's expectation of broader worker participation. JPMorgan estimated the impact on Samsung's operating profit at 21T won to 31T won ($14.08B to $20.79B), while sales losses could be about 4.5T won, the report noted. More on Samsung Samsung Electronics Co., Ltd. (SSNLF...
Superpower leaders were expected to discuss the Iran war, trade, Taiwan and artificial intelligence during US president’s visit to Beijing Continue reading...
Superpower leaders were expected to discuss the Iran war, trade, Taiwan and artificial intelligence during US president’s visit to Beijing Continue reading...
Worawith Ounpeng Berto Acquisition Corp. II ( GUAC ) announced the pricing of its upsized initial public offering of 27.4 million units priced at $10.00 each. These units are set to list on the Nasdaq Global Market under the ticker symbol “GUACU” starting May 15, 2026. The offering was up from its originally planned initial offering of 25.0 million units . Each unit consists of one ordinary share ...
Worawith Ounpeng Berto Acquisition Corp. II ( GUAC ) announced the pricing of its upsized initial public offering of 27.4 million units priced at $10.00 each. These units are set to list on the Nasdaq Global Market under the ticker symbol “GUACU” starting May 15, 2026. The offering was up from its originally planned initial offering of 25.0 million units . Each unit consists of one ordinary share and one-third of one redeemable warrant. Once separate trading begins, the ordinary shares and warrants will trade under the symbols “GUAC” and “GUACW.” The underwriter has been granted a 45-day option to buy up to an additional 4.11 million units to cover over-allotments, and the offering is expected to close on May 18, 2026, pending standard closing conditions. Incorporated as a Cayman Islands exempted company, the blank check firm was founded by tech-sector veteran Harry You. While its mandate is broad, the company intends to focus its search on acquisition opportunities within artificial intelligence, the AI infrastructure supply chain ecosystem, and advanced nuclear technologies required to power next-generation data centers. You has sponsored ten previous SPAC vehicles, including the original Berto Acquisition Corp. and Coliseum Acquisition Corp. (which successfully merged with Rain Enhancement Technologies in late 2024). Through dMY Technology Group, he has guided market-moving transactions for tech players like Planet Labs and IonQ. His extensive career includes serving as CFO at both Accenture and Oracle, and holding a senior position at EMC, where he was pivotal in its historic $67 billion buyout by Dell Technologies. To date, Mr. You has raised over $2 billion for various SPAC and deSPAC vehicles. More on Berto Acquisition CORP II, Berto Acquisition CORP II Financial information for Berto Acquisition CORP II Financial information for Berto Acquisition CORP II