mesh cube/iStock via Getty Images Micron Technology ( MU ) has bucked the trend gaining 4.9% since my last report while the S&P 500 lost 8.3%. The company is seeing strong growth in sales driven by robust pricing in DRAM as well as NAND driven by robust AI demand. The stock, however, retreated 24% from its highs amid broader concerns on AI investments. From fundamental perspective, I believe that ...
mesh cube/iStock via Getty Images Micron Technology ( MU ) has bucked the trend gaining 4.9% since my last report while the S&P 500 lost 8.3%. The company is seeing strong growth in sales driven by robust pricing in DRAM as well as NAND driven by robust AI demand. The stock, however, retreated 24% from its highs amid broader concerns on AI investments. From fundamental perspective, I believe that there was 13% upside to $382.41 bases on earnings expectations for FY27 and 25% to $420.34 bases on earnings expectations for FY28. So, the stock ran substantially ahead of itself in my view. In this report, I discuss the company’s Q2 2026 earnings and update my price target. Sales And Margins Surge On Broad-Based Pricing Strength The second quarter results surpassed analyst revenues by a staggering $4.1 billion putting on display AI driven volume and pricing strength for memory in NAND and DRAM technology with a substantial increase in gross, profit and net income margins. Micron Technology Second quarter revenues rose 75% sequentially and 196% year-over-year to $23.9 billion. Nearly 80% of the revenues or $18.8 billion came from DRAM including high bandwidth memory with $5 billion coming from NAND revenues as SSD demand has substantially increased. The sequential volume uplift was not spectacular with bit shipments up mid-single digits for DRAM and low-single digits for NAND. It shows that sequentially pricing power substantially increased. DRAM pricing was up mid-60% while NAND was up high-70%. That tells us the story of supply chain constraints boosting pricing power for Micron. Cloud Memory revenues grew 46.7% sequentially and 163% year-on-year to $7.75 billion with gross margins rising 8 points sequentially and 19 points year-on-year to 74% with an 11 points sequential and 21 points year-on-year lift in operating margins to 66%. Core Data Center as the pure AI/data center segment saw 139% growth sequentially and 210% growth year-on-year to $5.7 billion with gross marg...
mesh cube/iStock via Getty Images Micron Technology ( MU ) has bucked the trend gaining 4.9% since my last report while the S&P 500 lost 8.3%. The company is seeing strong growth in sales driven by robust pricing in DRAM as well as NAND driven by robust AI demand. The stock, however, retreated 24% from its highs amid broader concerns on AI investments. From fundamental perspective, I believe that ...
mesh cube/iStock via Getty Images Micron Technology ( MU ) has bucked the trend gaining 4.9% since my last report while the S&P 500 lost 8.3%. The company is seeing strong growth in sales driven by robust pricing in DRAM as well as NAND driven by robust AI demand. The stock, however, retreated 24% from its highs amid broader concerns on AI investments. From fundamental perspective, I believe that there was 13% upside to $382.41 bases on earnings expectations for FY27 and 25% to $420.34 bases on earnings expectations for FY28. So, the stock ran substantially ahead of itself in my view. In this report, I discuss the company’s Q2 2026 earnings and update my price target. Sales And Margins Surge On Broad-Based Pricing Strength The second quarter results surpassed analyst revenues by a staggering $4.1 billion putting on display AI driven volume and pricing strength for memory in NAND and DRAM technology with a substantial increase in gross, profit and net income margins. Micron Technology Second quarter revenues rose 75% sequentially and 196% year-over-year to $23.9 billion. Nearly 80% of the revenues or $18.8 billion came from DRAM including high bandwidth memory with $5 billion coming from NAND revenues as SSD demand has substantially increased. The sequential volume uplift was not spectacular with bit shipments up mid-single digits for DRAM and low-single digits for NAND. It shows that sequentially pricing power substantially increased. DRAM pricing was up mid-60% while NAND was up high-70%. That tells us the story of supply chain constraints boosting pricing power for Micron. Cloud Memory revenues grew 46.7% sequentially and 163% year-on-year to $7.75 billion with gross margins rising 8 points sequentially and 19 points year-on-year to 74% with an 11 points sequential and 21 points year-on-year lift in operating margins to 66%. Core Data Center as the pure AI/data center segment saw 139% growth sequentially and 210% growth year-on-year to $5.7 billion with gross marg...
The latest leg of Manchester City’s victory lap took them to Old Trafford and they did not simply show Manchester United why they are going to become the Women’s Super League champions. They tore them apart in the process. The away side’s symbolic 3-0 win at the home of their embarrassed neighbours demonstrated their vast superiority, and perhaps the only surprising thing was that they did not sco...
The latest leg of Manchester City’s victory lap took them to Old Trafford and they did not simply show Manchester United why they are going to become the Women’s Super League champions. They tore them apart in the process. The away side’s symbolic 3-0 win at the home of their embarrassed neighbours demonstrated their vast superiority, and perhaps the only surprising thing was that they did not score more than Vivianne Miedema’s two headers and Kerstin Casparij’s far-post finish from a Lauren Hemp cross. It could easily have been five or six, with Hemp hitting the bar before a disallowed Rebecca Knaak goal, which left everybody in the stadium confused, in a first half when the visitors carved open the home defence with ease. Continue reading...
Aggrieved side make stand before Peru match in Paris ‘We know we’re African champions,’ says head coach Senegal, who won the Africa Cup of Nations title in a controversial final against hosts Morocco in January, only to be stripped of their victory earlier this month, paraded the trophy before a friendly on Saturday against Peru at the Stade de France in Paris. Kalidou Coulibaly, the Senegal capta...
Aggrieved side make stand before Peru match in Paris ‘We know we’re African champions,’ says head coach Senegal, who won the Africa Cup of Nations title in a controversial final against hosts Morocco in January, only to be stripped of their victory earlier this month, paraded the trophy before a friendly on Saturday against Peru at the Stade de France in Paris. Kalidou Coulibaly, the Senegal captain, and his teammates came out on to the pitch with the Afcon trophy for a lap of honour after a pre-match concert by the Senegalese singer Youssou N’Dour. Continue reading...
When it comes to video entertainment, Netflix needs no introduction. It counts 325 million subscribers in more than 190 countries. And it generated $45 billion in revenue in 2025. This streaming stock has skyrocketed 838% in the past 10 years (as of March 25), a performance that certainly gets a lot of attention. Investors focused on Netflix need to look at another dominant company, however. It's ...
When it comes to video entertainment, Netflix needs no introduction. It counts 325 million subscribers in more than 190 countries. And it generated $45 billion in revenue in 2025. This streaming stock has skyrocketed 838% in the past 10 years (as of March 25), a performance that certainly gets a lot of attention. Investors focused on Netflix need to look at another dominant company, however. It's a notable winner in the streaming wars. But Netflix also has some serious competition out there from a well-known tech giant. Continue reading
最近，Openclaw “全民养虾” 成为全网热议的 AI话题，让大众真切感受到：AI 智能体时代，真的来了！AI智能体正从技术概念走进现实，融入日常、重塑工作流、改变生活与学习方式，小到个人办公的效率提升，大到行业场景的流程革新，AI 智能体正以看得见的方式，渗透到每个人的生活角落，开启一场属于全民的生产力变革。 当 AI 智能体成为科技浪潮的新核心，AMD 始终站在端侧 AI 的前沿，以硬核技...
最近，Openclaw “全民养虾” 成为全网热议的 AI话题，让大众真切感受到：AI 智能体时代，真的来了！AI智能体正从技术概念走进现实，融入日常、重塑工作流、改变生活与学习方式，小到个人办公的效率提升，大到行业场景的流程革新，AI 智能体正以看得见的方式，渗透到每个人的生活角落，开启一场属于全民的生产力变革。 当 AI 智能体成为科技浪潮的新核心，AMD 始终站在端侧 AI 的前沿，以硬核技术为基，让智能体的落地与创新有了更坚实的支撑。2026 年 3 月28日，AMD 携手 36 氪正式发起 AMD 锐龙 AI 智能体创新应用大赛 ，这场大赛专为AI时代的每一个参与者而来：不管你是走在前沿、善于探索 AI 智能体改变工作与生活的普通大众，还是深耕AI领域、专注开发AI工作流与应用的开发者，都能在这里秀出你的硬核成果---- 分享你用 AI 智能体改变日常的独特故事，让更多人看见 AI 赋能普通人的无限可能；让优质 AI 应用走出实验室，真正赋能每个人成为AI时代的超级个体。 而这一切的落地，都离不开强大的技术底座 ——搭载AMD 锐龙 AI系列处理器笔记本产品，它正是本次大赛的作品成果的算力核心。就像火遍全网的小龙虾智能体，想要在数据安全、本地流畅运行，离不开电脑的超强算力支持，AMD 锐龙 AI 系列处理器恰恰破解了这一难题，让千亿级大模型在端侧落地成为常态，让各类创意智能体都能在本地 “跑起来、跑得快”。 更重要的是，AMD 从未止步于硬件技术的突破，而是致力于搭建一个覆盖 算力、硬件、软件应用、资本 的全链路端侧 AI 生态平台，为每一位AI先锋者扫清创新障碍。无论是大众用户的创意巧思，还是专业开发者的技术探索，都能在这个生态中找到落地的土壤，让 AI 智能体的创新没有门槛，让优秀的创意生根发芽。 在端侧 AI 的赛道上，隐私、延迟、成本，曾是阻碍 AI 智能体走进普通人生活的三大难题：上传数据到云端担心隐私泄露，调用云端接口总有恼人的网络延迟，频繁的 API 计费让创意探索倍感压力。而端侧 AI 的崛起，正是破解这些痛点的关键，把算力放在本地，把数据主权交还给用户，让 AI 智能体实现毫秒级响应，离线也能流畅使用。 AMD 锐龙 AI 系列笔记本产品，就是端侧 AI 的硬核 “动力引擎”，用极致的硬件配置，让端侧大模型的运行成为可能。它搭载 “Zen...
French police stopped an apparent bomb attack outside a US bank in Paris early on Saturday when they arrested a man about to set off a homemade explosive device, officials and sources close to the case said. The incident occurred around 3.30am in front of a Bank of America building in the chic 8th arrondissement, a couple of streets from the Champs-Elysees. Police grabbed the man just after he pla...
French police stopped an apparent bomb attack outside a US bank in Paris early on Saturday when they arrested a man about to set off a homemade explosive device, officials and sources close to the case said. The incident occurred around 3.30am in front of a Bank of America building in the chic 8th arrondissement, a couple of streets from the Champs-Elysees. Police grabbed the man just after he placed a device, made of five litres of liquid (1.3 gallons), believed to be fuel, and an ignition...
The ripple effects of the war in Iran are ever-widening. Soaring oil prices continued to put pressure on stocks last week, with the Dow and Nasdaq slipping into correction territory, defined by declines of 10% or more from record highs. The Dow and Nasdaq sank 1.7% and nearly 2.2%, respectively, on Friday and just about 1% and 3.2%, respectively, for the week. The Dow is down 10% from its most rec...
The ripple effects of the war in Iran are ever-widening. Soaring oil prices continued to put pressure on stocks last week, with the Dow and Nasdaq slipping into correction territory, defined by declines of 10% or more from record highs. The Dow and Nasdaq sank 1.7% and nearly 2.2%, respectively, on Friday and just about 1% and 3.2%, respectively, for the week. The Dow is down 10% from its most recent record high close, while the Nasdaq is off roughly 13%. The S & P 500 lost 1.7% on Friday and 2.1% for the week. The S & P 500 is barely on the right side of the correction threshold, down 8.7% since its record. It was not just the war that crushed stocks on Friday, adding to five straight weeks of market malaise. News that Anthropic is testing its powerful new artificial intelligence model throttled enterprise software stocks, including cybersecurity names that should never be lumped in with the rest. Social media stocks also struggled after two court rulings in child safety cases went against Meta Platforms . Here are the three themes that drove another challenging week on Wall Street. War-driven oil surge Iran and the U.S. exchanged proposals to end the hostilities. Neither side was all that enthusiastic. President Donald Trump again extended a deadline for Iran to open up the Strait of Hormuz oil route or face bombings of its power plants. The new date is April 6. Jim Cramer has said it's going to be hard for stocks to recover while the Strait remains closed and oil prices soar on supply constraints. West Texas Intermediate crude on Friday finished up 5.5% to $99.64 per barrel, its highest settling price since July 2022. Brent international crude jumped 4.2% to $112.57, also its highest settle since July 2022. WTI and Brent rose more than 1.3% and 0.3%, respectively, for the week and 48.7% and 55.3%, respectively, since the war began four weeks ago. The national average for regular unleaded gasoline, according to AAA , is just a hair below $4 per gallon — up $1 per ...
Liquefied petroleum gas (LPG) canisters at a depot in Noida, Uttar Pradesh, India, on Monday, March 16, 2026. India is the second-largest importer of LPG in the world and is suffering acute shortages of the fuel, used in cooking gas and industrial processes.
Liquefied petroleum gas (LPG) canisters at a depot in Noida, Uttar Pradesh, India, on Monday, March 16, 2026. India is the second-largest importer of LPG in the world and is suffering acute shortages of the fuel, used in cooking gas and industrial processes.
The Vanguard Total Stock Market ETF (NYSEMKT:VTI) and the State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEMKT:SPTM) both offer ultra-low fees, broad U.S. equity exposure, and nearly identical performance, but differ in sector tilt, portfolio breadth, and dividend yield. Both VTI and SPTM aim to provide investors with comprehensive access to the U.S. stock market, spanning larg...
The Vanguard Total Stock Market ETF (NYSEMKT:VTI) and the State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEMKT:SPTM) both offer ultra-low fees, broad U.S. equity exposure, and nearly identical performance, but differ in sector tilt, portfolio breadth, and dividend yield. Both VTI and SPTM aim to provide investors with comprehensive access to the U.S. stock market, spanning large-, mid-, and small-cap companies. This comparison explores how each ETF approaches the market and what may set them apart for investors seeking broad, low-cost equity exposure. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Continue reading
Lone Star Stock/iStock via Getty Images Introduction Texas Capital Bancshares ( TCBI ) is a Texas-based company and the holding company of the Texas Capital Bank, which ended 2025 with a n excess of $31.5 billion in assets on its balance sheet. In a previous article, I was focused on the bank’s preferred shares as I thought they provided a nice option for the fixed-income portion of my portfolio. ...
Lone Star Stock/iStock via Getty Images Introduction Texas Capital Bancshares ( TCBI ) is a Texas-based company and the holding company of the Texas Capital Bank, which ended 2025 with a n excess of $31.5 billion in assets on its balance sheet. In a previous article, I was focused on the bank’s preferred shares as I thought they provided a nice option for the fixed-income portion of my portfolio. The risk/reward ratio was pretty good, and I now want to have another look at these securities. Data by YCharts A strong 2025 sets the scene for 2026 Before discussing the details of the preferred stock, it makes sense to take a step back and take a look at the bank’s financial results in 2025. As you can see below, the total interest income increased by more than 2% to $1.77 billion, and although that sounds like a relatively low percentage increase, keep in mind this went hand in hand with a 10% decrease in the interest expenses . This ultimately resulted in a net interest income of approximately $1.03 billion , which is a 14% increase compared to the NII in the preceding year. Another important element is the substantial reduction in the loan loss provisions, which reached the lowest level in several years. TCBI Investor Relations The bank also saw its non-interest income increase pretty sharply, but before getting too excited, the large difference is predominantly caused by the loss on the sale of securities recorded in 2024, which makes a comparison pretty difficult. That being said, I am very pleased to see the investment banking and advisory fees remain strong. Meanwhile, the bank was also able to keep its operating expenses under control, and this resulted in a pre-tax income of almost $433 million. The net income reported in 2025 was $330 million, with $313 million of that net income attributable to the common shareholders of Texas Capital Bancshares. This resulted in an EPS of $6.86. TCBI Investor Relations From the perspective of a preferred shareholder, it is gr...
Audits Spotlight Unusual Trends In Medicaid Spending For Autism Care Authored by Sylvia Xu via The Epoch Times, One in 31 U.S. children has an autism diagnosis. Among Minnesota’s Somali community, that number jumps to one in 12. That discrepancy made headlines last fall when the Department of Justice charged a Somali woman with netting millions in fraudulent autism services. Now, state and federal...
Audits Spotlight Unusual Trends In Medicaid Spending For Autism Care Authored by Sylvia Xu via The Epoch Times, One in 31 U.S. children has an autism diagnosis. Among Minnesota’s Somali community, that number jumps to one in 12. That discrepancy made headlines last fall when the Department of Justice charged a Somali woman with netting millions in fraudulent autism services. Now, state and federal investigators are putting autism spending in the spotlight. The September 2025 federal indictment alleged that a therapy center—run by 28-year-old Asha Farhan Hassan—recruited Somali children for an autism services program that was then reimbursed by Medicaid. The White House pointed to the indictment on March 16 in an executive order announcing the creation of a federal task force to eliminate fraud. “The staggering fraud and waste in Minnesota alone is a case in point,” the order reads. “There is also strong reason to believe that similar problems exist in other States, including California, Illinois, New York , Maine, and Colorado .” Nationwide, Medicaid spending for autism therapy services increased by over 200 percent between 2018 and 2024—nearly four times the rate of overall Medicaid spending. In some states, the increase was much higher. The surge is linked to what Health and Human Services Secretary Robert F. Kennedy Jr. has called an autism epidemic, including “an alarming escalation in case severity, and increasingly stark disparities across racial and ethnic groups.” However, investigators say the rise in spending can’t be explained by the increase in diagnoses or escalation in severity alone. Meanwhile, a series of federal audits has drawn attention to four states where auditors found millions in “improper” or incorrectly billed payments for Medicaid-funded autism services. Here is a look at states that have uncovered higher-than-usual Medicaid spending for autism services. Minnesota Since 2018, Minnesota has spent more than $18 billion on 14 Medicaid programs...
Sundry Photography/iStock Editorial via Getty Images Introduction A lot has happened for Broadcom ( AVGO ) since I last rated it a Buy back in early September 2025 and I want to revisit my thesis as to see if the company can still lead the charge in this new AI world, as it posted a return of negative 4% since despite having two blowout quarters in a row. Current Dynamics I’ll first go through the...
Sundry Photography/iStock Editorial via Getty Images Introduction A lot has happened for Broadcom ( AVGO ) since I last rated it a Buy back in early September 2025 and I want to revisit my thesis as to see if the company can still lead the charge in this new AI world, as it posted a return of negative 4% since despite having two blowout quarters in a row. Current Dynamics I’ll first go through the latest earnings as to provide a quick snapshot of what has been happening at the firm. Broadcom posted a double beat in its fiscal Q1 with Non-GAAP EPS coming out to $2.05, a slight beat of 3 cents, while revenue came out to a staggering $19.31B, a 29.4% Y/Y growth rate and a beat of $170MM. This was largely linked to the robust demand for custom AI accelerators and AI networking, with the overall AI revenue growth accelerating. That’s why the company has guided for AI revenue to be $10.7B in Q2 and overall revenue is set to come to $22B, ahead of the consensus of $20.4B, while EBITDA margin is set to come out to 68%. More so, management has set a clear line of sight to achieve AI revenue in excess of $100B by fiscal 2027 , which would be a giant leap from the reported $20B in AI sales reported during the whole fiscal 2025. Though this is actually credible considering the 140% Y/Y target of $10.7B for the incoming quarter. This is largely linked to the CapEx environment, where hyperscalers are projected to spend around $630B on AI infrastructure in 2026 alone. That is particularly highlighted by the number of partnerships it has signed for custom accelerators, in which Broadcom holds around 60% market share as of 2026. This dominance is a result of manufacturing capacity as well as great IP and design expertise that allows hyperscalers to develop highly efficient hardware for their specific software stacks. These XPUs are meant to eliminate the massive weight of Nvidia ( NVDA ) in the industry, in which its GPUs have unnecessary features relative to inference or training. ...
Sundry Photography/iStock Editorial via Getty Images Introduction A lot has happened for Broadcom ( AVGO ) since I last rated it a Buy back in early September 2025 and I want to revisit my thesis as to see if the company can still lead the charge in this new AI world, as it posted a return of negative 4% since despite having two blowout quarters in a row. Current Dynamics I’ll first go through the...
Sundry Photography/iStock Editorial via Getty Images Introduction A lot has happened for Broadcom ( AVGO ) since I last rated it a Buy back in early September 2025 and I want to revisit my thesis as to see if the company can still lead the charge in this new AI world, as it posted a return of negative 4% since despite having two blowout quarters in a row. Current Dynamics I’ll first go through the latest earnings as to provide a quick snapshot of what has been happening at the firm. Broadcom posted a double beat in its fiscal Q1 with Non-GAAP EPS coming out to $2.05, a slight beat of 3 cents, while revenue came out to a staggering $19.31B, a 29.4% Y/Y growth rate and a beat of $170MM. This was largely linked to the robust demand for custom AI accelerators and AI networking, with the overall AI revenue growth accelerating. That’s why the company has guided for AI revenue to be $10.7B in Q2 and overall revenue is set to come to $22B, ahead of the consensus of $20.4B, while EBITDA margin is set to come out to 68%. More so, management has set a clear line of sight to achieve AI revenue in excess of $100B by fiscal 2027 , which would be a giant leap from the reported $20B in AI sales reported during the whole fiscal 2025. Though this is actually credible considering the 140% Y/Y target of $10.7B for the incoming quarter. This is largely linked to the CapEx environment, where hyperscalers are projected to spend around $630B on AI infrastructure in 2026 alone. That is particularly highlighted by the number of partnerships it has signed for custom accelerators, in which Broadcom holds around 60% market share as of 2026. This dominance is a result of manufacturing capacity as well as great IP and design expertise that allows hyperscalers to develop highly efficient hardware for their specific software stacks. These XPUs are meant to eliminate the massive weight of Nvidia ( NVDA ) in the industry, in which its GPUs have unnecessary features relative to inference or training. ...
Klaus Vedfelt/DigitalVision via Getty Images Main Thesis & Background The purpose of this article is to evaluate the First Trust NASDAQ Technology Dividend Index Fund ( TDIV ) as an investment option at its current market price. The fund "seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ Technology Dividend Index", which includes Tech st...
Klaus Vedfelt/DigitalVision via Getty Images Main Thesis & Background The purpose of this article is to evaluate the First Trust NASDAQ Technology Dividend Index Fund ( TDIV ) as an investment option at its current market price. The fund "seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ Technology Dividend Index", which includes Tech stocks with a history of paying dividends. This is a fund I had written positively about many times but it has been a while since I last revisited it. If we look back to that prior review , I had a bullish take on the fund about two and a half years ago. Suffice to say, this would have been a profitable holding for those who bought it back then: Fund Performance (Seeking Alpha) Of course, much has changed in the short-term that we should consider the macro-backdrop even if longer term performance is strong. As I'm sure my followers are aware, US Tech (along with the broader market) has been facing some challenges of late. TDIV has not been immune to this either - with this ETF falling over 5% in the last month: 1-Month Performance (TDIV) (Seeking Alpha) The wider backdrop is surely unnerving to some investors but I would suggest that buying during times of turmoil is really how one finds "alpha" over time. In this light I think TDIV remains a strong option now. The US Tech sector has backed away from sky-high valuations and the outlook for this area in 2026 remains robust. I therefore believe getting in on this pullback makes sense and I see merit to keeping a "buy" rating in place. I will use this article to justify this opinion. Premium To S&P 500 Has Shrunk To begin this review I want to focus on why I believe readers should be considering Tech now . This is relevant for TDIV of course, since this fund is exclusive to the Tech sector. But I would concede this attribute is relevant for most US Tech plays. So even if one rules out TDIV as an option, this discussion is releva...