This article first appeared on GuruFocus. Micron Technology (NASDAQ:MU) just raised the bar again, guiding fiscal Q3 revenue to $33.5 billion and gross margin to ~81% as AI demand keeps tightening the memory market. The latest quarter was nothing short of explosive. Revenue came in at $23.9 billion, up 196% YoY and 75% sequentially, marking a fourth straight record. DRAM did most of the heavy lift...
This article first appeared on GuruFocus. Micron Technology (NASDAQ:MU) just raised the bar again, guiding fiscal Q3 revenue to $33.5 billion and gross margin to ~81% as AI demand keeps tightening the memory market. The latest quarter was nothing short of explosive. Revenue came in at $23.9 billion, up 196% YoY and 75% sequentially, marking a fourth straight record. DRAM did most of the heavy lifting at $18.8 billion, up 207% YoY and making up 79% of total sales, while NAND climbed 169% to $5 billion. Gross margin jumped to 75%, up 18 points sequentially, and EPS surged to $12.20, up 682% YoY. CEO Sanjay Mehrotra summed it up simply, saying revenue nearly tripled from a year ago, with strength across every business line. What really stands out is the forward outlook. Micron sees Q3 EPS hitting $19.15, helped by better pricing, lower costs and a richer product mix tied to AI. The company also generated $6.9 billion in free cash flow and ended with $16.7 billion in cash, while locking in its first 5-year customer agreement to bring more stability to demand.
Dow Jones futures fell modestly early Thursday, along with S&P 500 futures and Nasdaq futures, as global oil prices jumped. Micron Technology (MU) reported blowout earnings and guidance late Wednesday, but shares tumbled on heavy spending plans. Sandisk (SNDK) and Western Digital (WDC) also declined. The stock market retreated solidly Wednesday with the Dow Jones and S&P 500 undercutting recent…
Dow Jones futures fell modestly early Thursday, along with S&P 500 futures and Nasdaq futures, as global oil prices jumped. Micron Technology (MU) reported blowout earnings and guidance late Wednesday, but shares tumbled on heavy spending plans. Sandisk (SNDK) and Western Digital (WDC) also declined. The stock market retreated solidly Wednesday with the Dow Jones and S&P 500 undercutting recent…
Hiroshi Watanabe/DigitalVision via Getty Images Market Review The MSCI EAFE Index returned 4.86% in the fourth quarter of 2025. This capped a strong year, ending at 31.22%. International stocks outperformed their US counterparts over the quarter and the year. Central banks around the world have taken different paths to cutting rates. The Fed's move toward easing, typically softening the US dollar ...
Hiroshi Watanabe/DigitalVision via Getty Images Market Review The MSCI EAFE Index returned 4.86% in the fourth quarter of 2025. This capped a strong year, ending at 31.22%. International stocks outperformed their US counterparts over the quarter and the year. Central banks around the world have taken different paths to cutting rates. The Fed's move toward easing, typically softening the US dollar and boosting overseas revenue translation, has been supportive for certain EAFE constituents. Overall, easing global financial conditions, a strong precious metals market, and geopolitical dynamics continued to drive international equities this past quarter. Additionally, value stocks outperformed growth stocks during the period. Performance Review In the fourth quarter of 2025, our International Equity Insights Fund returned 6.16%, outperforming its MSCI EAFE Index benchmark by 130 basis points over the period (net, I-share). All four of our investment pillars contributed to excess returns over the period, as well as country tilts. Our Themes and Trends investment pillar contributed the most to our excess returns in the fourth quarter. Our suite of signals focusing on industry momentum and economic linkages guided overweight positioning in select diversified Metals & Mining companies, particularly within the UK, Sweden, and Australia. Such names performed strongly in the quarter due to their exposure to precious metals where demand rose amid global tension. Our Fundamental Mispricings pillar was also additive to performance in the period. Our suite of signals focused on industry rotations guided overweight positioning within specific Diversified Bank companies that outperformed over the period due to strong earnings and resilient profits. Our High-Quality Business Models pillar was also additive. Select underweights to European software companies contributed to excess returns. Some of these companies struggled amid geopolitical uncertainty as well as a challenging competit...
Key Points Sea Limited is a triple threat with booming e-commerce, digital financial services, and gaming businesses. Its revenue growth accelerated for the second straight year in 2025, and its profits rocketed higher. Sea stock is trading at an extremely attractive valuation, which could open the door to significant upside. 10 stocks we like better than Sea Limited › The benchmark S&P 500 index ...
Key Points Sea Limited is a triple threat with booming e-commerce, digital financial services, and gaming businesses. Its revenue growth accelerated for the second straight year in 2025, and its profits rocketed higher. Sea stock is trading at an extremely attractive valuation, which could open the door to significant upside. 10 stocks we like better than Sea Limited › The benchmark S&P 500 index is off to a rocky start to 2026, having lost around 5% of its peak value. With geopolitical tensions and economic uncertainty on the rise, this sell-off could morph into a correction of 10% or more. But throughout history, the S&P 500 has always recovered to new record highs over the long term, so dips usually represent buying opportunities for investors. For that reason, I bought Sea Limited (NYSE: SE) stock earlier this month. It's a Singapore-based technology powerhouse operating three core businesses in the e-commerce, gaming, and digital financial services segments. Its stock has heavily underperformed the market lately, declining by a whopping 56% from its 52-week high. 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 » But I think it's a solid buy based on its extremely attractive valuation, and the company's rapid financial growth. A triple threat in the digital economy Sea owns Shopee, which is the largest e-commerce platform in Southeast Asia. It processed 13.9 billion orders worth $127.4 billion during 2025, and both numbers were record highs. Sea is squeezing more revenue out of Shopee over time by selling digital ads on the platform. It's also improving its logistics network to deliver products to customers much faster, which in turn leads to more orders. Then there is Sea's digital financial services platform, Monee. It lends money to Shopee merchants to help them grow their business, and it al...
US Secretary of Defense Pete Hegseth speaks during a news conference at the Pentagon in Washington, DC, on March 19, 2026. Mandel Ngan | Afp | Getty Images Defense Secretary Pete Hegseth said Thursday that the Pentagon's reported $200 billion budget request for Iran war funding "could move." "It takes money to kill bad guys," Hegseth said at a press briefing when asked to confirm the figure, which...
US Secretary of Defense Pete Hegseth speaks during a news conference at the Pentagon in Washington, DC, on March 19, 2026. Mandel Ngan | Afp | Getty Images Defense Secretary Pete Hegseth said Thursday that the Pentagon's reported $200 billion budget request for Iran war funding "could move." "It takes money to kill bad guys," Hegseth said at a press briefing when asked to confirm the figure, which The Washington Post first reported Wednesday evening. "We're going back to Congress and our folks there to ensure that we're properly funded," Hegseth said. U.S. military operations against Iran, which began Feb. 28, have already cost $12 billion as of Sunday, according to Kevin Hassett, director of President Donald Trump 's National Economic Council. Hassett, speaking on CBS News' "Face the Nation," said at that time that he did not think the U.S. needed to ask Congress for more money for the war effort "right now." This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
As artificial intelligence threatens the online identity security framework, Macquarie thinks cybersecurity company Okta could use the moment as an opportunity to reaccelerate its business. The bank is initiating coverage on the identity and access management company with an outperform rating and a $100 price target, implying a more than 27% gain from Wednesday's close. In a Wednesday note, analys...
As artificial intelligence threatens the online identity security framework, Macquarie thinks cybersecurity company Okta could use the moment as an opportunity to reaccelerate its business. The bank is initiating coverage on the identity and access management company with an outperform rating and a $100 price target, implying a more than 27% gain from Wednesday's close. In a Wednesday note, analyst Steve Koenig wrote that Okta has several ways to boost revenue growth in the medium term, including longer contract lengths, shifting its product launch strategy and growing its presence in the Amazon Web Services marketplace. However, it's the opportunity with AI that he detailed the most. "Adoption of agentic AI could represent a significant new opportunity in the identity space, as enterprises need to protect non-human identities," Koenig said. "A major focus of OKTA's current roadmap is securing the AI-driven enterprise through an identity security fabric." OKTA 6M mountain OKTA six-month chart. That means securing all identity types: human, machine and AI agent. Okta's product for AI agents was launched in January, and the company is working with to encourage its use, Koenig said. The product isn't included in Okta's full-year guidance, so its initial impact is likely to be small, he said. However, in the longer term, he expects there is a lot of potential. "If we assume that enterprises will allocate a conservative 1% of their spend on agentic AI to protect its new tools, we could assume that $2B would be up for grabs among the identity cybersecurity enterprises," Koenig wrote. Competition in the cybersecurity space is fierce, though, he said, warning that Okta will need to evolve "from a pure-play identity company into a participant in a multilayered security ecosystem." Shares of Okta slipped less than 1% in premarket trading Thursday.
UK Chancellor of the Exchequer Rachel Reeves discusses UK startups and the government's plan to keep high-growth companies rooted in the UK, as well as efforts to create a British version of Silicon Valley. One of the challenges, she says, is that while Britain has many startup companies, as they scale up, "they drift towards America." She's on this week's episode of The David Rubenstein Show: Pee...
UK Chancellor of the Exchequer Rachel Reeves discusses UK startups and the government's plan to keep high-growth companies rooted in the UK, as well as efforts to create a British version of Silicon Valley. One of the challenges, she says, is that while Britain has many startup companies, as they scale up, "they drift towards America." She's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded January 21 on the sidelines of the World Economic Forum in Davos. (Source: Bloomberg)
Aluminum plunged by the most since 2018 on the London Metal Exchange as growing worries about the global economic impact of the war in Iran fueled broad losses across industrial metals markets. Prices dropped as much as 8.4% to $3,115 a ton, rapidly eroding gains seen since the start of the Iran conflict that had been fueled by risks to regional aluminum supplies. The plunge came during a broad se...
Aluminum plunged by the most since 2018 on the London Metal Exchange as growing worries about the global economic impact of the war in Iran fueled broad losses across industrial metals markets. Prices dropped as much as 8.4% to $3,115 a ton, rapidly eroding gains seen since the start of the Iran conflict that had been fueled by risks to regional aluminum supplies. The plunge came during a broad selloff in industrial metals and broader markets, with copper plunging more than 4%, gold dropping more than 5% and global equity markets trading sharply lower.
TCW Group’s Katie Koch sees buying opportunities in private credit and says the firm is looking to deploy capital across fresh loans and rescue financing. “As the crowds go for the exit, this is the moment where people should be buying,” the asset manager’s CEO told Bloomberg's The Pulse with Francine Lacqua. (Source: Bloomberg)
TCW Group’s Katie Koch sees buying opportunities in private credit and says the firm is looking to deploy capital across fresh loans and rescue financing. “As the crowds go for the exit, this is the moment where people should be buying,” the asset manager’s CEO told Bloomberg's The Pulse with Francine Lacqua. (Source: Bloomberg)
Skyward Specialty Insurance Group, Inc. SKWD is expanding its product set while staying anchored to disciplined underwriting. Its focus is not on chasing premium growth, but on scaling specialty lines where standard coverage falls short and pricing remains rational. The company operates through nine underwriting divisions across multiple lines, targeting underserved and dislocated markets. This st...
Skyward Specialty Insurance Group, Inc. SKWD is expanding its product set while staying anchored to disciplined underwriting. Its focus is not on chasing premium growth, but on scaling specialty lines where standard coverage falls short and pricing remains rational. The company operates through nine underwriting divisions across multiple lines, targeting underserved and dislocated markets. This structure supports a diversified earnings base, with exposure to business lines that are less tied to traditional property and casualty cycles. Its mix remains balanced across channels, with 59% of 2025 gross written premiums coming from non-admitted business and 41% from admitted. SKWD’s Targeted Product Additions Recent product launches reinforce this approach. In February 2026, Skyward introduced a power generation insurance solution aimed at small to mid-sized producers in the United States, addressing evolving risk needs in that segment. A month earlier, it expanded its excess and surplus property portfolio by adding excess coverage, increasing its ability to participate in layered programs for complex, non-catastrophe risks. The company is also extending its reach internationally. In January 2026, Skyward outlined progress in scaling its life sciences offering globally, supported by the Apollo acquisition. Apollo operates as its Lloyd’s platform, complementing Skyward’s U.S. business and enabling access to broader markets. The model adds a fee-based, capital-light earnings stream while expanding distribution. It also strengthens Skyward’s ability to build specialized lines across geographies without significantly increasing balance sheet risk. Sharper Risk Profile At the same time, the company continues to refine its risk profile. Commercial auto exposure has been reduced by more than 62% over the past 12 quarters through the fourth quarter of 2025, reflecting a clear shift away from more volatile segments. It beat earnings estimates in each of the past four quarters, w...
Taiwan Semiconductor Manufacturing Company TSM, also known as TSMC, continues to lead the global chip foundry market. Its scale and technology make it the first choice for companies driving the artificial intelligence (AI) boom. NVIDIA, Advanced Micro Devices and Broadcom all count on TSMC to build advanced graphics processing units (GPUs) and AI accelerators, which have led to record profits and ...
Taiwan Semiconductor Manufacturing Company TSM, also known as TSMC, continues to lead the global chip foundry market. Its scale and technology make it the first choice for companies driving the artificial intelligence (AI) boom. NVIDIA, Advanced Micro Devices and Broadcom all count on TSMC to build advanced graphics processing units (GPUs) and AI accelerators, which have led to record profits and a significant increase in revenues. In 2025, the company’s revenues jumped 35.9% year over year to $122.42 billion, while earnings per share (EPS) soared 51.3% to $10.65. The robust growth was primarily driven by increased orders for 3nm and 5nm chips, which are used in AI servers and high-performance computing applications. Taiwan Semiconductor expects the trend to continue and forecasts approximately 30% revenue growth in 2026. AI-related chips used in data centers, cloud platforms and advanced computing systems require cutting-edge manufacturing. With Taiwan Semiconductor’s advanced fabrication facilities, the company is well-positioned to benefit from the rising demand for AI and advanced computing chips. To meet the growing demand for AI and advanced computing chips, TSMC is expanding its fabrication facilities across different countries. In the United States alone, Taiwan Semiconductor is investing $165 billion to build five new state-of-the-art fabrication facilities and two advanced packaging facilities in Arizona. These facilities will boost the U.S. semiconductor supply chain for chips used in AI and high-performance computing. Apart from this, it is expanding fabrication facilities across Germany, Japan and Taiwan. This global expansion reflects Taiwan Semiconductor’s response to customer demand for geographic flexibility and government incentives. By locating capacity closer to key clients and end markets, the company strengthens its role as a critical supplier in the semiconductor supply chain. We believe that TSMC’s global fab expansion push will help it capit...
Taiwan Semiconductor Manufacturing Company TSM, also known as TSMC, continues to lead the global chip foundry market. Its scale and technology make it the first choice for companies driving the artificial intelligence (AI) boom. NVIDIA, Advanced Micro Devices and Broadcom all count on TSMC to build advanced graphics processing units (GPUs) and AI accelerators, which have led to record profits and ...
Taiwan Semiconductor Manufacturing Company TSM, also known as TSMC, continues to lead the global chip foundry market. Its scale and technology make it the first choice for companies driving the artificial intelligence (AI) boom. NVIDIA, Advanced Micro Devices and Broadcom all count on TSMC to build advanced graphics processing units (GPUs) and AI accelerators, which have led to record profits and a significant increase in revenues. In 2025, the company’s revenues jumped 35.9% year over year to $122.42 billion, while earnings per share (EPS) soared 51.3% to $10.65. The robust growth was primarily driven by increased orders for 3nm and 5nm chips, which are used in AI servers and high-performance computing applications. Taiwan Semiconductor expects the trend to continue and forecasts approximately 30% revenue growth in 2026. AI-related chips used in data centers, cloud platforms and advanced computing systems require cutting-edge manufacturing. With Taiwan Semiconductor’s advanced fabrication facilities, the company is well-positioned to benefit from the rising demand for AI and advanced computing chips. To meet the growing demand for AI and advanced computing chips, TSMC is expanding its fabrication facilities across different countries. In the United States alone, Taiwan Semiconductor is investing $165 billion to build five new state-of-the-art fabrication facilities and two advanced packaging facilities in Arizona. These facilities will boost the U.S. semiconductor supply chain for chips used in AI and high-performance computing. Apart from this, it is expanding fabrication facilities across Germany, Japan and Taiwan. This global expansion reflects Taiwan Semiconductor’s response to customer demand for geographic flexibility and government incentives. By locating capacity closer to key clients and end markets, the company strengthens its role as a critical supplier in the semiconductor supply chain. We believe that TSMC’s global fab expansion push will help it capit...
(RTTNews) - Viatris (VTRS) said, for combined long-term Targets through 2030, the company expects to deliver 5% to 6% total revenues CAGR, 7% to 8% adjusted EBITDA CAGR, 9% to 10% adjusted EPS CAGR and more than $3 billion in annual free cash flow in 2030. The company said its combined long-term targets are comprised of the base case long-term targets and potential additional drivers. For base cas...
(RTTNews) - Viatris (VTRS) said, for combined long-term Targets through 2030, the company expects to deliver 5% to 6% total revenues CAGR, 7% to 8% adjusted EBITDA CAGR, 9% to 10% adjusted EPS CAGR and more than $3 billion in annual free cash flow in 2030. The company said its combined long-term targets are comprised of the base case long-term targets and potential additional drivers. For base case long-term targets through 2030, Viatris expects base business, supported by anticipated upcoming launches of value-added medicines, to deliver 3% to 4% total revenues CAGR, 4% to 5% adjusted EBITDA CAGR, 6% to 7% adjusted EPS CAGR, and more than $2.7 billion in annual free cash flow in 2030. The company expects more than $11 billion in cash available for deployment through 2030 under its base case long-term targets. Potential additional drivers include expected growth from accretive business development and the potential launches of selatogrel and cenerimod. Doretta Mistras, CFO, Viatris, said: "We expect to have more than $11 billion in cash available for deployment through 2030, which would enable us to return capital to shareholders and pursue accretive business development to further strengthen our long-term growth profile." In pre-market trading on NasdaqGS, Viatris shares are down 3.35 percent to $13.28. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - The Canadian market may open with a negative bias on Thursday amid an escalation in tensions in the Middle East after fresh strikes by Iran on Persian Gulf oil-and-gas infrastructure. After Israel launched an attack on Iran's South Pars gas field, Tehran retaliated by hitting gas facilities in Qatar and Saudi Arabia, triggering fears of a wider conflict in the region. Oil prices shot u...
(RTTNews) - The Canadian market may open with a negative bias on Thursday amid an escalation in tensions in the Middle East after fresh strikes by Iran on Persian Gulf oil-and-gas infrastructure. After Israel launched an attack on Iran's South Pars gas field, Tehran retaliated by hitting gas facilities in Qatar and Saudi Arabia, triggering fears of a wider conflict in the region. Oil prices shot up, with the Brent Crude futures rising past $119 a barrel, and WTI futures crossing the $100 a barrel mark again. Prices dropped subsequently, but still remained at elevated levels. Hawkish tones by the Federal Reserve and the Bank of Canada may also weigh on sentiment. Central banks of both the countries left their interest rates unchanged, but warned of rate hikes to combat inflation. In earnings news, Premium Brands Holdings Corporation (PBH.TO) reported fourth quarter revenue of $1.9 billion, up $15.7% or $258.00 million, compared to the fourth quarter of 2024. Adjusted EPS for the fourth quarter was $1.29 per share representing a 22.9%, or $0.24 per share, increase as compared to the fourth quarter of 2024. Bay Street ended with sharp losses on Wednesday, weighed down by a plunge in the materials sector due to a steep decline in gold prices. Investors also assessed monetary policy decisions by the central banks of Canada and the U.S. The benchmark S&P/TSX Composite Index ended with a loss of 616.42 points or 1.87% at 32,312.67. Asian stocks nosedived on Thursday as rising oil prices following attacks on key energy infrastructure in the Middle East rekindled concerns about inflation, interest rates and the regional growth outlook. The major European markets are down sharply, hurt by concerns about an escalation in tensions in the Middle East due to fresh strikes on energy facilities, and the war's impact on global economic growth. The Bank of England has left its interest rate unchanged, as widely expected. The European Central Bank's policy announcement is due in a whi...