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Fri, 26 Apr 2024 18:27:43 +0000	Intel CEO confident in its AI future after posting soft guidance Intel's negative earnings surprise caught a few of the newfound bulls to the story by surprise.
Fri, 26 Apr 2024 12:51:00 +0000	Micron (MU) Secures $6.1B for Domestic Manufacturing Expansion The $6.1 billion in grants to Micron (MU) is likely to facilitate the construction of cutting-edge memory fabs in Idaho and New York, paving the way for a resurgence of semiconductor production on American soil.
Thu, 25 Apr 2024 19:31:00 +0000	Biden Keeps Doling Out Billions to Chipmakers. Here’s What Really Matters. Despite nearly $28 billion in subsidies flowing to chip companies, AI remains the industry’s kingmaker.
Thu, 25 Apr 2024 19:06:21 +0000	Micron Clinches Up to $13.6 Billion in US Grants, Loans (Bloomberg) -- The US plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing. Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldThe Long, Slow Death of Urban NightlifeFed’s Preferred Core Inflation Gauge Rose at Br
Thu, 25 Apr 2024 18:55:00 +0000	Why Micron Technology Stock Bucked the Market Downtrend on Thursday The chipmaker will get a huge influx of cash from the CHIPS Act.
Thu, 25 Apr 2024 18:13:27 +0000	Biden bets big on Idaho chips—of the semiconductor variety Biden administration announces $6.1 billion Chips Act grant for Boise-based semiconductor maker Micron.
Thu, 25 Apr 2024 18:11:56 +0000	Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US On Thursday, Micron Technology, Inc (NASDAQ:MU) announced signing a non-binding Preliminary Memorandum of Terms (PMT) for $6.1 billion in funding under the CHIPS and Science Act. This funding will support Micron’s planned leading-edge memory manufacturing in Idaho and New York. The CHIPS and Science Act will allocate $6.1 billion in grants to aid Micron’s commitment to investing about $50 billion in gross capital expenditures for domestic leading-edge memory manufacturing through 2030. These gra
Thu, 25 Apr 2024 09:10:00 +0000	Micron, Biden-Harris Administration, U.S. Senate Majority Leader Schumer Announce $6.1B in CHIPS and Science Act Funding for Historic Planned Investment in Domestic Leading-Edge Memory Manufacturing in Idaho and New York Grants support Micron’s plans to invest approximately $50 billion in gross capex through 2030 Memory fabs in Idaho and New York to strengthen U.S. economic and national security, expected to create approximately 75,000 direct and indirect jobs across the U.S. semiconductor supply chain BOISE, Idaho, April 25, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), one of the world’s largest semiconductor companies and the only U.S.-based manufacturer of memory, and the Biden-Harris Admini
Thu, 25 Apr 2024 09:06:22 +0000	Biden announces preliminary deal with Micron for up to $6.14 billion in chip grants WASHINGTON (Reuters) -U.S. President Joe Biden traveled to Syracuse, New York, on Thursday and announced a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip factories. The agreement signed by the U.S. Commerce Department will fund facilities in New York and Idaho under the 2022 CHIPS and Science Act, which aims to boost domestic manufacturing of chips and reduce reliance on supplies from China and Taiwan. Biden said the United States used to have 40% of the chips market but over time production moved outside the country and the pandemic exposed weaknesses in the U.S. supply chain that hurt critical industries.
Thu, 25 Apr 2024 09:06:01 +0000	Biden celebrates computer chip factories, pitching voters on American 'comeback' President Joe Biden on Thursday sought to sell voters on an American “comeback story” as he highlighted longterm investments in the economy in upstate New York to celebrate Micron Technology's plans to build a campus of computer chip factories made possible in part with government support. Staring down a rematch with Republican Donald Trump, Biden was asking voters to buy into his vision of the future, at a moment when voters are most worried about enduring pressures from high inflation. The initial phase of New York project would open the first plant in 2028 and the second plant in 2029, with more time expected for the next two factories to be completed.
Thu, 25 Apr 2024 09:00:22 +0000	Biden has a favorite stop when he hits the road: Chipmaking plants Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.
Thu, 25 Apr 2024 09:00:00 +0000	Micron Gets $6.1 Billion to Build Three New Facilities The government grant will fuel up to $125 billion in investment by Micron in New York and Idaho over the next 20 years, U.S. officials said.
Tue, 23 Apr 2024 17:35:26 +0000	Why BigBear.ai, Super Micro Computer, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Surged on Tuesday Developments involving another key player in AI helped boost others in the space.
Tue, 23 Apr 2024 17:00:00 +0000	Micron Technology Stock Has 37% Upside, According to 1 Wall Street Analyst Micron sees revenue hitting a new record next year.
Mon, 22 Apr 2024 12:28:00 +0000	Top 5 U.S. Giants at Lucrative Valuations Amid April Turmoil We have narrowed our search to five U.S. bigwigs (market capital > $70 billion) with attractive valuations. These are: NVDA, MU, BDX, ANET, EQIX.
Sat, 20 Apr 2024 18:37:53 +0000	Time to Cash Out? 3 Overvalued Tech Stocks to Dump Before the Selloff Cracks are starting to form in the tech trade. After leading the market higher over the last 18 months, technology stocks are starting to waver. Since peaking in late March, the Nasdaq composite index has declined 6%. The pullback comes as markets adjust their outlook for interest rate cuts this year. In January, the market was pricing in at least six rate reductions in 2024. Now, only two interest rate cuts are anticipated. Higher for longer rates are troublesome for high-flying technology stoc
Fri, 19 Apr 2024 19:38:01 +0000	Why Micron Technology (MU) Shares Are Sliding Today Shares of memory chips maker Micron (NYSE:MU) fell 5.5% in the afternoon session after major indices declined with the Nasdaq down 2.1% while the S&P 500 fell by 0.9%. Netflix reported mixed results to kick off the new earnings season. The video-streaming giant provided underwhelming sales guidance for the full year and guided for growth to decelerate in the second half of the year. Also, Netflix surprisingly announced it will stop disclosing subscriber count (starting in the first quarter of 20
Fri, 19 Apr 2024 16:10:15 +0000	AI investments will help chip sector to recover: Analyst The semiconductor sector is undergoing a correction as interest rate cut expectations dwindle, prompting concerns about the impact on these high-growth, technology-driven stocks. Wedbush Enterprise Hardware Analyst Matt Bryson joins Yahoo Finance to discuss the dynamics shaping the chip industry. Bryson acknowledges that the rise of generative AI has been a significant driving force behind the recent success of chip stocks. While he believes that AI is shifting "the way technology works," he notes it will take time. Due to this, Bryson highlights that "significant investment" will continue to occur in the chip market, fueled by the growth of generative AI applications. However, Bryson cautions that as interest rates remain elevated, it could "weigh on consumer spending." Nevertheless, he expresses confidence that the AI revolution "changing the landscape for tech" will likely insulate the sector from the effect of high interest rates, as investors are unwilling to miss out on the "next technology" breakthrough. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
Fri, 19 Apr 2024 15:30:08 +0000	Micron (MU) Up 1.9% Since Last Earnings Report: Can It Continue? Micron (MU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Fri, 19 Apr 2024 14:30:00 +0000	Supermicro Stock Falls Sharply, Continuing Slide as Chip Shares Drop Is the shine starting to come off Super Micro Computer stock? Shares of the server maker, better known as Supermicro, fell 22% Friday, putting the stock on track for its fifth decline in six sessions. The stock was recently on track for its lowest close since February, according to Dow Jones Market Data, on track for its lowest close since February.