Micron’s Free Cash Flow Is Set to Exceed All Prior Years Combined
The number that has Micron’s investors talking is not revenue, and it is not market share. It is free cash flow — the money left after capital spending — which…
AMD Shares Rally as Analysts Lift Price Targets Across the Board
The notes went out within hours of each other. Citi raised its target on AMD to $575, Bank of America to $560, TD Cowen to $600 and Mizuho to $615.…
Asian Chip Stocks Surge as Samsung Jumps 11% in One Day
On the Seoul exchange, the trading halt hit before lunch, and traders on the floor described the mood as a mix of relief and disbelief. Samsung Electronics rose 11% in…
Xbox Revenue Keeps Falling After $20 Billion of Spending
The memo landed on June 10 with a title that did not hedge: “Next 100 Days: Xbox Reset.” In it, Microsoft’s gaming division acknowledged what executives had said privately for…
Hedge Funds Shed Big Tech Before SpaceX Debut, JPMorgan Data Show
The selling started on June 5 and did not stop for a week. Across hedge fund books, positions in the biggest American technology stocks came down in size — every…
Mistral in Talks to Raise 3 Billion Euros at a 20 Billion Euro Valuation
In a glass office block near the Paris Bourse, the founders of Mistral AI are doing what they have done at every stage of the company’s life: raising money. The…
SpaceX Stock Closes Up 19% in Trading Debut, Making Musk the First Trillionaire
The first trades crossed at 9:30 a.m., and by the closing bell the tape told a story four years in the making. SpaceX, the rocket company Elon Musk built from…
The SpaceX IPO Left Some Investors Waiting in the Dark
On the morning of June 12, as SpaceX shares opened 29% above their offer price on Nasdaq, an investor who had wired money into a SpaceX special purpose vehicle in…
Meta Weighs a Stock Sale to Fund Its AI Push
Meta Platforms is considering raising tens of billions of dollars through a stock offering to help finance its artificial intelligence buildout, according to people familiar with the discussions. The talks…
Broadcom’s $120 Billion Seat at the AI Financing Table
Broadcom makes the networking chips that move data inside AI data centers. Increasingly, it also helps pay for the data centers themselves. The company has participated in financing for artificial…
