Micron stock heats up again, crossing $1,000
Micron shares crossed the $1,000 mark in premarket trading Monday, extending a 36% rally from July lows amid strong demand for memory chips used in AI infrastructure.
Micron shares crossed the $1,000 mark in premarket trading Monday, extending a 36% rally from July lows amid strong demand for memory chips used in AI infrastructure.
Peter Thiel’s hedge fund acquired a roughly 1% stake in Argentine shale oil producer Vista Energy valued at approximately $76 million as of June 30.
Citius Oncology shares fell 10.05% after reporting third-quarter revenue of $1.5 million, missing the $12.52 million consensus estimate, though LYMPHIR product orders showed accelerating momentum.
The dollar fell to its lowest level in over two months as traders reduced rate hike expectations amid softer economic data, lifting the euro and yen.
Major technology companies’ massive borrowing for artificial intelligence infrastructure is competing with government debt sales and pushing Treasury yields to 25-year highs, complicating efforts to reduce interest rates.
Atlassian and Cloudflare delivered strong earnings results that countered market concerns about enterprise software demand weakness, with Atlassian beating profit forecasts and Cloudflare achieving record revenue growth.