Search results for Sanjay Mehrotra
Industry
Micron shares surge 700 percent in a year; memory rally not over, shortage to last beyond 2027
Micron’s fiscal third-quarter revenue rose to $41.46 billion, more than quadrupling from a year earlier and beating market estimates, as AI-driven memory demand pushed prices higher. The company forecast current-quarter revenue of about $50 billion, also above estimates. Micron said tight memory supply could persist beyond 2027 and cited 16 long-term contracts lasting 3 to 5 years. Gross margin and profit jumped sharply, while its shares fell in regular trade but rose after-hours.
Crypto
Crypto ties account for 40 percent of U.S. CEO delegation joining Trump\'s China visit
About 40 percent of the U.S. CEO delegation accompanying President Donald Trump on his China visit is directly or indirectly linked to cryptocurrency businesses, a report said. Trump is expected to visit Beijing this week with about 17 executives to meet President Xi Jinping, with the trip set for May 13 to 15. The delegation spans technology, finance, aerospace and agriculture, while attention focuses on firms tied to digital assets and related market implications.
AI & Enterprise
AI lead stock rotation puts memory, CPU and fiber optic firms in focus
AI infrastructure investment enthusiasm led by Nvidia is spreading quickly to a wider range of hardware companies, CNBC reported. This week, shares of AMD and Intel rose about 25% each, Micron gained more than 35% and Corning climbed about 20%. All four have more than doubled this year. Intel has risen more than 200%, while Nvidia is up 16%. Analysts also highlighted strong momentum in memory and CPUs, while warning of potential corrections.
