Crucial is a casualty of AI's hunger for RAM

Micron Technology is winding down its consumer-facing Crucial brand to focus on providing RAM and other components to the AI industry, The Wall Street Journal reports. The company plans to continue sh [...]

Trump administration official says some CHIPS Act companies won't need to give up equity

Last week, the Trump administration said it might take a stake in Intel in exchange for the $10.86 billion in federal grants the company is receiving from the Chips and Science (CHIPS) Act. However, n [...]

South Korean chip shares rally after Micron’s upbeat earnings

South Korean chip stocks rallied on Thursday after Micron Technology reported a record quarter and an upbeat outlook, reviving optimism that demand for AI memory will stay tight well into next year. T [...]

Micron is spending $10bn on a lab betting the memory cycle has changed

Micron is putting $10bn into a research lab built on the premise that AI has permanently changed what memory is worth. The company announced Micron Research Labs on Thursday, headquartered in Boise, I [...]

Micron briefly surpassed Meta and Tesla in market value. Its stock is up 236% in a month.

Micron Technology briefly surpassed Meta and Tesla in market valuation on Thursday, closing the week at roughly $1.27 trillion. The stock has soared over 236% in the past month alone, reaching $1,132 [...]

Micron approaches $1tn as UBS sees a path to $1.8tn over 12 months

Timothy Arcuri lifted his price target to $1,625 from $535 on the back of long-term HBM supply agreements that, in his read, compress the boom-bust memory cycle into something closer to a structural d [...]

Elon Musk is reportedly trying to take SpaceX public

Elon Musk is reportedly looking to finally take SpaceX public after years of resistance, according to sources who spoke to The Wall Street Journal. The company has long said it wouldn't choose a [...]

Micron’s revenue quadrupled as AI memory demand pushes gross margins above 81 percent

Micron Technology posted fiscal third-quarter revenue of nearly $42bn, quadrupling from just over $9bn a year earlier and beating Wall Street estimates by a wide margin. The results, reported on Tuesd [...]

Anthropic and Micron want to co-design AI memory architecture

Micron is investing in Anthropic's Series H round and getting a multi-year deal to supply memory for Claude's infrastructure. Anthropic co-founder Tom Brown calls memory critical to training [...]