Micron Technology Inc.

Bed Bath & Beyond, Krispy Kreme, Target and more

Scott Olson | Getty Images Check out the companies making the biggest moves midday: Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margin. The company said its quarterly profit fell almost 90% from a year ago. However, Target reiterated its full-year forecast and …

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What top tech investor Paul Meeks is buying as tech rallies

After a massive flight to safety in the first half of the year, investors are buying into tech once again — but top tech investor Paul Meeks is far from convinced. “I feel this way not really because I see the fundamentals for the bulk of these companies improving much in the near term, but …

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Opinion: Here’s the big concern with chip makers scoring billions in funds from Uncle Sam

On the day that Congress finally passed a long-awaited funding package for domestic US chip production, Intel Corp. slashed $4 billion from its spending plans while detailing disappointing earnings that one analyst called “the worst we have seen in our career.” On Tuesday, when President Biden signed that bill into law with Micron Technology MU, …

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BlackRock warns investors should buy defensive stocks and bonds as tech-led rally at risk of fizzling

Following July’s spectacular rally, US stocks SPX, -0.42% have been caught in a tight trading range over the past two weeks as investors struggle to make sense of some of the most confounding economic data in recent years. But while the S&P 500 index has held above the key 4,000 level thanks largely to a …

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Stock futures flat as investors brace for July inflation report

Stock futures were little changed early on Wednesday as investors looked ahead to a key inflation report set to be released Wednesday. Dow Jones Industrial Average futures were flat. S&P 500 and Nasdaq 100 futures were fractionally lower. The moves come after the S&P 500 and Nasdaq fell for a third straight day on Tuesday. …

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Micron stock falls as company issues revenue warning amid ‘challinging’ memory chip conditions

Micron Technology Inc. shares were falling more than 5% in morning trading Tuesday after the memory-chip producer said that it expects to be impacted by “challinging” market conditions. Ahead of an investor presentation, Micron MU, -3.74% executives disclosed in a filing that they expect that revenue for the company’s fiscal fourth quarter, which ends in …

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Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more

A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Check out the companies making headlines in midday trading. Norwegian Cruise Line — Shares sank nearly 12% on Tuesday after the company reported second-quarter results …

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Micron to invest $40 billion in US chip manufacturing

Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Micron announced Tuesday it will invest $40 billion between now and 2030 to manufacture chips in the US The investment is supported by grants and credits from the CHIPS and Science Act, which President Joe Biden will sign on Tuesday. Micron said it will create up to …

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Novavax, GoodRx, Allbirds and more

Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock plummeted 32.3% in the premarket after posting an unexpected quarterly loss and cutting its full-year revenue guidance in half. Novavax said it did not expect any further US sales of its Covid-19 vaccine this year amid soft …

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US chip industry split over CHIPS act benefits to Intel

Intel Pentium CPU photographed after Intel revealed information about major flow in the chipsets. JP Black | LightRocket | Getty Images Several US semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language of the legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel, sources …

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