Artificial intelligence has changed the economics of semiconductors.
John Coogan spent Wednesday's TBPN segment arguing that the largest AI hardware IPO no US retail investor can buy yet might also be the cheapest name in the entire complex.
South Korean semiconductor giant SK Hynix made history on Wall Street, listing on Nasdaq today via American Depositary Receipts (ADRs) under the ticker SKHY. The firm's US initial public offering (IPO) priced at $149 was more than 7x oversubscribed – and raised a total of about $26.5 billion.
When expectations get ahead of reality, stocks tend to sell off. But that doesn't mean that the story is over.
Micron Technology, Inc. delivered extraordinary Q3 results, with 346% revenue growth and a 1,215% YoY EPS surge, far surpassing aggressive expectations. Pricing power is unprecedented, driven by tight supply and AI-driven demand, resulting in gross margins expanding 46 percentage points YoY to 85%. Strategic Customer Agreements lock in multi-year, non-cancelable commitments, significantly reducing cyclicality and enhancing business resilience.
SanDisk (NASDAQ:SNDK | SNDK Price Prediction) and Micron Technology (NASDAQ:MU) both delivered blockbuster AI-driven memory quarters, then got swept up in a brutal mid-July correction as investors questioned whether storage demand has peaked.
Micron Technology NASDAQ: MU just accelerated a $250 billion domestic fabrication commitment, pouring concrete a full quarter ahead of schedule at its new Clay, New York mega-fab.
Zacks.com users have recently been watching Micron (MU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
SK Hynix is about to go live on the U.S. market, and Micron (NASDAQ:MU | MU Price Prediction) will no longer be the lone go-to option for investors looking to play the DRAM shortage.
Micron remains a 2026 winner despite a sharp post-earnings plunge, with a bullish outlook on the Direxion Daily MU Bull 2X ETF. MUU targets 200% of MU's daily performance; I see upside to $950–$1,000 if MU rebounds toward $1,150, contingent on technical momentum. MU's Q3 delivered 346% YoY revenue growth and record EPS, but technical profit-taking — not fundamentals — drove the recent 30% drawdown.
MU and WDC stand out as AI infrastructure plays, with strong revenue growth, expanding margins and upbeat outlooks, despite recent sector pressure.
The memory-chip giant is reversing its recent slide after increasing its investment in the U.S. semiconductor supply chain.