#microntechnology

Times of India | Meet Micron CEO Sanjay Mehrotra: The man who heads a $1 trillion tech giant after being denied US visa three times AI generated summary, Read the full article for complete information. Sanjay Mehrotra, the Indian‑born CEO of Micron Technology, rose from a youthful dream of studying in the United States to leading a company now valued at over $1 trillion. After being turned down three times for a U.S. visa in 1976, his father’s persistence secured his entry, allowing Mehrotra to attend UC Berkeley for electrical engineering and later co‑found SanDisk in 1988. He grew SanDisk into a Fortune 500 firm, overseeing its $16 billion sale to Western Digital, and in 2017 became Micron’s chief executive. Under his leadership, Micron’s stock has surged nearly 3,000 %, propelled by the exploding demand for high‑performance memory chips essential to artificial‑intelligence applications, cementing Mehrotra as a pivotal figure in global technology. Read more: https://timesofindia.indiatimes.com/etimes/trending/meet-micron-ceo-sanjay-mehrotra-the-man-who-heads-a-1-trillion-tech-giant-after-being-denied-a-us-visa-three-times/articleshow/131408569.cms #SanjayMehrotra #MicronTechnology #SanDisk #WesternDigital #UCBerkeley #EliHarari #JackYuan

Times of India | US chipmaker Micron reaches $1 trillion market capitalization for the first time AI generated summary, Read the full article for complete information. US chipmaker Micron Technology briefly surged past a $1 trillion market valuation on May 26, driven by soaring investor enthusiasm for artificial‑intelligence‑related memory chips. The stock jumped more than 17 % after UBS lifted its price target, reaching an intra‑day high of 19.3 % as analysts highlighted the rapidly growing demand for advanced high‑bandwidth memory used in AI data centers and cloud infrastructure. Reuters noted that Micron’s shares have climbed eight‑fold over the past year amid tight supply and heightened competition, with the company already selling out its entire 2026 high‑bandwidth‑memory inventory. The milestone underscores the broader shift of capital toward firms supplying key AI hardware, alongside fellow memory makers Samsung and SK Hynix, which are also benefiting from the AI boom. Read more: https://timesofindia.indiatimes.com/technology/tech-news/us-chipmaker-micron-reaches-1-trillion-market-capitalization-for-the-first-time/articleshow/131341592.cms #MicronTechnology #UBS #ArtHogan #Samsung #SKHynix

qwant news | OpenAI hires ServiceNow CMO Colin Fleming as CMO for its business segment; he succeeds Kate Rouch, who stepped down earlier this year to focus on her health AI generated summary, Read the full article for complete information. On May 26 2026 the tech world saw a flurry of headline‑making moves: Micron Technology’s shares jumped 19% as its memory‑chip demand in the AI race pushed the company past the $1 trillion market‑value milestone; Dropbox announced founder Drew Houston will step down after 19 years as CEO, handing the reins to Ashraf Alkarmi; Qualcomm landed a major AI‑chip supply deal with ByteDance’s TikTok parent; Chinese regulators began restricting overseas travel for AI researchers at private firms such as Alibaba and DeepSeek; American Airlines will outfit more than 500 narrow‑body jets with SpaceX’s Starlink in‑flight Wi‑Fi; the Dutch government blocked US‑based Kyndryl’s acquisition of digital‑ID supplier Solvinity on public‑interest grounds; Pope Leo XIV issued an encyclical urging the “disarmament” of AI and stressing human dignity; OpenRouter raised $113 million at a $1.3 billion valuation as its token‑processing volume surged to 25 trillion per week; Spotify added a library of over 650 narrated long‑form magazine articles for premium users; and Nvidia retired its 20‑year‑old GeForce Control Panel, moving its features into the Nvidia app. Read more: https://www.techmeme.com/260526/p33 #OpenAI #MicronTechnology #Dropbox #Qualcomm #ByteDance #DrewHouston #AshrafAlkarmi #ColinFleming

US Top News and Analysis | Stocks making the biggest moves midday: Akamai Technologies, Micron, Nebius, Alibaba & more AI generated summary, Read the full article for complete information. Midday trading saw a broad rally in chip stocks, with the VanEck Semiconductor ETF (SMH) gaining more than 1% and companies such as Micron Technology (+3%), On Semiconductor (+10%), Marvell Technology (+7%) and Nvidia (+2%) all advancing. Akamai Technologies jumped almost 7% after Bank of America upgraded the stock and highlighted its transition to an AI‑infrastructure platform. AI‑focused cloud firm Nebius surged 16% on a 684% revenue jump to $399 million and the announcement of a new AI factory in Pennsylvania. U.S.–listed Alibaba climbed 6% after reporting a 38% increase in first‑quarter cloud revenue and expanded AI investments. EchoStar rose 4% following FCC approval of a $40 billion spectrum sale to AT&T and SpaceX, while energy company Nextpower gained 12% after raising its full‑year revenue outlook to $3.8‑$4.1 billion. Conversely, Birkenstock fell over 10% and Resideo Technologies dropped 17% after missing earnings and revenue forecasts, respectively. Photonics names benefitted from the AI theme, with Coherent up 6%, Lumentum up more than 2% and Corning up nearly 2%. Wix.com tumbled 30% after reporting earnings of 68 cents per share, well below expectations. Read more: https://www.cnbc.com/2026/05/13/stocks-making-the-biggest-moves-midday-akam-mu-nbis-baba.html #AkamaiTechnologies #MicronTechnology #Alibaba #Nvidia #ATT #SpaceX #Birkenstock #Wixcom #ResideoTechnologies #Corning #

US Top News and Analysis | Here are Wednesday's biggest analyst calls: Nvidia, Apple, Micron, Amazon, AMD, Johnson & Johnson & more AI generated summary, Read the full article for complete information. On Wednesday, May 13, CNBC’s analyst‑call roundup highlighted a series of upgrades and price‑target changes across a range of stocks. Oppenheimer reiterated an Outperform rating on Nvidia, projecting a $265 target and a near‑2.5% dividend yield if half of its free cash flow is returned to shareholders. Daiwa upgraded Apple to Outperform with a $325 target, citing its strong ecosystem. UBS raised KE Holdings to Buy, citing upside in tier‑1 Chinese cities, while Argus upgraded Wendy’s to Buy ahead of a potential go‑private deal. Truist moved Sensata Technologies to Buy, pointing to a stabilized auto business and AI exposure. Bank of America reinforced its Buy stance on Micron and Nvidia, lifting Nvidia’s target to $320 and Micron’s to $950, driven by AI‑related memory demand. Additional upgrades included Concept Therapeutics (Buy, $72 target), Zebra Technologies (overweight, $305 target), CoinShares (outperform), Akamai (Buy, $175 target), NextDecade (Buy, $11 target), Vestis (outperform), Unusual Machines (Buy), Heico (Buy), Mosaic (outperform), Venture Global (Buy, $17 target), and several others with price‑target adjustments and rationale ranging from sector strength to turnaround potential. Read more: https://www.cnbc.com/2026/05/13/wednesdays-big-stock-calls-by-wall-street-analysts-include-nvidia-apple.html #Nvidia #Apple #MicronTechnology #AMD #Amazon

US Top News and Analysis | Memory chip makers are looking at a 'supercycle' and 'windfall gains.' The stocks jumped 30% in one week AI generated summary, Read the full article for complete information. Memory chip makers are riding a “supercycle” of surging AI demand, boosting pricing power and profit forecasts across the volatile sector. Analysts cite rapid AI accelerator adoption as a catalyst for windfall gains, driving shares like Micron Technology up nearly 38% for its best weekly performance since 2008 and lifting the Roundhill Memory ETF (DRAM) over 30% in a week. Samsung plans to start construction of its new P5 Fab 2 plant six months early to cement market dominance through 2027, while SK Hynix is fielding investment offers to ramp production, and Micron’s recent Taiwan plant acquisition promises greater DRAM and HBM output by the end of 2028. The memory crunch is pushing DRAM and NAND prices higher—analysts project a 180% rise by mid‑2026—causing downstream cost pressures for companies like Apple and Microsoft, while upstream manufacturers expect gross margins of 70‑77% this year, with Micron and SanDisk targeting margins above 80% next year. Read more: https://www.cnbc.com/2026/05/10/memory-chip-makers-are-looking-at-a-supercycle-and-windfall-gains-the-stocks-jumped-30percent-in-one-week.html #MicronTechnology #SKHynix #SamsungElectronics #AI #TimCook

Times of India | White House shares the list of 21 American companies donating millions to Trump administration’s new ballroom construction AI generated summary, Read the full article for complete information. The White House has disclosed that 21 major U.S. firms are contributing millions toward a new 90,000‑square‑foot, $400 million ballroom being built on the White House grounds—a project accelerated after a security breach at the recent Correspondents’ Dinner. President Donald Trump insists the construction will not use taxpayer money, though federal funds cover underground security work, and he warned that any legal challenges must be dropped. The Justice Department has urged the National Trust for Historic Preservation to abandon its lawsuit, arguing the ballroom will let presidents host large events without leaving the White House perimeter. The donor list, reported by Fortune, includes tech giants such as Meta, Apple, Amazon, Google (Alphabet), Microsoft, and Comcast; defense and security contractors like Lockheed Martin, Palantir, and Booz Allen Hamilton; energy and manufacturing firms including NextEra Energy, Caterpillar, and Micron; as well as companies from tobacco, crypto, rail, and entertainment sectors such as Altria, Coinbase, Ripple, Union Pacific, Hard Rock International, and Tether America. Donations are being made through the Trust for the National Mall and are tax‑deductible, while Trump has pledged to contribute personally but does not appear on the list. Read more: https://timesofindia.indiatimes.com/technology/tech-news/white-house-shares-the-list-of-21-american-companies-donating-millions-to-trump-administrations-new-ballroom-construction/articleshow/130638555.cms #WhiteHouse #DonaldTrump #MetaPlatforms #LockheedMartin #MicronTechnology