markets

Luke Kawa12/24/25

Micron jumps amid report of memory chip price hikes

Shares of Micron are catching a bid on Wednesday after South Korean media reported that its biggest competitors are raising selling prices for a line of high-bandwidth memory chips, even though these will soon no longer be the most cutting-edge offerings available.

“According to industry sources on the 24th, memory semiconductor companies such as Samsung Electronics and SK Hynix have reportedly raised HBM3E supply prices by nearly 20%,” per the report from Chosun Biz. “This is unusual, considering that prices typically drop ahead of next-generation HBM launches. The prevailing view is that this is due to upward adjustments in HBM3E orders for next year from companies like Google and Amazon, which design their own AI accelerators, as well as NVIDIA, the largest HBM3E customer.”

Micron and those two companies make up the triumvirate of high-bandwidth memory chip suppliers. These companies are all moving toward ramping their next-gen HBM4 production next year.

Meanwhile, appetite for HBM3E is being reinforced in part by President Trump’s move to allow Nvidia to sell its H200 chips to China.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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