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Luke Kawa11/14/25

Micron spikes on report that Samsung hiked memory chip prices by as much as 60%

Memory chip specialist Micron is soaring after Reuters reported that Samsung has raised prices of select memory chips by as much as 60% since September, citing two people with knowledge of the price changes.

Memory chips play a key supporting role in the AI boom by feeding high-powered GPUs with data to process.

Micron, the biggest US memory chip seller, has been on an absolute tear, more than doubling in price since the end of August. Shares recently traded more than 15% above the average analyst price target, a record based on data going back to 2007.

These days, you need a pretty good memory to keep up with all the bullish news flow surrounding memory chip stocks, whether it’s been reports of imminent price hikes for these chips, South Korean memory giant SK Hynix already being sold out of all its 2026 production, or Nvidia CEO Jensen Huang nodding at shortages of these valuable components.

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Workday jumps on positive Q1 earnings under returning CEO

Workday spiked as much as 10% after-hours on Thursday as the B2B software-as-a-service company announced first-quarter results.

Here are the numbers:

Q1 revenue of $2.54 billion (compared to analyst estimates of $2.51 billion).
Q1 adjusted earnings per share of $2.66 (estimate: $2.51).
Q1 subscription revenue of $2.35 billion (estimate: $2.33 billion).

This was Workday’s first quarter with its returning CEO, cofounder Aneel Bhusri, who retook the reigns in February of this year. It was also a test to see how the company’s ongoing AI pivot has been going, as AI investment often comes with steep costs that may not initially be fully counterbalanced by savings through efficiency.

Workday has been trading down 40% since the beginning of 2026.

In February, the company also cut about 2% of its global workforce (~400 positions) — which follows larger-scale layoffs last year as the company leaned into AI.

The software company is also still litigating a nationwide class-action lawsuit that alleges it uses said AI to algorithmically discriminate against certain job seekers based on age, race, and disability (which the company disputes).

Looking ahead, the company said it projects 2027 subscription revenue outlook of $9.925 billion to $9.950 billion, on par with analyst estimates.

“Our focus remains on executing on our agentic AI roadmap while driving operational efficiencies as we scale,” said CFO Zane Rowe. The company said in a Q4 earnings call that AI was involved in roughly half of all customer base transactions.

Two screen display gameplay in Grand Theft Auto

Take-Two reaffirms November release for “GTA 6,” reports better-than-expected Q4 net bookings

Take-Two said Rockstar will kick off its “GTA 6” marketing campaign this summer.

Max Knoblauch7h

Tasha Matsumoto

Stocks gain and oil dips as traders evaluate US-Iran deal progress

Stocks managed to eke out a gain while the price of oil dipped as traders evaluated the progress on a deal with Iran.

Caricature illustration depicting three French bulls in a field. 'Le Rire' magazine 1902.

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Saleah Blancaflor9h

US gas prices rise again, sitting at their highest levels in 4 years ahead of Memorial Day weekend

Just days away from Memorial Day weekend, the national average of US gas prices has risen from a week earlier, sitting at the highest they’ve been in four years.

The price is currently $4.56 a gallon, up $0.03 from last week and $1.38 higher than this time last year, according to the American Automobile Association. Today’s prices are right around what customers were paying four years ago, when the price on Memorial Day was $4.61. Gas prices experienced a short-lived dip earlier this month before rising again.

Gasoline is in high demand ahead of Memorial Day weekend, and the Strait of Hormuz remains closed because of the war in Iran, leaving prices elevated as more drivers hit the road. GasBuddy’s Patrick De Haan predicts that gas prices could soon hit $4.80 a gallon soon amid the strait’s closure.

Oil prices ticked up slightly on Thursday, with West Texas Intermediate sitting around $100 a barrel, after plunging on Wednesday.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Memorial Day Weekend Gas Prices Reach Four-Year Highs

AAA Fuel Prices

Gasoline is in high demand ahead of Memorial Day weekend, and the Strait of Hormuz remains closed because of the war in Iran, leaving prices elevated as more drivers hit the road. GasBuddy’s Patrick De Haan predicts that gas prices could soon hit $4.80 a gallon soon amid the strait’s closure.

Oil prices ticked up slightly on Thursday, with West Texas Intermediate sitting around $100 a barrel, after plunging on Wednesday.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

What Wall Street’s saying about Nvidia’s Q1 results

A makeover beautifies the growth outlook; so does the CPU opportunity.

Jensen Huang in front of Vera Rubin at CES 2026

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