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U.S. tech stocks advanced, with the Nasdaq climbing 1.4%, after November consumer inflation slowed to 2.7%, well below analyst forecasts.
Micron Technology stock surged 12% after the memory-chip maker crushed Wall Street’s first-quarter earnings targets and issued strong guidance.
Micron's stock rose after it released strong earnings and guidance on December 17, while major AI-related stocks like Nvidia and Broadcom fell more than 3%.
US technology stocks, led by a 5.4% drop in Oracle, declined sharply as the Nasdaq Composite fell 1.81% after a key investor withdrew from a $10 billion data center financing deal, stoking fears about the AI sector's growth.
Micron reported first-fiscal-quarter adjusted revenue of $13.64 billion, exceeding analyst expectations of $12.95 billion.
S&P 500 third-quarter profits rose 15% to $602 billion, but cautious outlooks from companies like General Mills, which saw a 7% sales drop, signal potential economic headwinds.
DBV Technologies' U.S. shares surged 31% after the French pharmaceutical company reported positive topline results from a Phase 3 trial of its peanut patch for children.
Zacks Equity Research on December 16 identified Micron, Sanmina, and Phibro as top growth stocks, with Sanmina's earnings estimate increasing 38.9% over the last 60 days.
Western Digital reported its non-GAAP gross margin expanded 660 basis points year-over-year to 43.9% in Q1 fiscal 2026, driven by strong AI-related demand for its high-capacity hard drives.
Micron is expected to beat its first-quarter sales and profit forecasts on December 17, driven by a memory chip shortage that analysts project could extend until 2027.
Billionaire investor David Tepper's Appaloosa Management purchased $411 million of Whirlpool (WHR) stock in Q3 2025, while liquidating major positions in tech and healthcare.
Seagate's stock rose 118.3% in six months, driven by strong data center demand for its high-capacity storage solutions as the AI market expands.
US stock futures declined, with the Nasdaq 100 down 0.2%, as a mixed November jobs report left the odds of a January Fed rate cut at 25%.
Record third-quarter profits for semiconductor firms, driven by the AI boom, are fueling concerns of a market bubble. Investors are now rotating capital from overvalued tech giants to cyclical and small-cap stocks, signaling a potential shift in market leadership.
Multiple analyst firms, including Needham and Stifel, have raised their price targets on Micron (MU) to as high as $300, citing unprecedented demand for AI memory chips and a resulting surge in prices. The company is capitalizing on a market-wide shortage of High-Bandwidth Memory (HBM), driven by AI leaders like NVIDIA and AMD.
Markets are recalibrating expectations for U.S. economic growth, fueling a significant rotation into cyclical sectors like materials and financials. This investor optimism is backed by key analyst upgrades and a flight from cash to equities.
The Liberty All-Star Growth Fund reported nearly flat performance for November 2025, navigating a broad market downturn in technology stocks. The fund's heavy concentration in large-cap tech, particularly the resilience of NVIDIA, helped stabilize its portfolio against wider sector pressure.
Key players in the energy and mining sectors are executing significant strategic transactions, including major acquisitions and divestitures, to optimize portfolios and enhance cash flow. These moves occur as the broader market exhibits caution, with investors weighing opportunities in both high-growth technology and value-oriented basic materials.
The market for exchange-traded funds (ETFs) is undergoing significant expansion and diversification. Driven by record capital inflows, asset managers are launching a variety of specialized funds to meet targeted investor demand, moving beyond traditional market-cap-weighted indexes into active, thematic, and high-yield strategies.
Qualcomm has partnered with CP PLUS to integrate its on-device AI technology into the video security market, aiming to capture a share of the rapidly expanding AI video intelligence sector. This strategic move diversifies Qualcomm's revenue streams beyond its core mobile and automotive markets.