Business
Micron Shares Climb 3.33% to $1,078.75 as AI Memory Rally Builds Toward Its Sept. 30 Fiscal Earnings
BOISE, Idaho — Shares of Micron Technology Inc. rose 3.33% to $1,078.75 in Tuesday trading, adding $34.79, extending a powerful rally in the memory chipmaker’s stock as investor enthusiasm for artificial intelligence-driven memory demand continues building heading into the company’s fiscal fourth-quarter earnings report next week.
Tuesday’s gain follows a strong session Monday, when Micron shares closed at $1,043.96, up 2.77%, outpacing a broader 2.26% advance in the Nasdaq Composite that same day. The stock has now climbed more than 256% since the start of the year, according to recent market data, a run that has pushed Micron’s market capitalization above $1.15 trillion and left shares trading within striking distance of the company’s all-time high of $1,255, reached on June 25.
The rally has been fueled largely by surging demand for high-bandwidth memory, or HBM, chips used in artificial intelligence accelerators, a dynamic that has lifted memory chipmakers broadly across global markets in recent weeks. Micron has continued expanding its AI memory story beyond HBM specifically in recent sessions, with the company adding new details to its broader artificial intelligence narrative in a disclosure made September 15, according to market commentary tracking the stock.
Investors are now turning their attention to Micron’s upcoming fiscal fourth-quarter results, scheduled for release September 30 after the close of U.S. markets, with a conference call set to follow at 2 p.m. Mountain time. Analysts currently expect the company to report revenue of approximately $50.42 billion for the quarter, alongside earnings per share of roughly $31.14. Options traders have priced in a potential move of more than 10% in Micron shares around the earnings release, reflecting the high level of uncertainty and anticipation surrounding the report. The results would follow a blowout fiscal third quarter, in which Micron reported earnings of $8.54 billion, an increase of nearly 998% from the prior year, underscoring the scale of the company’s recent earnings acceleration tied to AI-driven memory demand.
Wall Street has grown increasingly bullish on Micron’s stock as that demand story has played out. Stifel analyst Brian Chin maintained a Buy rating on the shares Monday, keeping a price target of $1,500, implying further potential upside even after the stock’s dramatic run this year. Across the broader analyst community, Micron carries an average rating of Strong Buy from 49 analysts, with individual price targets ranging as high as $2,000, according to recent compiled estimates. Not every signal facing the stock has been unambiguously positive, however; some investors have flagged Chief Executive Officer Sanjay Mehrotra’s recent sales of company stock as a data point worth monitoring, even though such sales are common among executives at companies whose share prices have appreciated substantially.
A potential competitive challenge has also emerged in recent days. China’s ChangXin Memory Technologies, known as CXMT, moved its fifth-generation DRAM platform into mass production on September 15, a development that market watchers have said poses a new test for both Micron and rival memory maker SanDisk, given that the assumption of limited near-term competition has been a key pillar underpinning bullish valuations across the memory chip sector.
Micron’s business today centers on dynamic random access memory, or DRAM, chips, which represent the company’s primary revenue stream, alongside a smaller but growing business in NAND flash storage chips. The company, founded in 1978 and headquartered in Boise, Idaho, serves a broad range of end markets, including data centers, personal computers, graphics processing, networking equipment, automotive systems, industrial applications, and smartphones and other mobile devices. Micron sells its products through a combination of its own direct sales force, independent sales representatives, distributors and retailers, alongside a web-based direct sales channel and additional distribution partnerships.
The company has continued investing heavily in expanding its domestic manufacturing footprint in recent months, including selecting construction firm Bechtel as its partner for a major new semiconductor manufacturing project in New York, alongside a separate manufacturing expansion underway in Virginia, both part of a broader push toward what the company has described as made-in-America memory production. Micron also disclosed a strategic agreement with AI company Anthropic in June aimed at scaling next-generation AI infrastructure, reflecting the deepening ties between memory chip suppliers and the major AI labs driving demand for their products.
Micron’s rapid share price appreciation has also fueled speculation about a potential stock split, with the shares now trading well above the $1,000 mark, a level that can create practical friction for retail investors seeking to purchase full shares. The company has not confirmed any specific plans regarding a split as of the most recent reporting.
With Micron’s fiscal fourth-quarter results now just over a week away and options markets pricing in a potentially sharp reaction in either direction, investors are likely to treat the upcoming earnings report as a critical test of whether the company’s extraordinary run this year can be sustained, particularly as the market weighs both the continued strength of AI-driven memory demand and the emerging competitive threat posed by Chinese memory producers entering more advanced stages of DRAM production.
Business
Momofuku Goods unveils cooking sauces
NEW YORK — Momofuku Goods is launching a line of cooking sauces.
The chili crunch sauce is formulated with chili crunch, miso and garlic.
Momoyaki sauce is made with soy, ginger and garlic.
The sweet and spicy sauce contains gochujang, soy and garlic.
The sweet and sour sauce is formulated with vinegar, chili crunch and ginger.
The miso ginger sauce is made with miso and ginger.
The sauces are sold at retailers such as Whole Foods Market, Sprouts Farmers Market, Albertsons, Target, Publix, HEB and Hy-Vee.
Business
TopstepX Down? Futures Traders Report Outage as Platform’s History of Disruptions Raises Fresh Concerns
Users of TopstepX, the proprietary trading platform used by futures traders participating in Topstep’s funded trading programs, began reporting connectivity problems Tuesday morning, with outage-tracking service Downdetector logging a spike in user complaints starting at 9:54 a.m. Eastern time and the hashtag #TopstepxDown trending on social platform X as affected traders compared notes on the disruption.
Downdetector’s official account posted an alert shortly after the spike began, asking users how the outage was affecting them and directing them to submit detailed reports through the platform. As of the alert, the scope, cause and expected duration of the disruption had not been detailed in any official statement from Topstep.
For TopstepX users, an outage carries stakes that go beyond the typical inconvenience associated with most consumer app disruptions. TopstepX serves traders working through Topstep’s funded trading programs, commonly known in the industry as “combines,” in which traders attempt to demonstrate profitable trading performance on a simulated or funded account in order to qualify for access to larger amounts of trading capital. When the platform experiences technical issues during active trading hours, affected users can find themselves unable to close open positions, facing frozen or delayed price data, or locked out of their trading dashboard entirely, circumstances that can directly affect a trader’s profit and loss on open positions depending on how markets move while the platform remains inaccessible.
TopstepX operates as a rebranded version of a trading platform called ProjectX, according to industry reporting, though neither Topstep nor ProjectX has officially confirmed the exact nature of that relationship. The arrangement took on added significance last year, when multiple futures proprietary trading firms announced that ProjectX intended to end its services to third-party platforms, with Topstep positioned as the sole firm continuing to offer trading through ProjectX’s underlying infrastructure going forward.
Tuesday’s reported outage adds to a pattern of recurring technical disruptions that TopstepX has faced over the past year, a pattern that has previously generated significant frustration within the futures trading community. Following an earlier wave of repeated outages, Topstep acknowledged the problems directly in a message posted to the company’s Discord server. “Right now, we are not delivering the Ultimate Trading Experience we promised,” the company wrote at the time, addressing trader frustration over the disruptions. That acknowledgment came amid broader criticism from traders who said the company had responded inadequately to users who experienced financial losses tied to platform outages, with some describing the company’s response to affected traders as unsupportive.
Independent outage-tracking services have continued to log periodic complaints about TopstepX’s reliability throughout the year. Reports collected by various monitoring services have described symptoms including the platform failing to load properly, data feeds not connecting, and, in at least one previously documented case, price charts appearing to freeze entirely during active trading hours, with the platform’s internal clock continuing to advance even as displayed prices remained static at a level last updated hours earlier. Individual trader complaints logged through these services have also described being unable to close open trades or enter new positions during periods when the platform was experiencing technical difficulties.
Not every reported connectivity issue necessarily reflects a problem on Topstep’s own servers. Some independent monitoring services have noted that isolated user reports can stem from a trader’s own specific network connection or an outdated version of the trading application, rather than a broader, platform-wide outage affecting all users simultaneously. Those same services generally advise traders experiencing connection issues to check Topstep’s official status page or its community Discord channel for confirmation of whether a reported problem reflects a genuine, widespread service disruption before assuming a broader outage is underway.
As of the most recent available information, Topstep had not issued a detailed public statement specifically addressing Tuesday’s reported outage, and it remained unclear whether the disruption was affecting all users across all regions or was concentrated among a specific subset of traders. Affected users were directed to Topstep’s official channels, including its status page and Discord server, for the most current and authoritative updates on the situation, rather than relying solely on crowdsourced outage trackers, which can occasionally lag behind or imprecisely characterize the true scope of a still-developing technical issue.
Downdetector, the platform that first flagged Tuesday’s disruption, aggregates user-submitted problem reports alongside automated monitoring signals to identify spikes in complaints for a given service, generating alerts when reports exceed typical baseline levels. Given TopstepX’s history of recurring outages and the financial consequences those disruptions can carry for traders with open positions, Tuesday’s reported issues are likely to draw renewed scrutiny from the platform’s user base, many of whom have publicly expressed frustration over how previous outages were handled and resolved.
Business
Aldi moving into refrigerated, prepared meals space

BATAVIA, ILL. – Aldi is expanding its own brands line of products into refrigerated prepared meals. The meals will be marketed under the Aldi brand, be available in single-serve and family-size formats and retail for $8 and $15, respectively.
“Our shoppers are looking for meals that fit into busy lives without sacrificing quality or stretching their budgets,” said Joan Kavanaugh, Vice President of National Buying, Aldi US. “That’s why we were thoughtful about how we entered this category. We’re evolving to meet our shoppers where they are by delivering fresh ingredients, great flavor and unbeatable value that they can always expect from Aldi.”
The meals will launch in select markets in October, Aldi said, and will be available nationwide by January 2027. The single-serve meals will be available in five flavors, including beef Bolognese spaghetti, beef brisket with macaroni and cheese, butter chicken and rice, a chicken burrito bowl and chicken fettuccine alfredo. The family-size meals will be available in two varieties, chicken and bacon macaroni and cheese and a meat lovers pizza.
Business
Why Shopify Stock, Twilio Are Rising On Meta’s Muse Rollout
Shopify (SHOP) stock and shares in Twilio (TWLO) gained again on Tuesday amid expected upside from Meta Platforms’ (META) rollout of “Muse,” an artificial-intelligence-based assistant. Shopify and Meta on Monday announced an e-commerce partnership. Meta will integrate Shop Pay into Muse to allow the AI agent to execute seamless, “agentic checkouts” across Shopify’s merchant network. Muse has quickly risen to…
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Business
Stocks Mixed as Oil Sinks Below $100
Falling oil prices are helping U.S. tech stocks stay buoyant Tuesday.
The tech-focused Nasdaq Composite Index rose modestly in late trading, poised for a second straight record high. The Dow industrials slipped and the S&P 500 traded near flat. Brent crude futures edged lower, falling to roughly $100 a barrel after encouraging news about oil exports from the Middle East.
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Business
Mission Foods expands chip portfolio
IRVING, TEXAS — Mission Foods is unveiling two product innovations: protein chips and grain-free chips.
Mission’s protein chips are available in chile limon and jalapeño varieties, and the chips feature 10 grams of plant-based protein per serving.
The company’s grain-free chips are formulated with cassava flour, whole chia seeds and avocado oil. Varieties include sea salt and hint of lime.
“Protein and fiber are two things people are trying to get more of, and snacks are a great place to do it,” said Sathish Mohanraju, vice president of sales and marketing for Mission Foods.
The chips are available at Kroger locations nationwide, and the company expects to add further retail availability.
Business
Welch’s adds natural fruit spreads
WALTHAM, MASS. — Welch’s is launching a line of fruit spreads formulated with simple ingredients.
Welch’s Simply Natural Fruit Spreads contain five ingredients and are sweetened with cane sugar and honey. The product is free from high-fructose corn syrup, artificial flavors, colors and preservatives, according to the company.
The fruit spreads are available in concord grape and strawberry flavors.
“Welch’s has had a place in family routines for generations, but today’s parents expect more from the foods they put on the table,” said Andrew Hartshorn, chief brand and innovation officer at Welch’s. “Simply Natural reflects that shift with five simple ingredients, including a touch of real honey, in a fruit spread families already know and love.”
The spreads are available at retailers nationwide.
Business
Ed Davey promises tax cuts for millions if UK rejoins EU single market
The Liberal Democrats will fight the next general election on a promise to cut taxes for millions of workers, Sir Ed Davey has said in a speech to his party conference.
The Lib Dem leader said that if he gained power, he would raise the annual tax-free personal allowance to £15,000.
He would also raise the 40p income tax threshold from £50,270 to £56,000, in a £17bn package funded by the economic boost he says would come from the UK rejoining the EU single market and customs union.
He claimed the plan would mean a £680 cut for “most taxpayers” but it would not come into full effect until the fifth year of a Lib Dem government – potentially up to eight years away.
The announcement was greeted with sustained applause by Lib Dem MPs and activists in the Brighton conference centre.
The £12,570 income tax allowance was frozen by the Conservatives in 2021, resulting in more people being dragged into paying the tax, and Labour has so far resisted calls from trade unions and some of its MPs to unfreeze it.
The Lib Dems said they would raise the threshold to £15,000 a year, and increase the starting point for paying employee National Insurance (NI) to the same level.
At their conference earlier this month, Reform UK promised to increase the income tax personal allowance to £15,000 within 100 days if they won power.
Sir Ed told the Lib Dem faithful “the difference between us and Reform” is that “their tax cut is paid for through cruelty.”
He said “Reform’s figures show they’d pay for it by ripping £22bn of crucial support away from disabled people.”
Under the Lib Dem plan, based on research by think tank Frontier Economics, external, the economic boost from rejoining the single market would allow the party to spend £17bn on tax cuts by the end of the next Parliament.
The party says it would unfreeze personal allowances in the second year of a Lib Dem government, allowing them to rise with inflation, before bringing in big tax cuts in year five when the economic benefits of closer trading with the EU had kicked in.
However, the move would depend on the party being able to negotiate a closer trading arrangement with the EU in just 12 months.
Stuart Adam, of the Institute for Fiscal Studies think tank, told BBC Verify the Lib Dem package would cost “much more” than the £17bn quoted by the party.
Reform has estimated that its policy, to raise the starting threshold to £15,000 just for income tax, would cost £21bn by the fifth year.
The Lib Dems say their policy would be funded by an extra £27bn from its plans for a “growth and defence pact” with the EU.
Business
DoorDash admits it ‘screwed up’ after underpaying New York workers
DoorDash has agreed to pay a $131.5m (£99m) settlement to New York City regulators after the food delivery giant admitted failing to compensate thousands of workers correctly or on time.
“Simply put, we screwed up,” DoorDash said. “Our mistakes meant some Dashers were underpaid or paid late.”
The agreement with the Department of Consumer and Worker Protection follows a city investigation into wage violations, with a significant share of the payout addressing how DoorDash calculates compensation for the time delivery drivers spend waiting for orders.
The settlement marks another chapter in an ongoing battle between so-called gig economy platforms and municipal leaders.
The likes of Uber Eats and Grubhub have repeatedly clashed with city officials over tipping laws, minimum wages and data-sharing requirements.
San Francisco-based DoorDash blamed “complex” changes to the minimum wage in New York state introduced in 2023.
Under the landmark minimum pay standard for app-based delivery workers, wages differ depending on the county, tipping and how many people work for the employer.
DoorDash also cited technical glitches and multi-stop delivery routes for causing the firm to underpay workers or delay wages.
The company said: “While these mistakes weren’t intentional, that doesn’t make them okay.”
DoorDash said local workers earn roughly $30 per active hour on average. It said it has now patched the software bugs responsible for the mistakes.
The business said the errors hit roughly 264,000 workers, though it insisted the issues affected under 1% of overall local transactions.
Systemic errors caused around $6.6m wages to never reach workers at all, and another $5.7m arrived days or weeks late.
Business
Firefly Aerospace: The Next Rocket Stock Wall Street Will Chase (NASDAQ:FLY)
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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