Thailand is positioning itself as a major economic player in Southeast Asia. The country is projected to achieve a record $366 billion in exports this year, driven largely by surging demand for AI-related electronics. This growth has made Thailand one of the region’s surprise beneficiaries of the global AI boom, with the Thai stock market emerging as Southeast Asia’s top performer. Delta Electronics alone has surged 80%, reflecting strong investor confidence in Thailand’s technology sector.
Thailand has also revived its ambitious $30 billion coast-to-coast corridor project, designed to rival the Malacca Strait as a regional trade route. Alongside this, the government launched its FastPass Program, unlocking an estimated $21 billion in strategic high-tech investment to accelerate industrial development and attract multinational companies.
Bloomberg has identified Thailand as one of the next “rising stars” in global supply chain realignment, alongside Argentina. International firms seeking alternatives to traditional manufacturing hubs are increasingly looking to Thailand due to its infrastructure, skilled workforce, and strategic location. The AGIBOT APC 2026 initiative further demonstrates Thailand’s ambition to become a hub for embodied AI and advanced robotics deployment.
Thailand is actively participating in the de-dollarization movement sweeping Southeast Asia. The country has joined Indonesia, Malaysia, Singapore, and the Philippines in a multilateral digital payment alliance aimed at reducing reliance on the US dollar for regional transactions. This shift signals a broader effort to strengthen financial sovereignty and streamline cross-border commerce.
Thailand’s data usage is forecast to outpace the global average by 2031, highlighting the country’s rapidly growing digital infrastructure. Companies such as ADATA are exploring Thailand’s potential role in AI computing expansion, while the Thai stock market’s strong performance reflects international confidence in the nation’s technology ambitions.
Thai authorities are actively pursuing Wang Yicheng, a fugitive Chinese businessman, in connection with a $300 million crypto laundering network and an illegal crypto mining electricity fraud case estimated at $28 million. An arrest warrant has been issued, underscoring Thailand’s commitment to cracking down on financial crime and protecting its energy resources from exploitation.
Thailand continues to exercise strategic diplomatic neutrality, balancing relationships with major global powers including China and the United States. Analysts describe this approach as “bending the bamboo” — flexing without breaking under geopolitical pressure.
Kazakhstan and Thailand have signed a new 2027–2028 cooperation roadmap covering trade, investment, tourism, and connectivity, signaling an expansion of bilateral ties beyond traditional regional partners. Meanwhile, Cambodia has formally protested what it describes as a violation of its sovereignty and territorial integrity by Thailand, with the Thailand-Cambodia sea dispute now entering a crucial UNCLOS arbitration phase. The border conflict, which escalated in 2025, resulted in a ceasefire but remains unresolved diplomatically.
Thailand is pledging to arm its exporters for a fractured global trade order, positioning itself competitively amid ongoing international tariff disputes. The country is also advancing plans to become ASEAN’s water innovation hub with the launch of Aquatech Asia 2026, demonstrating ambitions beyond manufacturing and technology.
Thailand’s tourism sector is experiencing significant momentum. The luxury hotel market is booming, though developers note that property owners are reluctant to sell, creating supply constraints despite rising demand. Thailand has also introduced a visitor accommodation levy in Phuket and Bangkok to address infrastructure pressures generated by record visitor arrivals.
Tomorrowland has announced its first-ever festival in Thailand, while AirAsia MOVE has partnered with the Tourism Authority of Thailand to boost travel accessibility. Thailand is further cementing its reputation as a leading medical tourism destination, joining India, Singapore, and Turkey among the world’s top healthcare travel hubs. Cultural tourism is also being reinvented through heritage-focused initiatives designed to deepen visitor engagement.
Thailand has outlined its energy transition strategy toward a Net Zero economy, with the government urged to fast-track a new Power Development Plan (PDP). However, EU deforestation regulations are placing pressure on Thai rubber farmers, who are seeking government support to meet new compliance requirements. Bangkok recently experienced a dangerous heat index of 51.9°C, prompting authorities to open public cooling shelters across the city.
Thailand’s “Michael Jackson” entertainer was jailed following a fatal drunk-driving crash, attracting significant public attention. A Parma man was arrested after fleeing to Thailand to avoid drug trafficking charges in the United States, while an adult content creator was detained for sharing explicit material and drug possession.
On a constitutional level, an elected constitutional drafting assembly remains a possibility despite a recent court ruling, keeping political reform discussions alive. Thailand’s State Welfare Card Reform is entering a new phase, though analysts note that structural challenges persist for vulnerable populations.
Source : Google News – Search
Operator
Thank you for standing by, and welcome to the Cavco Industries, Inc.’s First Quarter Fiscal Year 2027 Earnings Call and Webcast. [Operator Instructions] As a reminder. Today’s program is being recorded.
And now I’d like to introduce your host for today’s program, Mark Fusler, Corporate Controller and Investor Relations. Please go ahead, sir.
Mark Fusler
Director of Financial Reporting, Investor Relations & Corporate Controller
Good day, and thank you for joining us for Cavco Industries First Quarter Fiscal Year 2027 Earnings Conference Call. During this call, you’ll be hearing from Bill Boor, President and Chief Executive Officer; Allison Aden, Executive Vice President and Chief Financial Officer; and Paul Bigbee, Chief Accounting Officer.
Before we begin, we’d like to remind you that the comments made during this conference call by management may contain forward-looking statements. Forward-looking statements include statements about our future or expected business and financial performance and are not promises or guarantees of future performance, their expectations or assumptions about Cavco’s financial and operational performance, revenues, earnings per share, cash flow or use, cost savings, operational efficiencies, current or future volatility in the credit markets or future market conditions.
All forward-looking statements involve risks and uncertainties, which could affect Cavco’s actual results and could cause its actual results to differ materially
Kate Middleton has become one of King Charles III’s most trusted family members, with royal watchers pointing to a shared cancer diagnosis and years of steady public service as factors that have deepened the bond between the king and the Princess of Wales.
Katie Nicholl, a royal correspondent for Vanity Fair and co-host of the podcast “The Royals Uncensored,” said the princess has consistently proven her value to the institution since marrying into the royal family. “I think Catherine, the Princess of Wales, has always been a very valuable asset to the royal family,” Nicholl told Fox News Digital. “She is the commoner who married into the royal family … [She has made] a seamless transition into that unique world of royalty. It’s not easy … There’s a huge amount of sacrifice that goes into being a member of the royal family.” Nicholl added that Kate has handled that sacrifice with composure. “Catherine’s had to give up a huge amount, and yet she does it all with a great deal of grace and dignity, always with a smile,” Nicholl said. “So she is absolutely the monarchy’s greatest asset.”
The relationship between Charles and Kate has grown notably closer following parallel health struggles both experienced beginning in 2024. Buckingham Palace announced the king’s cancer diagnosis that year, and Charles shared in December 2025 that his treatment would be scaled back in 2026. Kate revealed her own cancer diagnosis in March 2024, shortly after the king’s announcement became public. She completed chemotherapy that September and announced in January 2025 that she was in remission.
British broadcaster and photographer Helena Chard said the king has drawn inspiration from watching Kate navigate her illness. “King Charles sees enormous value in Princess Catherine,” Chard told Fox News Digital. “Not just as the wife of his heir, but as the cornerstone of the monarchy itself. He genuinely loves his ‘darling’ daughter-in-law. His face lights up when he is with her. They share similar interests, and they have shared a similar cancer journey, one that has created a deep bond and understanding that goes beyond duty.”
Chard said the late Queen Elizabeth II had recognized Kate’s value to the institution well before Charles ascended the throne. “The late queen saw it too,” Chard said. “She recognized Catherine’s superpowers early on — her ability to listen, find solutions and bring calm to difficult situations.” Chard also framed Kate’s role within Charles’s broader approach to his reign. “King Charles fundamentally views his time on the throne as stewardship,” she said. “He sees himself as the caretaker of the institution and is acutely conscious of preparing the next generation. Collaborative preparation between the king and his heir is essential. Having Princess Catherine as the wife of his heir, Charles has struck gold.”
Royal author Sally Bedell Smith, in previous comments to People magazine, described the relationship in more personal terms. “He has always had a very strong bond with her,” Smith told the outlet, adding that Kate is “like the daughter he never had.” Smith said Charles shares a protective instinct toward Kate with his son, Prince William. “He shares with William an impulse to protect her,” Smith said. “They are in this together, Kate and the king.”
When Kate’s diagnosis first became public, Buckingham Palace said Charles was “so proud of Catherine for her courage in speaking as he did.” Author Christopher Andersen has separately written that the king stood by Kate’s side during her treatment “to lend his cherished daughter-in-law moral support.”
Kate has continued advocacy work tied to her cancer experience in the time since her recovery, including a recent charity fundraising climb of the three highest peaks in the United Kingdom for the Royal Marsden hospital. Nicholl said that effort has strengthened public support for the princess. “Thankfully, despite a serious health issue, she has overcome that,” Nicholl said. “We’ve just seen her climb the three highest peaks in the United Kingdom to raise money for the Royal Marsden. She’s turning her experience into something positive, and I think that’s earned her a great deal of respect among the British public, along with a lot of love and affection. People are very much behind her and William.”
Chard echoed that sentiment, describing Kate’s broader connection with the public. “Princess Catherine connects with people in a way that restores faith in the monarchy,” Chard said. “She has learned every aspect of the institution over many years and has blended in carefully without fuss. Princess Catherine is central to the institution’s success, and King Charles knows this.”
Royal commentators say Kate’s steadiness has taken on added significance as the working royal family has grown smaller in recent years. Prince Andrew stepped back as a working royal in 2019 amid his ties to the late convicted sex offender Jeffrey Epstein, and Charles has since formally stripped him of his princely title and HRH style. Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, stepped back from royal duties in 2020 and relocated to California.
Royals commentator Richard Fitzwilliams said the king’s appreciation for Kate extends to her partnership with William. “Naturally, King Charles recognizes the value of Kate, who is indeed the monarchy’s greatest asset,” Fitzwilliams told Fox News Digital. “We should add, ‘together with her partnership with William and their family.’ While we praise Catherine’s many strengths, William is the future king. She will one day be queen consort. They see themselves as a close-knit couple.” Fitzwilliams also pointed to Kate’s support for William amid reported tension over how to handle Harry. “William is currently at the center of reports that he and the king differ over how to handle Prince Harry, in particular,” Fitzwilliams said. “As she showed when the Sussexes met with the king and Queen Camilla, she fully supports William’s approach.”
Royals expert Hilary Fordwich said Kate’s steadiness has translated into measurable public goodwill. “It’s not at all surprising King Charles and Princess Catherine have bonded,” Fordwich told Fox News Digital. “One can tangibly feel the public also values her wonderful assets from the reception she always receives when in public, as well as in opinion polls. She has become indispensable and has won the public’s trust.” Fordwich attributed that trust in part to how Kate handled her illness. “She handled the strain of her cancer battle with dignity, without any indication of self-pity.”
Operator
Good morning, ladies and gentlemen, and welcome to the Bombardier Second Quarter 2026 Earnings Conference Call. Please be advised that this call is being recorded. At this time, I would like to turn the discussion over to Mr. Francis Richer de La Fleche, Vice President, FP&A and Investor Relations for Bombardier. Please go ahead.
Francis Richer de La Fleche
Vice President of Financial Planning & Investor Relations
Good morning, everyone, and welcome to Bombardier’s earnings call for the second quarter of 2026. I wish to remind you that during the course of this call, we may make projections or other forward-looking statements regarding future events or the financial performance of the corporation. There are risks that actual events or results may differ materially from these statements. For additional information on forward-looking statements and underlying assumptions, please refer to the MD&A. I’m making this cautionary statement on behalf of each speaker on this call.
With me today is our President and Chief Executive Officer, Éric Martel; and our Executive Vice President and Chief Financial Officer, Bart Demosky, to review our operations and financial results for the second quarter ended June 30, 2026.
I would now like
MUMBAI: In the midst of Indian companies battling the Covid-19 disruption, there is a growing realisation and acceptance that artificial intelligence (AI) is not only unavoidable but it must be adopted quickly to remain competitive in the marketplace, Deloitte India CEO N Venkatram told ET.“Indian companies need to re-skill, train, and acquire more relevant talent, if they are to successfully integrate AI technologies. Most importantly, they
( Originally published on Dec 27, 2020 )
Thousands take to Kyiv’s main street, firm on calls for defence minister’s return
NEW DELHI: For Indian dating apps and services, small cities and towns are now driving the growth more than the metros.According to companies like Aisle and Truly Madly, which have millions of users and position themselves as “serious” dating apps, and bespoke high-end dating services like Sirf Coffee, a lot more users from such places are not only keen on using these apps, but also willing to pay for it.While users for these apps from small
( Originally published on Jan 01, 2021 )
Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years, while the threshold for domestic firms is likely to be around Rs 20 crore for five years, the source who did not wish to be named said.
“Meity (Ministry of Electronics and Information Technology) will take the Cabinet approval of the detailed guidelines soon and is hopeful of rolling out the scheme from next financial year. The incentive outlay is likely to be around Rs 7,500 crore,” the source said.
The government has announced a cumulative production linked incentive of Rs 2 lakh crore for 10 sectors to encourage domestic manufacturing after seeing traction of global giants like Apple’s contract manufacturers, Samsung etc for the scheme in the mobile devices segment.
According to mobile devices industry body ICEA, India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to over Rs 7 lakh crore by 2025 through policy interventions.
Scaling up laptop and tablet PC manufacturing can take the share of India in the global market to 26 per cent from 1 per cent at present.
Besides, it will generate 5 lakh new jobs and lead to a cumulative inflow of foreign exchange to the tune of Rs 5.5 lakh crore and investment of over Rs 7,300 crore by 2025.
Worries that heavy investments in AI infrastructure may be taking too long to pay off rattled global markets this month and led to doubts about companies at the center of Wall Street’s rally in recent years.
“There were worries that Amazon’s spending was just moonshot spending, that it’s irresponsible spending, and (CEO) Andy Jassy just put those fears to bed,” said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma.
The PHLX chip index gained, but it remains down over 20% from its June 22 record high close. Apple tumbled after warning that supply constraints would hurt growth, adding to worries that recent iPhone price hikes would weaken consumer demand.
Apple’s slump kept the S&P 500 technology index down, despite gains in other tech stocks. Microsoft added to gains after surging over 15% on Thursday in its biggest one-day percentage gain since 2008 after it forecast stronger-than-expected cloud growth. Monolithic Power Systems rose after forecasting third-quarter revenue above estimates.
According to preliminary data,
Analysts on average expect S&P 500 aggregate second-quarter earnings to soar 48% from a year ago, with AI-related stocks accounting for much of that growth, according to LSEG I/B/E/S. Strong earnings forecasts and a recent decline in share prices have left the S&P 500 trading at about 20 times expected earnings, just above its 10-year average of 19 times, according to LSEG data.
The S&P 500 is near flat in July while the Nasdaq has fallen about 3%. Both indexes are up about 9% in 2026.
The S&P 500 equal-weighted index was on track for its fourth straight month of gains, thanks to its limited exposure to heavyweight AI-related stocks that have underperformed for much of that time. Three Federal Reserve officials who dissented at the Fed’s policy meeting this week in favor of an interest rate hike called on Friday for immediate action to bring inflation down to the U.S. central bank’s 2% target.
The 2-year U.S. Treasury yield, which typically moves in step with interest rate expectations for the Fed, rose 5.4 basis points to 4.28% but is down slightly for the week. Markets are pricing in a 65% chance of a rate hike at the Fed’s September meeting, according to CME FedWatch, down from 82% a week ago but up slightly from 63% on Thursday. Domain registrar GoDaddy dropped after narrowing its annual revenue forecast.
Horizon Portfolio Management head Zachary Hill and SlateStone Wealth chief market strategist Kenny Polcari discuss how the market will be impacted by the Federal Reserves decision to leave interest rates unchanged on The Claman Countdown.
The Federal Reserve left its benchmark interest rate unchanged this week despite three dissenting votes from Fed governors who would’ve preferred the central bank hike rates to help rein in stubbornly-high inflation, they explained on Friday.
The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy moves, on Wednesday voted 9-3 to leave the federal funds rate unchanged at a range of 3.5% to 3.75%, where it has remained throughout 2026 so far.
The three dissenting votes were cast by Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan – each of whom raised concerns about inflation persisting above the central bank’s 2% target and said they would’ve preferred raising the federal funds rate by 25-basis-points.
Inflation trended lower in June but remains elevated from the energy price shock caused by the Iran war earlier this year, with the Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) index, up 3.7% in June compared with a year ago.
FED POLICYMAKERS LEAVE RATES UNCHANGED AMID ELEVATED UNCERTAINTY
Inflation has remained stubbornly above the Fed’s 2% target, with energy prices pushing it higher over the course of this year. (Li Rui/Xinhua via Getty Images)
Federal Reserve Chair Kevin Warsh, who was leading his second FOMC meeting since being confirmed as the central bank’s leader, acknowledged the importance of returning inflation to 2% to restore price stability even as he said that he thinks holding rates steady was “especially prudent at these uncertain times.”
“Not one of my FOMC colleagues is under any illusion, we have begun a new chapter, and we understand that the five-plus years of inflation above target cannot be cured in nine weeks, or by a single month of modest price decreases. This Fed will not waver. Our credibility rests on performing our duties and delivering on our responsibilities,” Warsh said.
Here’s a look at key points made by the three dissenting FOMC members in their explanations of why they would’ve preferred the central bank hike rates at this week’s policy meeting.
FED’S FAVORED INFLATION GAUGE SHOWED PRICES PULLED BACK IN JUNE
Logan explained that inflation “does not appear to be on course to sustainably achieve” the Fed’s 2% target, adding that, “Every month of above-target inflation compounds the strain on the budgets of American families and businesses.”
“Even after accounting for productivity gains and temporary supply shocks, inflation appears to be trending toward the mid-2’s, not all the way to 2%, and the risks are to the upside,” Logan explained. She also noted the labor market is “solid and perhaps strengthening,” which eases concerns about the maximum employment component of the Fed’s dual mandate.
Dallas Fed President Lorie Logan said that inflation doesn’t seem to be returning to its 2% target. (Shelby Tauber/Bloomberg/Getty Images)
She added that conditions in the labor and financial markets, as well as consumer spending trends, suggest that “monetary policy is not restraining the economy. Without any policy restraint, inflation will likely continue to trend above target until there’s an unanticipated shock.”
“The FOMC cannot count on unanticipated shocks to achieve its goals and can always adjust policy if unanticipated shocks occur. Modest action in the near term would reduce the likelihood of needing to take sharper action later,” Logan said in explaining her preference for a rate hike.
FED CHAIR KEVIN WARSH SAYS CENTRAL BANK HAS ‘NO TOLERANCE’ FOR ELEVATED INFLATION
Kashkari discussed the similarities and differences between the current inflationary cycle and what the U.S. experienced in the 1970s with a series of successive supply shocks affecting commodities, food and energy markets; to the contemporary inflation caused by the pandemic, wars in Ukraine and the Middle East, and trade tension leading to higher tariffs.
While central bankers half a century ago initially thought they faced a single supply shock that could “look through” because it would pass on its own, they ultimately determined they needed to raise rates to curb the inflationary pressures, Kashkari explained.
Minneapolis Fed President Neel Kashkari said it wouldn’t be hard to pause or reverse rate hikes if needed. (John Lamparski/Getty Images)
“The economy today is in a much better place than it was then: unemployment is lower and inflation is much lower. But to manage against the risk that high inflation could become entrenched, I would rather tighten policy incrementally as we gather more data on the path of inflation and employment,” he wrote.
“If inflation remains elevated, in my view, a potential series of small policy moves would be better than waiting and eventually concluding that even bolder actions were necessary,” Kashkari said. “On the other hand, if inflation durably fades, a strategy of small policy steps would allow the FOMC to slow or pause subsequent adjustments without unnecessary impact on the real economy.”
BOFA CEO BRIAN MOYNIHAN DISMISSES RECESSION FEARS DESPITE WALL STREET’S MOST HAWKISH FED FORECAST
Hammack wrote that she is “not confident” that inflation will return to the Fed’s 2% target on its own, saying that the time is right for the central bank to take action to lower inflation as the “longer that high inflation persists, the more challenging and costly it can be to bring it back down.”
Cleveland Fed President Beth Hammack dissented in favor of a 25-basis-point rate hike. (Victor J. Blue/Bloomberg via Getty Images)
She noted that while energy price shocks have driven much of the inflation this year, she’s hearing from businesses in her Fed district that pricing pressures are “broadening rather than fading, and consumers are expressing despair over persistently higher prices.”
“Given the stability of the labor market, with the unemployment rate near my estimate of maximum employment, I view high inflation as the more pressing problem,” Hammock explained.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“A higher federal funds rate would help restrain economic activity and reduce inflationary pressures. I preferred to move at our recent meeting because I did not see the current policy stance as appropriately restrictive,” she wrote.
Shares of Micron Technology fell 2.82% in Friday morning trading, dropping $24.66 to $850.00, as investors took profits following Thursday’s dramatic rally that had briefly pushed the stock up more than 16% amid renewed optimism about tightening global memory chip supplies.
Friday’s pullback came even as Wall Street’s overall outlook on the stock has remained decisively bullish. According to a report from Benzinga, Micron carries a consensus buy rating with an average analyst price target of $1,548.86. Several firms have issued increasingly aggressive price targets in recent weeks, including KeyBanc Capital Markets, which raised its target to $1,750 on July 14, and Cantor Fitzgerald, which lifted its own target to $2,000 on June 29 after reiterating a $1,500 target just days earlier.
TradingKey attributed the broader correction in Micron shares, which stood at more than 30% below the stock’s all-time high set at the end of June as of Tuesday, to a classic “sell-the-news” pattern following the company’s record third-quarter fiscal 2026 results and fourth-quarter guidance. “Driven by the AI wave, Micron once became one of the strongest-performing semiconductor stocks in 2026, with its stock price achieving a cumulative maximum gain of over 300% this year,” TradingKey reported. “With rapid valuation expansion, some capital chose to lock in profits after the company announced record financial results.”
TradingKey also pointed to a disclosed stock sale by Micron Chief Executive Sanjay Mehrotra as a contributing factor to recent market sentiment. According to filings with the U.S. Securities and Exchange Commission, Mehrotra sold approximately $37.3 million worth of Micron stock in late July under a pre-established 10b5-1 trading plan, a mechanism executives commonly use to sell shares on a predetermined schedule to avoid the appearance of trading on insider information.
Micron’s stock has swung dramatically over the past several weeks even as the broader trend has remained upward. The stock officially entered a bear market in early July, according to CNBC, before rebounding sharply. Shares fell as much as 10.75% during a single session in late July amid broader concerns weighing on memory chip stocks, before staging Thursday’s rally, which one report from CNN described as a jump of up to 18% during the trading day. TipRanks reported that Thursday’s surge was fueled in significant part by Samsung Electronics’ earnings, which hinted at long-term memory chip shortages persisting through 2028, a signal that boosted sentiment across the broader memory sector, including Micron, SanDisk, Nvidia and Advanced Micro Devices.
Benzinga reported that Micron’s technical indicators remain constructive despite Friday’s pullback, noting that the stock’s 50-day moving average continues to trade above its 200-day moving average, a pattern generally viewed as a bullish signal by technical analysts. The stock currently trades at approximately 75% of its 52-week range, according to Benzinga, indicating it remains closer to its highs than its lows even after the recent volatility. Micron’s 52-week range spans from a low of $103.38 to a high of $1,255.00.
Micron reached a $1 trillion market capitalization on May 26, according to company information compiled by Google Finance, becoming the latest U.S. company to cross that valuation threshold amid surging demand for its high-bandwidth memory chips used in artificial intelligence applications. Founded in 1978 in Boise, Idaho, Micron remains the only major American computer memory manufacturer, competing alongside South Korea’s Samsung Electronics and SK Hynix as one of the industry’s so-called Big Three memory producers.
Wall Street analysts expect Micron to report earnings of $31.24 per share on revenue of $50.72 billion when the company next reports quarterly results, according to Benzinga, compared with $3.03 per share and $11.31 billion in the year-ago quarter, reflecting the scale of growth the company has posted amid surging demand for AI-related memory products. Micron’s most recent quarterly results, according to TradingView, showed earnings of $25.11 per share against an estimate of $20.86, a 20.36% surprise, on revenue of $41.46 billion versus an estimated $35.91 billion, with net income reaching $28.24 billion for the period.
CNBC’s Jim Cramer characterized the broader forced selling that has periodically hit Micron and other AI-linked stocks in recent weeks as potentially marking a turning point for the sector. According to CNBC, Cramer described the unwinding of certain hedge fund positions as “a clearing event” that could signal a bottom for the broader artificial intelligence trade, even as individual stocks like Micron continue to experience sharp single-day swings in both directions.
Micron remains a significant holding across multiple semiconductor-focused exchange-traded funds, according to Benzinga, meaning large inflows or outflows tied to those funds can amplify the stock’s price movements during periods of heightened volatility. With the company’s next quarterly earnings report expected around late September, according to various compiled estimates, investors are likely to continue closely watching both the trajectory of global memory chip pricing and any further signals from competitors like Samsung about the durability of the current supply shortage as key factors shaping the stock’s performance in the weeks ahead.
Commonwealth Games boxing: Jadumani Singh seals dominant 5-0 win over Pakistan’s Sumama Rehman to enter quarter-finals | Commonwealth Games News
Why Trees Belong on the Risk Register
Intel is reversing course and bringing hyper-threading back to its server chips
Weekend Open Thread: Wit & Wisdom
Ripple bought a bank in pieces. The $4 billion audit
Luke Littler dismantles Gerwyn Price to retain title in Blackpool
The Part of the Electric Transition Nobody Wants to Discuss
BITCOIN JUST ENTERED THIS CRITICAL ZONE…
‘Stargate’ Creator’s New Sci-Fi Series Returns for Season 3 Tomorrow
XRP Ledger adds $2.6B as RWA inflows rank second
Major shareholder moves on Canyon
Spain sweeps the board at 2026 World Cup with individual awards
Bitcoin Enters the 3rd Stage of the Bear Market
Meta enters AI-training agreement with far-right ‘propaganda rag’ Newsmax
Sara Gilson Killed By Husband After Viral “Pedophile” TikTok Video
Kraken Enables Retail Access to Jersey Mike’s IPO via Tokenized Shares
Anthropic launches Claude Opus 5, a cheaper AI model for coding, agents and enterprise workflows
New macOS Sequoia & Sonoma security updates for older Macs
Claude: Build Financial Dashboards in Minutes (2026)
Luke Littler’s dominance sparks GOAT debate
You must be logged in to post a comment Login