Micron and SanDisk Stocks Rebound as Investors Bet on AI Boom, Cheap Valuations

Top memory stocks have bounced back over the past five weeks as investors bought the dip, betting the artificial intelligence boom will continue. Micron (NASDAQ:MU) has jumped to $1,016, up 40% from

Benzinga01:52

Major Capital Raise! Agricultural Bank of China, ICBC, and PICC Plan Combined Private Placement to Raise Up to RMB 275 Billion | Post-Market Announcement Roundup

Today's Focus [Agricultural Bank of China: Plans to Raise No More Than RMB 160 Billion to Replenish Capital] Agricultural Bank of China announced that it intends to issue A-shares to specific investors, including the Ministry of Finance of the People's Republic of China, China National Tobacco Corporation, and its relevant subsidiaries, to raise total proceeds of no more than RMB 160 billion. After deducting relevant issuance expenses, all funds will be used to replenish Core Tier 1 capital. The final amount raised will be subject to the issuance plan approved by regulatory authorities. The Ministry of Finance plans to subscribe for RMB 130 billion, China National Tobacco Corporation for RMB 10 billion, Jiangsu Tobacco, Zhejiang Tobacco, and Hubei Tobacco each for RMB 5 billion, and Beijing Tobacco for RMB 3 billion.

cls.cnSep 6 17:47

Will the Next Wave of AI Winners Emerge? PIMCO Avoids U.S. Tech Giants, Bets Heavily on Asian ‘Pick-and-Shovel’ Providers

Amid elevated valuations for U.S. tech giants, the Asian AI supply chain—particularly in semiconductors and data center infrastructure—is attracting increased attention.

wallstreetcnSep 5 14:55

Samsung and Arm Join Forces to Enter On-Device AI Market: 2nm Custom Chip Development Underway, OpenAI Poised as Key Customer

Samsung Electronics is partnering with Arm to develop custom on-device AI chips based on the 2nm process node. Arm will provide the technology, while Samsung will handle design and mass production, with OpenAI potentially emerging as the end customer. This initiative supports Samsung’s integrated “design + manufacturing” strategy, enhancing the synergistic competitiveness of its System LSI and foundry businesses. It also allows Samsung to accumulate experience in serving AI clients with advanced process technologies, thereby facilitating expansion into the custom AI chip market.

wallstreetcnSep 4 23:05

Micron's HBM production capacity is expected to double by year-end, closing the gap with Samsung and SK Hynix.

Micron Technology plans to significantly increase its monthly HBM production capacity to approximately 100,000 wafers by the end of this year, nearly doubling last year's level, thereby narrowing the capacity gap with SK Hynix and Samsung Electronics. The company is accelerating mass production of its 12-layer HBM4 products designed for NVIDIA’s “Vera Rubin” architecture, expecting their share of total capacity to reach 50% by year-end, in an effort to break out of its current trailing position with an 18% market share.

wallstreetcnSep 4 21:33

After being out of stock for several weeks, Industrial and Commercial Bank of China (ICBC) has renewed quotas for its five-year large-denomination certificates of deposit with an annualized yield of 1.60%, while launching two new three-year products.

1. ICBC's five-year deposit product, with an annualized yield of 1.60%, which had been out of stock for an extended period, has been relaunched with ample quota available. 2. Additionally, ICBC has listed two three-year large-denomination certificate of deposit (CD) products with an annualized yield of 1.55%, both subject to certain eligibility thresholds. 3. Industry analysts suggest that this move reflects banks' continued significant demand for low-cost, long-duration liabilities.

cls.cnSep 4 10:15