What Is Going on With Meta Platforms Stock on Thursday?
Meta stock falls as investors evaluated an $18 billion settlement with U.S. states imposing teen usage limits and stronger parental controls on Facebook and Instagram.
Read original at benzingaStocks · News reference
Micron (MU) stock gains premarket as Citi cuts target to $1,150, citing slowing memory pricing and China capacity risks.
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Meta stock falls as investors evaluated an $18 billion settlement with U.S. states imposing teen usage limits and stronger parental controls on Facebook and Instagram.
Read original at benzingaThe July goods gap widened to $118.8B as capital goods imports hit a record $140.1B and Korean chip shipments to the US surged 68.7%
Read original at benzingaMicron Technology stock declined on Thursday amid profit-taking, Nvidia's margin disclosures, and potential U.S. chip tariffs.
Read original at benzingaIf Nvidia were to reach that level from its current price of around $226, its market capitalization would climb to about $12.5 trillion.
Read original at benzingaNvidia AI buildout is expensive. Memory prices will drive gross margins to 71%–72% in Q4, the first major margin decline of the AI cycle.
Read original at benzingaNvidia delivered extraordinary Q2 results with 106% YoY revenue growth to $96.2B, 75% gross margins, and $59.7B net income. The company is compared to historical capital-goods suppliers during major investment booms. Unlike the dot-com era's dark fiber overbuild, AI infrastructure appears economically justified with high utilization rates and profitability. At 23.5x forward earnings with a Zacks Rank #2 (Buy), NVDA stock appears attractively valued despite risks from concentrated customer base and massive financing requirements.
Read original at zacks-investment-research