Times of India | Meet Micron CEO Sanjay Mehrotra: The man who heads a $1 trillion tech giant after being denied US visa three times

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Sanjay Mehrotra, the Indian‑born CEO of Micron Technology, rose from a youthful dream of studying in the United States to leading a company now valued at over $1 trillion. After being turned down three times for a U.S. visa in 1976, his father’s persistence secured his entry, allowing Mehrotra to attend UC Berkeley for electrical engineering and later co‑found SanDisk in 1988. He grew SanDisk into a Fortune 500 firm, overseeing its $16 billion sale to Western Digital, and in 2017 became Micron’s chief executive. Under his leadership, Micron’s stock has surged nearly 3,000 %, propelled by the exploding demand for high‑performance memory chips essential to artificial‑intelligence applications, cementing Mehrotra as a pivotal figure in global technology.

Read more: https://timesofindia.indiatimes.com/etimes/trending/meet-micron-ceo-sanjay-mehrotra-the-man-who-heads-a-1-trillion-tech-giant-after-being-denied-a-us-visa-three-times/articleshow/131408569.cms

#SanjayMehrotra #MicronTechnology #SanDisk #WesternDigital #UCBerkeley #EliHarari #JackYuan

Times of India | US stock markets today (May 27, 2026): Wall Street stays near record highs as easing oil prices lift sentiment

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Wall Street hovered near record highs on Wednesday as a sharp decline in crude oil prices eased inflation worries and boosted investor sentiment. The S&P 500 inched up 0.1%, the Dow Jones Industrial Average rose 0.3% (171 points), and the Nasdaq Composite gained 0.1% after the previous session’s record close. Brent fell 3.7% to $95.88 a barrel and U.S. crude dropped 4.5% to $89.72, lifting stocks with high fuel costs such as Norwegian Cruise Line (up 6.8%) and United Airlines (up 6%). Technology shares tied to the AI boom continued their rally, with Micron Technology climbing 2.9% after a 19.3% surge the day before. Retailers also posted gains, led by Bath & Body Works (+14.5%) and Abercrombie & Fitch (+12%) on strong earnings. Conversely, oil majors fell on the price slide, with Exxon Mobil down 2.2% and Chevron down 1.5%, though both remain up about 20% year‑to‑date. Treasury yields slipped, with the 10‑year note at 4.47%, and global markets were mixed—European indexes rose while Asian markets were mixed, highlighted by South Korea’s Kospi jumping 2.3% on a 9.3% surge in SK Hynix driven by AI‑related demand.

Read more: https://timesofindia.indiatimes.com/business/international-business/us-stock-markets-today-may-27-2026-wall-street-stays-near-record-highs-as-easing-oil-prices-lift-sentiment/articleshow/131353138.cms

#AssociatedPress #SP500 #DowJones #NasdaqComposite #MicronTechnology

Times of India | US chipmaker Micron reaches $1 trillion market capitalization for the first time

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US chipmaker Micron Technology briefly surged past a $1 trillion market valuation on May 26, driven by soaring investor enthusiasm for artificial‑intelligence‑related memory chips. The stock jumped more than 17 % after UBS lifted its price target, reaching an intra‑day high of 19.3 % as analysts highlighted the rapidly growing demand for advanced high‑bandwidth memory used in AI data centers and cloud infrastructure. Reuters noted that Micron’s shares have climbed eight‑fold over the past year amid tight supply and heightened competition, with the company already selling out its entire 2026 high‑bandwidth‑memory inventory. The milestone underscores the broader shift of capital toward firms supplying key AI hardware, alongside fellow memory makers Samsung and SK Hynix, which are also benefiting from the AI boom.

Read more: https://timesofindia.indiatimes.com/technology/tech-news/us-chipmaker-micron-reaches-1-trillion-market-capitalization-for-the-first-time/articleshow/131341592.cms

#MicronTechnology #UBS #ArtHogan #Samsung #SKHynix

qwant news | OpenAI hires ServiceNow CMO Colin Fleming as CMO for its business segment; he succeeds Kate Rouch, who stepped down earlier this year to focus on her health

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On May 26 2026 the tech world saw a flurry of headline‑making moves: Micron Technology’s shares jumped 19% as its memory‑chip demand in the AI race pushed the company past the $1 trillion market‑value milestone; Dropbox announced founder Drew Houston will step down after 19 years as CEO, handing the reins to Ashraf Alkarmi; Qualcomm landed a major AI‑chip supply deal with ByteDance’s TikTok parent; Chinese regulators began restricting overseas travel for AI researchers at private firms such as Alibaba and DeepSeek; American Airlines will outfit more than 500 narrow‑body jets with SpaceX’s Starlink in‑flight Wi‑Fi; the Dutch government blocked US‑based Kyndryl’s acquisition of digital‑ID supplier Solvinity on public‑interest grounds; Pope Leo XIV issued an encyclical urging the “disarmament” of AI and stressing human dignity; OpenRouter raised $113 million at a $1.3 billion valuation as its token‑processing volume surged to 25 trillion per week; Spotify added a library of over 650 narrated long‑form magazine articles for premium users; and Nvidia retired its 20‑year‑old GeForce Control Panel, moving its features into the Nvidia app.

Read more: https://www.techmeme.com/260526/p33

#OpenAI #MicronTechnology #Dropbox #Qualcomm #ByteDance #DrewHouston #AshrafAlkarmi #ColinFleming

US Top News and Analysis | Stocks making the biggest moves midday: Micron Technology, AutoZone, Qualcomm, Oklo & more

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Midday trading saw several notable moves: Micron Technology surged nearly 18%, hitting a new high and pushing its market value to $1 trillion, while UBS lifted its price target from $535 to $1,625, reflecting an 800% gain over the past year. Semiconductor stocks rallied, with the VanEck Semiconductor ETF up >3% to a 52‑week high, On Semiconductor and Western Digital each gaining about 9%, and AMD rising 6%. Nuclear‑tech firm Oklo climbed 6% after the Department of Energy selected it for discussions on using Cold‑War‑era plutonium as reactor fuel, partnering with European developer Newcleo. Modine Manufacturing jumped 16% after securing a $4 billion agreement through 2029 to supply HVAC cooling solutions to a major data‑center client. Qualcomm rose 3% following reports of a chip supply deal with TikTok owner ByteDance for AI data‑center needs. AutoZone fell over 10% as CEO Phil Daniele cited weak international sales despite solid domestic performance; the company posted Q3 revenue of $4.84 billion, slightly below estimates, though earnings beat expectations. Eli Lilly gained 1% after announcing acquisitions of Curevo, LimmaTech Biologics, and a vaccine company to expand its infectious‑disease portfolio. Ferrari’s U.S.-listed shares dropped nearly 6% after unveiling its first fully electric vehicle, Luce, in Rome. Lear Corp rose 2% after TD Cowen upgraded it to “buy,” citing strong positioning in North‑American auto production. Space stocks rallied, with Intuitive Machines up 14% and AST SpaceMobile up 19% after Cantor Fitzgerald highlighted a $90 million Rocket Lab contract with the U.S. Space Force and anticipated lunar‑vehicle contract decisions.

Read more: https://www.cnbc.com/2026/05/26/stocks-making-the-biggest-moves-midday-mu-azo-qcom-oklo.html

#MicronTechnology #AutoZone #Qualcomm #Oklo #ByteDance #PhilDaniele

US Top News and Analysis | Micron hits $1 trillion market cap for the first time as stock surges 18%

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Micron Technology hit a $1 trillion market value on Tuesday, with its shares leaping about 18% after UBS nearly tripled its price target from $535 to $1,625, citing strong demand for the memory chips needed by “agentic” AI workloads and the prospect of long‑term agreements with partially fixed pricing. The surge places Micron among a new wave of chipmakers benefitting from the AI‑driven memory shortage, which has pushed prices higher and helped the stock more than triple year‑to‑date, suggesting it could more than double from Friday’s close.

Read more: https://www.cnbc.com/2026/05/26/micron-stock-trillion-market-cap.html

#MicronTechnology #UBS #artificialintelligence

US Top News and Analysis | Billionaire families bet on semiconductor and energy stocks in first quarter during Iran war

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Billionaire family offices doubled down on chipmakers in Q1 2026 despite the Iran‑war‑driven pressure on data‑center economics, while many also shifted exposure to energy firms as oil prices surged. David Tepper’s Appaloosa Management boosted its stakes in Micron (up 11 % to $562.5 M), Taiwan Semiconductor (up 18 % to $448.6 M) and added a new $179 M position in Sandisk; Duquesne, the investment vehicle of Stanley Druckenmiller, took fresh stakes in Sandisk and Broadcom, and Soros Fund Management raised its Nvidia holding by 61 % to $187 M. These bets paid off, with semiconductor shares such as Micron and Sandisk jumping 50‑60 % over the past month and others like Nvidia, Broadcom and TSMC gaining 19‑35 % since March. On the energy side, Appaloosa more than doubled its investment in Vistra Corp, while other offices trimmed or exited positions in electricity generators and airlines, reflecting divergent strategies amid the conflict‑induced market turmoil.

Read more: https://www.cnbc.com/2026/05/21/billionaire-investments-q1.html

#AppaloosaManagement #DavidTepper #MicronTechnology #DuquesneFamily #StanleyDruckenmiller

US Top News and Analysis | S&P 500 futures are flat after index posts second losing day amid tech selloff: Live updates

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S&P 500 futures were essentially unchanged on Monday night after the index posted a second consecutive loss, dragged down by a sell‑off in technology shares. While the S&P 500 slipped 0.07% and the Nasdaq fell 0.51%, the Dow added about 0.3%, briefly pushing past 50,000 points. Memory‑chip makers led the tech decline, with Seagate tumbling nearly 7% after its CEO warned that building new factories “would just take too long” to meet AI‑driven demand, and Micron fell close to 6% in sympathy. Other AI‑related stocks also retreated, and analysts like Kevin Gordon of the Schwab Center cautioned that the recent market rally may have peaked given the stretched positioning. In other news, President Donald Trump announced on Truth Social that he was calling off a planned attack on Iran after regional leaders asked him to hold off, while Home Depot, Eagle Materials and Amer Sports are set to report earnings, and the average 30‑year mortgage rate rose to 6.68%, the highest level since July 2025. In after‑hours trading, hospitality‑software company Agilysys surged 16% on better‑than‑expected Q4 earnings and revenue guidance, while Akamai Technologies fell 3% after unveiling a $2.6 billion convertible‑note offering.

Read more: https://www.cnbc.com/2026/05/18/stock-market-today-live-updates.html

#SP500 #Nasdaq_100 #Seagate #MicronTechnology #KevinGordon #DonaldTrump