We recently published 10 Stocks Jim Cramer Discussed.  Micron Technology Inc. (NASDAQ:MU) is one of the stocks on Jim Cramer discussed. Memory chip manufacturer Micron Technology Inc. (NASDAQ:MU) has shaped up to be one of the most important firms on the stock market in today’s AI-driven era of investing. Its importance stems from the fact that it is the only American company capable of manufacturing the advanced memory chips that are used by NVIDIA in its latest AI GPUs. On December 18th, Deutsche Bank r ...

Core Insights - Samsung Electronics and SK Hynix shares surged following their partnership with OpenAI as part of the Stargate initiative, with Samsung's shares rising over 4% and SK Hynix's shares increasing more than 9% [1][2] - This partnership aims to enhance the supply of advanced memory chips essential for next-generation AI and to expand data center capacity in Korea [2] Company Performance - Samsung's stock reached its highest level since January 2021, indicating strong market confidence [1] - SK Hynix's stock hit its highest level since 2000, reflecting significant investor interest and optimism [1] Partnership Objectives - The collaboration with OpenAI will focus on scaling up the production of advanced memory chips critical for powering AI models [2] - The initiative is expected to bolster data center capacity in Korea, aligning with the growing demand for AI technologies [2]

Group 1 - Micron Technology forecasts first-quarter revenue above market estimates, driven by strong demand for artificial intelligence hardware [1] - The company anticipates that the booming AI market will significantly boost sales of its advanced memory chips [1]

Market Overview - US futures are weaker after all major indexes closed at all-time highs (ATHs) on Friday, with S&P and Nasdaq futures down 0.3% as of 8:10 am [1] - The S&P is notably overbought, but bullish analysts suggest the overall uptrend may continue due to rising earnings expectations and market bets on two more rate cuts this year [1] - Pre-market trading shows Mag 7 stocks under pressure, with only TSLA and AAPL in the green [3] Corporate News - MediaTek is launching a new mobile processor aimed at competing with Qualcomm in handling agentic AI tasks [4] - BYD shares dropped following an investigation into Amer Sports due to environmental concerns related to a fireworks show [4] - Anywhere Real Estate shares soared 46% on a merger agreement with Compass Inc., while Compass shares fell 12% [4] - Cryptocurrency-exposed stocks, including Coinbase, are declining after over $1.5 billion in bullish bets were liquidated [4] - ASML shares rose 3% after receiving a third analyst upgrade in a month, indicating potential cyclical recovery [4] - Ionis shares increased 2% after a successful study announcement for its drug in treating Alexander disease [4] - Kenvue shares fell 5% after reports linked its drug's active ingredient to autism, which Kenvue disputed [4] - MBX Biosciences shares climbed 30% following positive Phase 2 clinical trial results [4] - Metsera shares surged 59% after Pfizer agreed to acquire the obesity startup for approximately $4.9 billion [4] - T-Mobile US shares slipped 1% after announcing a leadership change [4] Economic Indicators - The Federal Reserve's recent rate cut has led to a thin data calendar this week, with the main focus on the preferred inflation gauge release on Friday [6] - The upcoming payrolls report is anticipated to be a significant catalyst alongside the start of the earnings season next month [6] - Market sentiment is expected to drift this week due to the calm macro environment and the end of the earnings season [7] Precious Metals and Commodities - Gold prices hit a record high above $3,700, with ETF inflows reaching a three-year high, driven by expectations of further Fed rate cuts [12][19] - Silver prices also rose, reaching their highest level since 2011 [12] - Crude oil prices remained flat, while agricultural commodities mostly weakened [1][4] Global Market Movements - European stocks opened lower, with automobile and banking shares leading declines, while mining and technology stocks outperformed [14] - Asian stocks rose, supported by regional tech shares and a rally in Japan, with Samsung Electronics shares surging after passing Nvidia's quality test [15] - The MSCI Asia Pacific Index increased by 0.2%, led by gains in TSMC [15]

Group 1 - US stock futures declined by approximately 0.4% following a week where the Dow Jones Industrial Average and S&P 500 reached all-time highs [1][2] - The Federal Reserve's recent quarter-point interest rate cut has led to discussions on Wall Street regarding its potential impact on market stability and the labor market [2] - Investors are anticipating the upcoming personal consumption expenditures (PCE) price index report, which is expected to show persistent pricing pressures while remaining manageable for the Fed's policy [3] Group 2 - Micron Technology is under scrutiny as investors await updates on AI-driven demand and revenue guidance following a recent increase [4] - Costco is also being monitored as a key indicator of consumer spending patterns during the earnings reporting period [4] - BYD's stock fell significantly after reports indicated that Warren Buffett's investment firm sold its entire stake in the Chinese electric vehicle manufacturer [4] - Samsung Electronics' stock rose over 5% after announcing a deal with Nvidia for the use of advanced memory chips, marking a significant development for the company [6]