Dow Jones Dives As Oil Prices Hit $100 Amid Iran War; Tesla Looms | Investor's Business Daily The stock market saw the major indexes fall for a fifth straight week, tumbling to six-month lows. Oil prices dived initially but then surged to around $100 a barrel, while Treasury yields soared. X As Market Plunges, Do This; Costco, Ensign, Johnson & Johnson Hold Up BREAKING: Major Indexes Fall For Fifth Straight Week See All Videos NOW PLAYING As Market Plunges, Do This; Costco, Ensign, Johnson & Johnson Ho ...

Micron (MU 6.93%) investors were dealt a cold reality check last week. After the memory chipmaker delivered a smashing earnings report, the stock fell, and it's been sliding ever since. A combination of doubts about the sustainability of the memory boom, malaise around the war in Iran, and a new threat to memory chips from Alphabet has led to a 23% sell-off, and the stock has fallen every day since the earnings report. On Thursday, Micron and its memory peers slipped in response to new research from Google ...

Group 1: Micron Technology - Micron's stock is down 2.6% despite a quadrupling in revenue and a 600% increase in earnings per share, attributed to significant spending to meet demand for memory chips [3][4] - The price of memory chips, particularly high-bandwidth memory critical for AI applications, has seen an unprecedented increase, benefiting Micron [4][5] - Micron, along with competitors Samsung and SK Hynix, is focusing on high-bandwidth memory, leading to higher prices for other memory products like DRAM, which is advantageous for Micron [5][6] Group 2: Alibaba Group - Alibaba aims to generate $100 billion in cloud and AI revenue over the next five years, despite a 67% drop in quarterly earnings and sluggish revenue growth [23][24] - The decline in profitability is largely due to investments in quick commerce and AI, which are impacting net income [24][26] - Investors are concerned about Alibaba's ability to compete with Tencent in the AI space, as Tencent has been performing better recently [26][27] Group 3: Uber and Rivian - Uber is investing $1.2 billion in Rivian's robo-taxi fleet, planning to purchase 10,000 vehicles to launch in San Francisco and Miami by 2028 [49][50] - This partnership is part of Uber's strategy to position itself as a key player in the autonomous vehicle market, focusing on infrastructure needs such as charging and maintenance [50][51] Group 4: Energy and Inflation - The ongoing conflict in the Middle East is causing a spike in Brent crude prices, which rose by 4.4%, impacting stock markets and raising concerns about inflation [47][48] - Federal Reserve Chair Jay Powell noted that the construction of data centers for AI is contributing to inflationary pressures due to increased demand for various goods and services [9][11] Group 5: AI and Technology Investments - Samsung is increasing its capital expenditures by 22% this year to meet the surge in orders for memory chips, indicating strong demand in the AI semiconductor market [68] - Google is moving forward with a major data center project in Michigan, which includes a long-term electricity contract to support its AI initiatives [68][69]

>> THE COUNTDOWN IS ON. EVERYTHING YOU NEED TO GET THE EDGE AT THE END OF THE MARKET DAY. THIS IS "THE CLOSE." ROMAINE: THE MARKET IS ON ADS WITH OIL ON TILT.THE FED ANTIFREEZE AS IT FLIES BLIND IN THE FOG OF WAR. I AM ROMAINE BOSTICK. COUNTING YOU DOWN TO THE CLOSING BELL WITH INDICES NEAR SESSION LOWS, OIL NEAR SESSION HIGHS.THE SUM OF RESUMING AFTER A THREE-DAY REPRIEVE. U.S. POLICYMAKERS. PLOTTING OUT THE LIKELIHOOD IT WILL MAKE GOOD ON THE ONE RATE CUT FOR 2026 THAT IT EARLIER TELEGRAPHED.AN UPDATED SU ...

Group 1 - Samsung Electronics' unionised workers in South Korea voted to authorise a strike, indicating a deepening labour dispute over bonuses [1][2] - A total of 93% of the 66,019 workers who cast ballots approved the strike plan, highlighting significant worker support for the action [2] - If no agreement is reached, the workers plan to strike for 18 days starting from May 21 [2]

A global shortage of memory chips is likely to persist another four to five years because of endemic constraints in semiconductor production, the head of South Korean conglomerate SK Group says https://t.co/RJOsZj2OAB ...

Market Overview - US stock futures showed fluctuations as investors reacted to the ongoing Iran war and assessed the latest inflation report, which met expectations [1][2] - Concerns regarding the Iran war have led to increased volatility in oil markets, with crude prices rising due to attacks on vessels in the Strait of Hormuz [2][17] Inflation Data - The Consumer Price Index (CPI) for February indicated a 0.3% increase month-over-month and a 2.4% increase year-over-year, aligning with market expectations [5][6] - The core CPI, excluding food and energy, rose by 0.2% month-over-month and 2.5% year-over-year, also meeting expectations [6] - Notable increases in fuel oil prices (11.1%) and utility gas prices (3.1%) were attributed to cold weather conditions [7] Company Earnings - Oracle reported strong Q3 earnings, exceeding expectations and raising its 2027 revenue guidance to $90 billion, resulting in a nearly 10% increase in stock price [18][25] - CarMax shares rose by 8% following news of activist investor Starboard Value acquiring a $350 million stake and nominating board members to accelerate turnaround plans [13] Energy Sector Developments - Shell and other companies declared force majeure on LNG deliveries due to the shutdown of the Las Raffan LNG complex in Qatar, impacting the global LNG market [10][11] - The International Energy Agency (IEA) proposed a record release of reserves to mitigate supply issues and curb rising oil prices [3][25]

>> "BLOOMBERG TECH: ASIA" IS LIVE. SHERY: 2025'S AI STORY WAS ALL ABOUT THE MAD RUSH FOR GPU'S, THE KIND MADE BY NVIDIA, BUT THE FOCUS THIS YEAR SEEMS TO BE SHIFTING TOWARD A DIFFERENT PART OF THE COMPUTER BOARD. IT IS ALL ABOUT MEMORY CHIPS.ANNABELLE: ABSOLUTELY. IN THIS EPISODE, WE WILL EXPLORE WHY IT LOOKS LIKE WE WILL NOT HAVE ENOUGH AND HOW THE CRISIS IS SPREADING BEYOND AI. FROM THE HUMBLE GAMING CONSOLE TO THE MOBILE PHONE TO OUR LAPTOPS AND EVEN THE HUGE DATA CENTERS THAT POWER AI, ALL COMPUTER SYST ...

Market Overview - Investor sentiment is currently weighed down by concerns over AI's potential impact on various industries, leading to continued selling pressure in the markets, particularly in technology and software sectors [3][4][9] - The Dow is down 180 points, and the S&P 500 has decreased by 0.75% year-to-date, while the NASDAQ is down 4% [3][5] - Despite the negative sentiment, the S&P 500 remains near record levels, indicating that the market is not far off from its highs [4] Company Earnings and Performance - Walmart is set to report its fourth-quarter earnings, with expectations of strong performance following a successful holiday season, projecting same-store sales growth of around 4.5% [90][93] - Concerns exist regarding future guidance, particularly in light of weak consumer sentiment affecting purchasing patterns, as noted by General Mills [95][98] - Dutch Bros plans to aggressively expand, aiming to open at least 181 stores by 2026 and reach 2,029 shops by 2029, despite shares falling over 30% in the past year due to concerns about demand and costs [33][34] Technology Sector Insights - The software sector is experiencing significant selling pressure, with many stocks underperforming, although some companies, particularly those with usage-based models, may thrive in an AI-driven environment [26][31] - Companies like Micron are facing pressure despite ongoing demand for memory chips, indicating a disconnect between market sentiment and actual business fundamentals [6][7] - The private credit market is showing signs of distress, with over 15% of US leveraged technology loans marked at distressed levels, raising concerns about the overall health of the credit market [9][12] Analyst Ratings and Market Predictions - Morgan Stanley has named Citigroup as a top pick among large US lenders, raising its price target to $152, indicating confidence in the bank's performance [72] - Deutsche Bank has lowered its price target for DraftKings to $26, citing pressures from increased promotions and slowing growth [73] - True Securities upgraded Shopify to a buy rating, highlighting its recent growth and long-term drivers, raising the price target to $150 [75]

Memory chips used to be considered low-margin commodity products. Now the industry can’t make enough to satisfy data centers’ hunger. https://t.co/BhSq19buJ5 ...