See the full story in the original article.
Read the original on MarketWatch ↗
Related news
- Musk Says Micron Is Being Fair on Memory Prices. He Called Its Rivals “Extortionate”
On October 13, 2026, Elon Musk posted on X that Micron has been reasonable on future memory prices while unnamed others have been extortionate, though he named no company and no supply deal between Micron and his companies has been reported. The post echoed investor Nicholas Mugalli's summary of a JPMorgan note: 26 long-term deals covering 35%+ of revenue through 2030, $150 billion in backlog, and over 75% of next year's output already sold. The article argues these contracts matter more than the praise, but notes Micron is raising prices on new agreements and faces risk from a denser chip design by a Chinese memory maker. Micron fell 12.4% over four sessions from $1,088.00 and trades 24% below its $1,255.00 high.
- Bill Gates Says Despite Elon Musk Being Mean to Him, He’s Still ‘In Awe’ of His Work — ‘He’s Brilliant, He’s Rich, He’s Influential’
- Elon Musk Just Gave Investors Another Reason to Buy Micron Stock
Elon Musk praised Micron for being 'reasonable' on future memory prices while calling other suppliers 'extortionate', saying customers will remember how they were treated during the memory shortage. The article links this to Micron's multiyear strategic customer agreements: 26 agreements covering at least 35% of projected revenue through 2030, with $150 billion in remaining performance obligations. These deals give Micron more demand visibility and may reduce its exposure to the sector's cyclical pricing swings, while its gross margin is materially higher than Nvidia, Broadcom and Taiwan Semiconductor. Wall Street expects about $176 in EPS for fiscal 2027, and with shares near $938 on Oct. 14, the forward P/E is about 5.3. The author argues the stock may be undervalued and that customer loyalty could support growth beyond the current memory cycle.
- Elon Musk Says Micron Is Making a 'Smart Move' on Memory. Micron Stock Falls Anyway.
- 'Smart move': What Elon Musk had to say about Micron
Yahoo Finance's Brian Sozzi discusses SpaceX CEO Elon Musk's post on X praising Micron for being reasonable on future memory prices while others have been extortionate. Sozzi speculates Micron may be offering favorable pricing to Musk's companies, including SpaceX, Tesla and Boring Company, which could mean lower profits for Micron given the memory chip shortage. He links this to Goldman Sachs' view that memory chip price growth may slow next year and that prices may already be near a peak.
- Micron Stock Is Falling. Elon Musk’s Comments on Chinese Chips Aren’t Helping.
Related markets
Latest news
- JPMorgan Backs Two Defense Startups With $5 Billion
JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.
- X-Energy, Amazon, AEP Partner To Evaluate Feasibility Of 960 MW Nuclear Project In Indiana – A Look At The Key Highlights
X-energy and American Electric Power (AEP) announced a joint development agreement to evaluate the feasibility of a proposed 960-megawatt small modular reactor project in Indiana, with Amazon supporting development through a milestone-based funding agreement. The plant would feature 12 Xe-100 units near the former Breed Generating Station in Sullivan County, redeveloping an AEP-owned brownfield site. It is the second commercial project under the X-energy and Amazon collaboration, which aims to bring more than 5 gigawatts of new nuclear capacity to the U.S. grid by 2039. At the time of writing, XE was up 2%, AMZN gained 3.75%, and AEP fell 1.13%.
- Waymo Will Be “a Trillion Dollar Business. Easy” per VC Investor
Bessemer Venture Partners' Sameer Dholakia says Waymo could become a trillion-dollar business by expanding from ride-hailing into personal car ownership, trucking and logistics. The article notes Bessemer invested in Waymo's $16 billion February round, which valued the company at $126 billion. Waymo reached 500,000 paid rides a week in March, but Sacra estimates its annualized revenue at only $355 million in February, under 0.1% of Alphabet's $403 billion in 2025 revenue. Alphabet trades at 25.0x forward earnings, within its usual range, while Uber trades at 18.2x, a level analyst Walter Piecyk links to the threat from Waymo and Tesla's Robotaxi.
- Jensen Huang Declares NVIDIA Can Win “in the Absence of Any AI Labs”
NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.
- AWS Margin Expansion and Retail Execution Power Amazon (AMZN) in Q3
Wedgewood Partners reported that its Wedgewood Composite returned 2.5% net in the third quarter of 2026, compared with 2.3% for the S&P 500 and 0.9% for the Russell 1000 Growth. In its investor letter, the firm named Amazon a leading contributor, citing AWS revenue growth accelerating to 37% from 17% a year earlier and a 63% rise in the segment's operating income. AWS backlog of around $500 billion is more than double last year's level and up 37% from 90 days earlier, and Wedgewood said this demand supports a plan to double AWS capacity from circa 2025 levels by 2027. Advertising grew 26% and generated over $75 billion in revenue over the past 12 months. As of October 16, 2026, Amazon closed at $250.00, with a market capitalization of $2.7 trillion and a 21.22% gain over the past year.
- Bitcoin is rejected at $83K as US bond yields reverse higher with equities
Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.