Micron's annual report, filed on Oct. 9, shows no single customer accounted for 10% or more of revenue in fiscal 2026 (the 53 weeks ending Sept. 3, 2026), down from one customer at 17% a year earlier. Revenue rose 256% year over year to about $133 billion, but the stock is down about 14% from its Oct. 7 close, at roughly $936 at the time of writing. The article notes the top 10 customers still provided over half of revenue, and data centers rose to around 60% of sales from about half in fiscal 2025. Much of the growth came from pricing, with average DRAM selling prices up about 180% in fiscal 2026, and net income rising nearly tenfold to about $85 billion. The author sees the customer shift as a modest improvement but argues that data center spending and memory prices remain the stock's biggest risks, with multi-year deals covering over 35% of revenue through 2030.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- Mastercard Launches Global Money Platform : Single API Pays Bank Accounts in 200 Countries
Mastercard and BVNK launched the Global Money Platform, a single API that lets banks, fintechs and enterprises hold stablecoin balances alongside fiat, spend them on Mastercard-branded cards, and pay recipients' local bank accounts in more than 200 countries without using a crypto exchange. It is the first product from Mastercard's $1.8 billion acquisition of BVNK, which closed on August 3, 2026, and combines a multi-currency account, stablecoin-linked card issuance across 130-plus countries, and payouts through Mastercard Move to bank accounts in 40-plus currencies. The platform removes the off-ramp step that made stablecoins impractical for treasury teams, with settlement running around the clock in seconds rather than the one-to-three business days typical of international wires. Before the deal, Mastercard lacked on-chain execution, which BVNK supplies through a platform that processed about $30 billion in annualized volume across 130-plus markets and holds 25-plus licenses.
- AECOM ( ACM ) Lowers Full - Year Guidance After Reporting a One - Off Charge
- Interest on fixed savings accounts hits three - year high : Should you snap one up ?
Interest rates on fixed-rate savings bonds have reached a three-year high, with all top fixed-rate accounts paying 5% or more for the first time since 2023, according to Moneyfacts. Independent rate tables show GB Bank's five-year taxable fixed bond at 5.37%, while Shawbrook Bank's best tax-free Isa pays 5.25% on a five-year fix. The average one-year fixed rate rose to 4.41% and the longer-term rate to 4.49%, both after consecutive monthly increases, while the number of savings deals hit an all-time high of 2,654 in October 2026. The article urges savers to check their rates, noting that some high-street banks such as Barclays and NatWest pay just 1% on easy-access savings, whereas Hodge Bank offers 4.01%.
- Micron's Customer Contracts Just Took the Memory Cycle Off the Table
Micron shares are up 230% year to date as of Oct. 13, even though memory markets have historically seen sharp price drops after capacity expansions. The company now has 26 strategic customer agreements (SCAs) running through at least 2030, up from 16, which are expected to account for over 35% of revenue through 2030, with three-quarters of that revenue covered by minimum and maximum price bands. Customer financial commitments rose to $32 billion, and customer contract liabilities on the balance sheet reached $12.9 billion, up from $568 million in May. Still, roughly 74% of sales remain exposed to supply-and-demand shifts, and Bernstein projects DRAM prices to rise 43% in 2027 before falling 53% in 2028.
- What Is The One Risk Every Home Depot Investor Should Know?
Home Depot shares have fallen 22% over the past twelve months, while the S&P 500 returned 17.0%, even though total sales rose 5.7% in the fiscal second quarter. On the August 18, 2026 earnings call, executives blamed a frozen housing market, with housing turnover at historical lows for four years, which is holding back demand for larger projects. Comp sales rose 1.7%, but customers made fewer trips: the average ticket climbed 2.8% while comp transactions fell 1.0%. Operating margin over the past twelve months was 12.4%, down from 14.9% three years ago, and the stock sits about 24% below its 52-week high. The article calls the housing pressure a slow-moving risk to monitor rather than an immediate emergency, with the third-quarter report as the next key test.
Related markets
Latest news
- Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom
Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.
- Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention
On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².
- Semiconductor Sell-Off: 5 Stocks to Buy on the Dip
The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).
- Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.
- Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%
The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
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.