Micron crossed the $1 trillion market cap mark — a remarkable climb from under $70 billion just a year ago. The memory chip giant has been the standout beneficiary of AI infrastructure spending. That milestone arrives as the broader chip sector sees fresh deal news. Abu Dhabi sovereign fund Mubadala is offering a $1.91 billion block of shares in GlobalFoundries, a move that may signal profit-taking at elevated valuations.
Salesforce reports earnings tonight. Wall Street analysts have already been revising expectations ahead of the print. The CRM giant is widely watched as a bellwether for enterprise software demand. Options flow into the week has been cautious across software names.
The US Supreme Court rejected Meta's appeal today. Vermont's Instagram addiction lawsuit will move forward. That is a fresh legal overhang for a stock already navigating regulatory scrutiny globally. Bears have not meaningfully built positions yet, but this ruling opens a new front.
BP's ousted chairman says he was fired without explanation, according to Bloomberg. The governance fallout at Britain's second-largest oil company continues to unsettle investors. Europe's ECB also warned today that private credit fuelling the AI boom poses financial stability risks — a note of caution for tech-heavy portfolios on both sides of the Atlantic.
Tesla rose 67.2% in European unit sales in April, reaching 9,169 cars. YTD units are up 61.7%. Yet BYD is growing even faster. Battery electric vehicles now hold 19.7% of EU market share year-to-date. Tesla's short interest remains modest at under 4% of free float — bulls remain in control for now.
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