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Micron Hits $1 Trillion Market Cap for First Time
Micron topped a $1 trillion market value for the first time on Tuesday as shares surged 19% on AI-driven demand for memory chips. The milestone highlights how explosive AI growth is lifting a new group of chipmakers beyond Nvidia's early dominance.
IREN Closes $3B Convertible Notes to Fund AI Shift
IREN Limited closes a $3 billion convertible senior notes offering to accelerate its shift from Bitcoin mining to AI infrastructure. The financing follows major agreements with Microsoft and Nvidia and reflects a broader industry move by miners toward AI and high-performance computing.
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Nvidia disclosed a 9.3% stake in Nebius. The neocloud stock surged after the filing, which follows the chipmaker's $2 billion investment commitment in March.
Apple briefly overtook Nvidia as the world's most valuable company again during Friday's trading session. The move came as semiconductor stocks fell and enthusiasm built around Apple Intelligence.
Apple overtook Nvidia as the world's most valuable company in Friday trading, its market cap now barreling toward $5T.
Nvidia lost $1 trillion in market value, returning its valuation to pre-AI boom levels, Bloomberg reports.
Nvidia shares declined on reports that DeepSeek is developing its own AI chip. SpaceX joins the Nasdaq-100 today, and Amazon plans to raise $25 billion through corporate bonds.
Micron, Intel and AMD added a combined $2 trillion in market value in the second quarter as investors rotated into AI chip stocks beyond Nvidia, per CNBC.