Micron's new milestone, Dick's earnings, Paxton beats Cornyn and more in Morning Squawk - CNBC

As the Dow Jones Industrial Average celebrated its 130th anniversary, U.S. markets opened strongly with the S&P 500 and Nasdaq hitting new highs, driven by a surge in semiconductor stocks, particularl... Read original →

Micron’s rally reflects surging AI-driven memory demand colliding with CHIPS Act-funded capacity, not just market sentiment. Though not leading in sub-3nm logic, its HBM3E/HBM4 adoption by NVIDIA and AMD pressures Samsung and SK Hynix to accelerate EUV integration in DRAM—sparking a capex arms race. Geopolitically, prolonged Strait of Hormuz disruption threatens both energy costs and semiconductor logistics between the Middle East and East Asia, likely forcing TSMC and Micron to build buffer stocks near the U.S.-Mexico border. Musk’s proposed SpaceX-Tesla merger aims to fuse Starlink’s LEO network with automotive AI silicon, but will draw CMA and FTC scrutiny over dual-use tech. Over the next 18 months, U.S. DRAM output surges while expansion curbs on Taiwan, China constrain supply, setting up unprecedented price volatility.