6 Min Read
Nvidia raised its buyback authorization by $150B, beating Apple's $110B record, and the stock rose 2.64% as chip stocks fell. But it generated $21.3B of free cash flow last quarter, and its customers are paying more slowly.
NVDA · Since The Event− 4.03%Read8 Min Read
FTSE Russell redrew its style rankings in June: 45.8% of Apple's market cap and exactly half of Microsoft's were assigned to the value index. The three megacaps' combined weight rose from 1.9% to 16.2%, while the year's best-performing memory stocks dropped off the list entirely.
10 Min Read
China's largest DRAM maker went to federal court to get off the Pentagon's list of Chinese military companies. The list bans no commercial sale, yet it still costs the company customers.
MU · Since The Event− 3.39%Read9 Min Read
The U.S. Commerce Secretary told The Wall Street Journal plainly that the administration opposes Apple buying memory from Chinese manufacturers. But one of the two suppliers is not even blacklisted, and the blacklist does not forbid that purchase anyway.
iPhone 17 Pro, 256GBiPhone 18 Pro
9 Min Read
As AI servers absorb the world's memory capacity, the company that set component prices for two decades has lost its leverage. The door Apple opened to China's CXMT strengthened its Korean suppliers instead of squeezing them.
AAPL · Since The Event+ 9.76%Read9 Min Read
For the first time in sixty years, the money in Berkshire's till shrank on someone other than Buffett's say-so. The buyback that followed three years of silence is a statement about price.
10 Min Read
The tariffs the Supreme Court struck down set off a $165 billion refund wave, and the money landed on the cost line of corporate income statements. Nintendo, Apple and Deere all booked the same item in the same quarter; the three stocks went three different ways.
