Hardik Shah

$Unitedhealth(UNH.US) | Bernstein SocGen Group 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺 on 𝗨𝗻𝗶𝘁𝗲𝗱𝗛𝗲𝗮𝗹𝘁𝗵 𝗚𝗿𝗼𝘂𝗽, maintains PT at $𝟱𝟭𝟮

Analyst sees Optum Insight and AI as significant long-term growth opportunities for UnitedHealth Group.

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: U.S. Private Payrolls Rise Just 38,000 in August, Slowest Job Growth Since January - $QQQ $SPY

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ U.S. private employers added just 𝟯𝟴,𝟬𝟬𝟬 jobs in August.

➤ Hiring recorded its 𝘀𝗹𝗼𝘄𝗲𝘀𝘁 𝗽𝗮𝗰𝗲 since January.

➤ 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗵𝗲𝗮𝗹𝘁𝗵 services led gains with 𝟰𝟱,𝟬𝟬𝟬 jobs.

➤ 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 lost 𝟭𝟳,𝟬𝟬𝟬 jobs during August.

➤ 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗮𝗻𝗱 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 services shed 𝟭𝟲,𝟬𝟬𝟬 positions.

➤ Large employers accounted for 𝟯𝟰,𝟬𝟬𝟬 of August's job gains.

➤ Base pay increased 𝟯.𝟮% year-over-year across all private workers.

➤ Gross pay increased 𝟰.𝟳% year-over-year across all workers.

➤ Job-changers saw 𝟰.𝟳% base-pay and 𝟳.𝟯% gross-pay growth.

➤ July payroll gains were revised higher to 𝟰𝟲,𝟬𝟬𝟬 from 𝟰𝟰,𝟬𝟬𝟬.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Slower hiring signals continued 𝗰𝗼𝗼𝗹𝗶𝗻𝗴 in the U.S. labor market.

➤ Weak manufacturing and professional hiring highlights uneven economic momentum.

➤ Moderating wage growth could reduce future 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻𝗮𝗿𝘆 pressure.

➤ Softer employment conditions could influence upcoming 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗲𝗿𝘃𝗲 policy decisions.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗗𝗿. 𝗡𝗲𝗹𝗮 𝗥𝗶𝗰𝗵𝗮𝗿𝗱𝘀𝗼𝗻, Chief Economist, ADP:

"Pay can tell us a lot about today's choppy hiring. To understand hiring patterns, you have to look deeply into where pay growth is accelerating, where it's slowing, and for whom,"

"Once predictable wage growth has been overtaken by complexities of demographic change, persistent inflation, and AI's effects on jobs,"

"Our new Pay Insights report, with its enhanced data, can more fully reveal the dynamics of today's labor market."

𝗟𝗶𝘃 𝗪𝗮𝗻𝗴, Lead Data Scientist, ADP Research:

"With its extended history, added dimensions of base pay and distribution, and granular metro information, Pay Insights more fully captures the pay structure of the U.S. labor market and how it's changing over time,"

"Our August release, for example, shows that pay growth has been decelerating for the past four years,"

"Among lower-paid workers in particular, base pay growth has lost momentum and now is slower than it was prior to the pandemic."

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Google, MN8 and Eos Partner on $350 Million West Virginia Clean Energy Project - $EOS Energy Enterprises(EOSE.US) $Alphabet(GOOGL.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗚𝗼𝗼𝗴𝗹𝗲, 𝗠𝗡𝟴 𝗘𝗻𝗲𝗿𝗴𝘆 and 𝗘𝗼𝘀 partner on West Virginia clean energy.

➤ Project combines 𝗮𝗻 𝟴𝟲 𝗠𝗪 solar facility with two storage technologies.

➤ Eos will supply 𝟭𝟬 𝗠𝗪/𝟭𝟬𝟬 𝗠𝗪𝗵 of zinc-based long-duration storage.

➤ Project also includes 𝟳𝟬 𝗠𝗪/𝟮𝟴𝟬 𝗠𝗪𝗵 of lithium-ion storage.

➤ 𝗚𝗼𝗼𝗴𝗹𝗲 will purchase project energy, capacity and clean-energy attributes.

➤ Portfolio supports Google's regional 𝗱𝗮𝘁𝗮 𝗰𝗲𝗻𝘁𝗲𝗿 demand and PJM grid.

➤ Solar targets 𝟮𝟬𝟮𝟴 operations; storage follows in 𝟮𝟬𝟮𝟵 and 𝟮𝟬𝟯𝟬.

➤ Project represents West Virginia's first commercial-scale 𝗹𝗼𝗻𝗴-𝗱𝘂𝗿𝗮𝘁𝗶𝗼𝗻 storage deployment.

➤ Investment could reach 𝗮𝗽𝗽𝗿𝗼𝘅𝗶𝗺𝗮𝘁𝗲𝗹𝘆 $𝟯𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻, creating around 𝟮𝟬𝟬 construction jobs.

➤ Project could generate approximately $𝟰 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in first-20-year property taxes.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Expands 𝗰𝗹𝗲𝗮𝗻, dispatchable power supporting rapidly growing data-center electricity demand.

➤ Gives 𝗘𝗼𝘀 a significant commercial deployment of its American-made Z3 technology.

➤ Ten-hour zinc storage could extend renewable availability beyond lithium-ion capabilities.

➤ Demonstrates how solar and multi-duration storage can provide firmer grid capacity.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗟𝘂𝗰𝗶𝗮 𝗧𝗶𝗮𝗻, Director, Advanced Energy Technologies at Google:

“At Google, we’re committed to backing solutions that both serve our data center capacity needs and accelerate progress toward cleaner, more affordable energy systems,” said Lucia Tian, Director, Advanced Energy Technologies at Google. “This collaboration with MN8 and Eos aims to deploy a smart portfolio of round-the-clock technology solutions to help power our digital infrastructure, while creating meaningful economic benefits for West Virginia.”

𝗝𝗼𝗻 𝗬𝗼𝗱𝗲𝗿, President and CEO of MN8 Energy:

“This project reflects what MN8 does best: understanding a customer’s unique energy profile and building a solution around it,” said Jon Yoder, President and CEO of MN8 Energy. “Because Google was willing to pair next-generation storage with utility-scale solar, we could engineer proven and emerging technologies into one dispatchable resource – and deliver clean, around-the-clock power where the grid needs it most.”

𝗡𝗮𝘁𝗵𝗮𝗻 𝗞𝗿𝗼𝗲𝗸𝗲𝗿, Chief Commercial Officer at Eos:

“The grid needs more from every megawatt of new generation,” said Nathan Kroeker, Chief Commercial Officer at Eos. “Our work with Google is focused on deploying American-made long-duration storage where it solves real grid reliability challenges. Z3 extends the value of clean generation across more hours, strengthens the overall portfolio, and delivers more dependable capacity when it’s needed most.”

📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: Berkshire Hathaway Sees AI Energy Opportunity After $10 Billion $Alphabet(GOOGL.US) Alphabet Investment - CNBC

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗕𝗲𝗿𝗸𝘀𝗵𝗶𝗿𝗲 sees major energy opportunities from expanding AI data centers.

➤ Berkshire recently invested an additional $𝟭𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in 𝗔𝗹𝗽𝗵𝗮𝗯𝗲𝘁.

➤ 𝗚𝗿𝗲𝗴 𝗔𝗯𝗲𝗹 and 𝗪𝗮𝗿𝗿𝗲𝗻 𝗕𝘂𝗳𝗳𝗲𝘁𝘁 authorized the latest investment.

➤ Alphabet is now Berkshire's 𝘁𝗵𝗶𝗿𝗱-𝗹𝗮𝗿𝗴𝗲𝘀𝘁 common stock holding.

➤ Abel described Google as a 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗽𝗹𝗮𝘆𝗲𝗿 in AI.

➤ Berkshire purchased shares at a 𝟲.𝟱% 𝗱𝗶𝘀𝗰𝗼𝘂𝗻𝘁 to Alphabet's stock price.

➤ 𝗕𝗲𝗿𝗸𝘀𝗵𝗶𝗿𝗲 𝗛𝗮𝘁𝗵𝗮𝘄𝗮𝘆 𝗘𝗻𝗲𝗿𝗴𝘆 could benefit from AI electricity demand.

➤ Data centers represented approximately 𝟴% of its Iowa load last year.

➤ Abel views 𝗲𝗻𝗲𝗿𝗴𝘆 availability as a potential constraint on AI expansion.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Berkshire is gaining exposure to AI through both 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 and energy.

➤ The $𝟭𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 investment signals increased conviction in Alphabet's AI position.

➤ Surging data-center power needs could boost 𝗕𝗲𝗿𝗸𝘀𝗵𝗶𝗿𝗲 𝗛𝗮𝘁𝗵𝗮𝘄𝗮𝘆 𝗘𝗻𝗲𝗿𝗴𝘆 demand.

➤ Power availability could become a critical bottleneck for AI infrastructure growth.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗚𝗿𝗲𝗴 𝗔𝗯𝗲𝗹, Chief Executive of Berkshire Hathaway:

"We are all seeing and feeling the impact"

𝗚𝗿𝗲𝗴 𝗔𝗯𝗲𝗹, Chief Executive of Berkshire Hathaway:

"I've sort of always had the strong view that energy would be the constraint"

𝗚𝗿𝗲𝗴 𝗔𝗯𝗲𝗹, Chief Executive of Berkshire Hathaway:

"We do still see it as a significant opportunity for Berkshire and Berkshire Hathaway Energy."

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Vertiv(VRT.US) Vertiv to Acquire UtilityInnovation Group for $1.45 Billion, Plus Up to $1.15 Billion Earnout

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗩𝗲𝗿𝘁𝗶𝘃 will acquire 𝗨𝘁𝗶𝗹𝗶𝘁𝘆𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗚𝗿𝗼𝘂𝗽 for approximately $𝟭.𝟰𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 cash.

➤ Deal includes up to $𝟭.𝟭𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 additional performance-based cash earnout.

➤ Base purchase price represents approximately 𝟭𝟯𝘅 expected 𝟮𝟬𝟮𝟳 EBITDA.

➤ Acquisition expected to boost 𝗮𝗱𝗷𝘂𝘀𝘁𝗲𝗱 𝗘𝗣𝗦 in the first year.

➤ UIG provides 𝗺𝗶𝗰𝗿𝗼𝗴𝗿𝗶𝗱 controls and power architecture for data centers.

➤ Deal expands Vertiv upstream to 𝗴𝗿𝗶𝗱 𝗶𝗻𝘁𝗲𝗿𝗰𝗼𝗻𝗻𝗲𝗰𝘁 and onsite generation.

➤ Combined portfolio would span power infrastructure from 𝘂𝘁𝗶𝗹𝗶𝘁𝘆 𝘁𝗼 𝗿𝗮𝗰𝗸.

➤ UIG supports grid-connected, 𝗯𝗿𝗶𝗱𝗴𝗲-𝘁𝗼-𝗴𝗿𝗶𝗱 and islanded data center deployments.

➤ Transaction is expected to close in 𝗤𝟰 𝟮𝟬𝟮𝟲.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Expands Vertiv's exposure to rapidly growing 𝗔𝗜 𝗱𝗮𝘁𝗮 𝗰𝗲𝗻𝘁𝗲𝗿 power demand.

➤ Adds critical capabilities for sites facing constrained 𝘂𝘁𝗶𝗹𝗶𝘁𝘆 𝗴𝗿𝗶𝗱 access.

➤ Broadens Vertiv beyond cooling and power into 𝗺𝗶𝗰𝗿𝗼𝗴𝗿𝗶𝗱 infrastructure.

➤ Could help customers accelerate data center deployment and 𝘁𝗶𝗺𝗲-𝘁𝗼-𝗰𝗼𝗺𝗽𝘂𝘁𝗲.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗚𝗶𝗼 𝗔𝗹𝗯𝗲𝗿𝘁𝗮𝘇𝘇𝗶, Chief Executive Officer of Vertiv:

"For AI data center operators, competitive advantage increasingly depends on how quickly they can move from site selection to first token. With UIG, we anticipate extending that portfolio upstream to the utility interconnect and onsite power sources, creating a coordinated architecture from source to chip without tying customers to a single generation technology or supplier."

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $Applied Optoelectronics(AAOI.US) Applied Optoelectronics Signs Major Long-Term Houston Leases

Applied Optoelectronics entered into two lease agreements with Hightower Phase II Owner, LLC for industrial buildings in Houston, Texas. Building 4 comprises approximately 356,186 sq ft at 17331 Chimney Rock Road with monthly basic rent starting at $220,835, escalating to $307,582 by Lease Months 109-120.

Building 5 spans approximately 737,621 sq ft at 17433 Chimney Rock Road with monthly basic rent beginning at $457,325, increasing to $636,968 by Lease Months 109-120. Both leases have 120-month initial terms, with substantial completion anticipated 16 months post-signing.

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Navitas Targets September Shipments of U.S.-Made Gen 5 GaNFast Chips With GlobalFoundries - $Navitas Semiconductor(NVTS.US) $GlobalFoundries(GFS.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗡𝗮𝘃𝗶𝘁𝗮𝘀 targets first 𝗚𝗲𝗻 𝟱 𝗚𝗮𝗡𝗙𝗮𝘀𝘁 wafer shipments in September.

➤ Production uses 𝗚𝗹𝗼𝗯𝗮𝗹𝗙𝗼𝘂𝗻𝗱𝗿𝗶𝗲𝘀' 𝟮𝟬𝟬𝗺𝗺 Vermont GaN-on-silicon facility.

➤ Initial portfolio includes 𝟲𝟱𝟬-𝘃𝗼𝗹𝘁 GaN power FETs.

➤ Products span 𝗥𝗗𝗦(𝗢𝗡) values from 𝟭𝟭𝗺Ω to 𝟭𝟱𝟬𝗺Ω.

➤ Internal samples are scheduled for 𝗢𝗰𝘁𝗼𝗯𝗲𝗿.

➤ Strategic customer samples are targeted before 𝟮𝟬𝟮𝟲 year-end.

➤ Gen 5 targets 𝗔𝗜 infrastructure and high-performance computing applications.

➤ Technology also targets industrial electrification and 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 applications.

➤ Navitas reports over 𝟯𝟬𝟬 issued and pending GaN/SiC patents.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Establishes a 𝗨.𝗦.-𝗱𝗼𝗺𝗲𝘀𝘁𝗶𝗰 manufacturing source for Navitas' advanced GaN technology.

➤ Could strengthen domestic supply resilience for critical 𝗔𝗜 power infrastructure.

➤ 𝗚𝗮𝗡 power chips can enable efficient power conversion in compute systems.

➤ September shipments mark a key step toward broader 𝗚𝗲𝗻 𝟱 commercialization.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗖𝗵𝗿𝗶𝘀 𝗔𝗹𝗹𝗲𝘅𝗮𝗻𝗱𝗿𝗲, President and CEO of Navitas:

"Together with GlobalFoundries, we have established a trusted US-domestic manufacturing source for our GaNFast Gen 5 and future generations, which will play a critical role in powering AI infrastructure and high-performance computing while strengthening the resilience of the U.S. semiconductor ecosystem"

𝗞𝗮𝗻𝗻𝗮𝗻 𝗦𝗼𝘂𝗻𝗱𝗮𝗿𝗮𝗽𝗮𝗻𝗱𝗶𝗮𝗻, Senior Vice President of GlobalFoundries' Power Business:

"demonstrates how GF and Navitas are turning advanced GaN innovation into a secure, scalable domestic supply."

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Intuitive Machines(LUNR.US) Intuitive Machines Wins Contract to Build Two IM 300 Spacecraft for New Customer

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗜𝗻𝘁𝘂𝗶𝘁𝗶𝘃𝗲 𝗠𝗮𝗰𝗵𝗶𝗻𝗲𝘀 awarded contract for two 𝗜𝗠 𝟯𝟬𝟬 platforms.

➤ Contract introduces a 𝗻𝗲𝘄 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 segment for the spacecraft platform.

➤ Customer identity and 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝘃𝗮𝗹𝘂𝗲 were not disclosed.

➤ 𝗜𝗠 𝟯𝟬𝟬 supports mission-specific configurations and compressed delivery timelines.

➤ Modular architecture accommodates 𝗵𝗲𝗮𝘃𝗶𝗲𝗿, 𝗵𝗶𝗴𝗵𝗲𝗿-𝗽𝗼𝘄𝗲𝗿 payload classes.

➤ Platform supports commercial, civil, and 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 missions.

➤ IM 300 supports both 𝗼𝗽𝘁𝗶𝗰𝗮𝗹 and 𝗥𝗙 inter-satellite crosslinks.

➤ Customers can select 𝗰𝗵𝗲𝗺𝗶𝗰𝗮𝗹 or 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰 propulsion configurations.

➤ Spacecraft are manufactured at Intuitive Machines' 𝗣𝗮𝗹𝗼 𝗔𝗹𝘁𝗼 production facility.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Expands 𝗜𝗻𝘁𝘂𝗶𝘁𝗶𝘃𝗲 𝗠𝗮𝗰𝗵𝗶𝗻𝗲𝘀 beyond its existing IM 300 customer base.

➤ Demonstrates demand for rapidly produced, 𝗺𝗶𝘀𝘀𝗶𝗼𝗻-𝗰𝗼𝗻𝗳𝗶𝗴𝘂𝗿𝗮𝗯𝗹𝗲 spacecraft.

➤ Serial manufacturing could support faster scaling of 𝘀𝗮𝘁𝗲𝗹𝗹𝗶𝘁𝗲 𝗰𝗼𝗻𝘀𝘁𝗲𝗹𝗹𝗮𝘁𝗶𝗼𝗻𝘀.

➤ Multi-mission capability broadens potential 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 and government opportunities.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗖𝗵𝗿𝗶𝘀 𝗝𝗼𝗵𝗻𝘀𝗼𝗻, President of Intuitive Machines Space Systems:

“This contract demonstrates that the IM 300 can serve multiple missions with various customers. The modularity of the IM 300 enabled us to scale its capability to support a heavier, higher-power payload class,"

⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $Cerebras(CBRS.US) Cerebras Announces 165 MW Finland AI Data Center, With Up to €1.7 Billion Regional Investment

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗖𝗲𝗿𝗲𝗯𝗿𝗮𝘀 and 𝗖𝗼𝗺𝗽𝘂𝘁𝗲 𝗡𝗼𝗿𝗱𝗶𝗰 announce new Finland AI data center.

➤ Mikkeli facility will scale to 𝗜𝟲𝟱 𝗠𝗪 of contracted IT capacity.

➤ Construction of the initial 𝟱𝟬 𝗠𝗪 phase is already underway.

➤ Capacity will expand from 𝟱𝟬 𝗠𝗪 to 𝟴𝟬 𝗠𝗪, then 𝟭𝟲𝟱 𝗠𝗪.

➤ Service orders carry 𝘀𝗲𝘃𝗲𝗻-𝘆𝗲𝗮𝗿 contract terms supporting long-term capacity.

➤ Full-scale regional investment is estimated at €𝟭.𝟬–€𝟭.𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Project could support 𝟴𝟬–𝟮𝟱𝟬 direct permanent jobs at full scale.

➤ Estimated property-tax revenue reaches €𝟬.𝟴–€𝟮.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 annually.

➤ Facility incorporates 𝗰𝗹𝗼𝘀𝗲𝗱-𝗹𝗼𝗼𝗽 𝗰𝗼𝗼𝗹𝗶𝗻𝗴 and waste-heat recovery capabilities.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Gives Cerebras substantial 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗔𝗜 𝗰𝗼𝗺𝗽𝘂𝘁𝗲 capacity in Europe.

➤ Seven-year contracts reduce speculative risk behind the phased infrastructure expansion.

➤ Strengthens Finland's position within Europe's rapidly expanding 𝗔𝗜 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 market.

➤ Creates potentially significant long-term employment, investment, and tax benefits for Mikkeli.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗣𝘆𝗿𝘆 𝗩𝗶𝗿𝗿𝗮𝗻𝘁𝗮𝘂𝘀, CEO of Compute Nordic Finland:

"This partnership with Cerebras is not a speculative bet on future demand — it's a contractually committed, phased build-out that reflects exactly how much AI compute the market needs today and where that need is heading. We are proud to build that capacity in Mikkeli, alongside a partner network of local and national organizations who are ready to deliver the project and build the workforce it requires."

𝗔𝗻𝗱𝗿𝗲𝘄 𝗙𝗲𝗹𝗱𝗺𝗮𝗻, CEO and co-founder, Cerebras:

"Our architecture is built to get more useful AI output out of every megawatt we deploy. Mikkeli lets us pair that efficiency with a data centre designed for closed-loop cooling and heat reuse from the ground up."

𝗣𝘆𝗿𝘆 𝗩𝗶𝗿𝗿𝗮𝗻𝘁𝗮𝘂𝘀, CEO of Compute Nordic Finland:

"The clearest measure of a project like this isn't the number of construction jobs it creates upfront; it's what remains ten or twenty years later. We looked at permanent employment, workforce pathways, local suppliers, and durable economic activity when building this out in Mikkeli."

$Apple(AAPL.US) | Rosenblatt 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝘀 𝗡𝗲𝘂𝘁𝗿𝗮𝗹 on 𝗔𝗽𝗽𝗹𝗲, raises PT to $𝟯𝟬𝟯 from $𝟯𝟬𝟬

Analyst sees higher estimates but keeps Neutral as Apple's premium valuation already assumes success.

$Snowflake(SNOW.US) | Cantor Fitzgerald 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝘀 𝗢𝘃𝗲𝗿𝘄𝗲𝗶𝗴𝗵𝘁 on 𝗦𝗻𝗼𝘄𝗳𝗹𝗮𝗸𝗲 𝗜𝗻𝗰., raises PT to $𝟰𝟬𝟱 from $𝟮𝟴𝟮

Analyst sees strong checks supporting another F2Q27 beat/raise, with robust core usage and strong Cortex Code adoption.

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $NVIDIA(NVDA.US) NVIDIA Invests $3.5 Billion in MediaTek as Companies Expand AI Partnership

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗡𝗩𝗜𝗗𝗜𝗔 invests $𝟯.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in MediaTek convertible bonds.

➤ 𝗠𝗲𝗱𝗶𝗮𝗧𝗲𝗸 will adopt NVIDIA's 𝗡𝗩𝗟𝗶𝗻𝗸 𝗙𝘂𝘀𝗶𝗼𝗻 platform.

➤ Collaboration spans 𝗔𝗜 infrastructure, local computing, and automotive platforms.

➤ NVLink Fusion enables custom 𝗫𝗣𝗨𝘀 for rack-scale AI factories.

➤ Platform targets 𝗵𝘆𝗽𝗲𝗿𝘀𝗰𝗮𝗹𝗲𝗿𝘀, cloud providers, and frontier model developers.

➤ Companies will collaborate across future 𝗥𝗧𝗫 𝗦𝗽𝗮𝗿𝗸 and 𝗗𝗚𝗫 𝗦𝗽𝗮𝗿𝗸 chips.

➤ MediaTek previously collaborated on NVIDIA's 𝗚𝗕𝟭𝟬 𝗚𝗿𝗮𝗰𝗲 𝗕𝗹𝗮𝗰𝗸𝘄𝗲𝗹𝗹 𝗦𝘂𝗽𝗲𝗿𝗰𝗵𝗶𝗽.

➤ Partnership extends into 𝗔𝗜-powered, software-defined automotive platforms.

➤ NVLink Fusion could accelerate deployment of 𝘀𝗲𝗺𝗶-𝗰𝘂𝘀𝘁𝗼𝗺 𝗔𝗜 factories.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ $𝟯.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 investment significantly deepens NVIDIA's strategic relationship with MediaTek.

➤ Expands NVIDIA's ecosystem beyond GPUs into 𝗰𝘂𝘀𝘁𝗼𝗺 𝗔𝗜 𝘀𝗶𝗹𝗶𝗰𝗼𝗻.

➤ Gives MediaTek greater exposure to rapidly expanding 𝗔𝗜 𝗱𝗮𝘁𝗮 𝗰𝗲𝗻𝘁𝗲𝗿 spending.

➤ Collaboration broadens both companies' reach across 𝗰𝗹𝗼𝘂𝗱, 𝗣𝗖𝘀, and vehicles.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗝𝗲𝗻𝘀𝗲𝗻 𝗛𝘂𝗮𝗻𝗴, Founder and CEO of NVIDIA:

“AI is transforming every computing platform — from the world’s largest AI factories to the PC and the car,” said Jensen Huang, founder and CEO of NVIDIA. “MediaTek is one of the world’s great semiconductor companies, with exceptional expertise in system-on-chip design, connectivity, leading performance and power efficiency. Together, we’re building platforms that bring NVIDIA accelerated computing to new markets and give customers the freedom to create differentiated AI systems at enormous scale.”

𝗥𝗶𝗰𝗸 𝗧𝘀𝗮𝗶, Vice Chairman and CEO of MediaTek:

“MediaTek and NVIDIA share a vision for making advanced AI computing pervasive across the technology landscape,” said Rick Tsai, vice chairman and CEO of MediaTek. “NVIDIA’s investment strengthens a collaboration that spans cloud AI infrastructure, local AI computing and automotive in the era of physical AI. By combining NVIDIA’s leadership in accelerated computing and AI software ecosystem with MediaTek’s expertise in a diverse AI technology portfolio from edge to cloud, and our leadership position in custom silicon, we can accelerate innovation for our customers.”

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: AMD, Cisco and HUMAIN Launch Production AI Infrastructure in Saudi Arabia - $AMD(AMD.US) $Cisco(CSCO.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗔𝗠𝗗, 𝗖𝗶𝘀𝗰𝗼 and 𝗛𝗨𝗠𝗔𝗜𝗡 launch production AI compute in Saudi Arabia.

➤ Infrastructure uses 𝗔𝗠𝗗 𝗜𝗻𝘀𝘁𝗶𝗻𝗰𝘁 𝗠𝗜𝟯𝟱𝟱𝗫 GPUs and 𝗘𝗣𝗬𝗖 CPUs.

➤ 𝗖𝗶𝘀𝗰𝗼 𝗦𝗶𝗹𝗶𝗰𝗼𝗻 𝗢𝗻𝗲 and 𝟴𝟬𝟬𝗚 optics power AI networking.

➤ HUMAIN now provides 𝗚𝗣𝗨-𝗮𝘀-𝗮-𝘀𝗲𝗿𝘃𝗶𝗰𝗲 for training and inference workloads.

➤ Partners plan up to 𝟮𝟱𝟬 𝗠𝗪 of additional AI infrastructure.

➤ Expansion begins in 𝟮𝟬𝟮𝟳 using 𝗔𝗠𝗗 𝗜𝗻𝘀𝘁𝗶𝗻𝗰𝘁 𝗠𝗜𝟰𝟬𝟬 Series GPUs.

➤ New capacity is expected online beginning in 𝗛𝟮 𝟮𝟬𝟮𝟳.

➤ Joint venture targets up to 𝟭 𝗚𝗪 of AI infrastructure by 𝟮𝟬𝟯𝟬.

➤ Platform targets 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝗔𝗜 customers with locally operated infrastructure.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Marks a major production deployment for 𝗔𝗠𝗗's latest AI accelerators.

➤ Planned 𝟭 𝗚𝗪 buildout signals substantial long-term AI infrastructure demand.

➤ Strengthens 𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮's ambitions as a global sovereign AI hub.

➤ Expands 𝗔𝗠𝗗 and 𝗖𝗶𝘀𝗰𝗼 exposure to large-scale AI infrastructure spending.

➤ Offers customers greater control over 𝗱𝗮𝘁𝗮, models, deployment and governance.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗗𝗿. 𝗟𝗶𝘀𝗮 𝗦𝘂, Chair and CEO, AMD:

“Bringing AMD Instinct systems online in Saudi Arabia is an important milestone in our work with HUMAIN,” said Dr. Lisa Su, chair and CEO, AMD. “Together, we are building an open, high-performance AI platform that is serving customers today and will scale significantly in the coming years. With AMD Instinct GPUs, EPYC CPUs and ROCm open software at the foundation, we are expanding the compute capacity needed to advance AI innovation across the Kingdom and globally.”

𝗧𝗮𝗿𝗲𝗾 𝗔𝗺𝗶𝗻, CEO, HUMAIN:

“Putting this infrastructure into production demonstrates HUMAIN’s ability to build, operate and deliver advanced AI infrastructure at scale,” said Tareq Amin, CEO, HUMAIN. “Demand for sovereign, high-performance AI infrastructure continues to grow, and together with AMD and Cisco, we are expanding Saudi Arabia’s role as a platform serving customers across the Kingdom, the region and globally.”

𝗖𝗵𝘂𝗰𝗸 𝗥𝗼𝗯𝗯𝗶𝗻𝘀, Chair and CEO, Cisco:

“The true power of AI lies in its potential to solve some of the world’s most complex challenges,” said Chuck Robbins, chair and CEO, Cisco. “The region is moving quickly from AI investment to delivery, and through our work with HUMAIN and AMD, Cisco is building the critical infrastructure to make AI vision a reality – in the Kingdom and beyond.”

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Kratos Defense & Security(KTOS.US) Kratos Secures Approximately $35 Million National Security Hardware Production Award

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗞𝗿𝗮𝘁𝗼𝘀 receives approximately $𝟯𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 military hardware production award.

➤ Award supports a 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆-related program.

➤ Produced hardware will directly support 𝘄𝗮𝗿𝗳𝗶𝗴𝗵𝘁𝗲𝗿𝘀 in the field.

➤ Program work will be performed at a 𝘀𝗲𝗰𝘂𝗿𝗲 𝗞𝗿𝗮𝘁𝗼𝘀 facility.

➤ Kratos currently supports multiple U.S. national security 𝗽𝗿𝗼𝗴𝗿𝗮𝗺𝘀 𝗼𝗳 𝗿𝗲𝗰𝗼𝗿𝗱.

➤ Production capabilities span 𝗵𝘆𝗽𝗲𝗿𝘀𝗼𝗻𝗶𝗰𝘀, air defense, missiles, and radars.

➤ Kratos also supports 𝗰𝗼𝘂𝗻𝘁𝗲𝗿-𝗨𝗔𝗦 and high-powered directed-energy initiatives.

➤ Additional contract details remain undisclosed due to 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 considerations.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Adds approximately $𝟯𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to Kratos' defense production awards.

➤ Reinforces demand for Kratos' 𝗺𝗶𝗹𝗶𝘁𝗮𝗿𝘆-𝗴𝗿𝗮𝗱𝗲 hardware manufacturing capabilities.

➤ Expands exposure to high-priority U.S. 𝗱𝗲𝗳𝗲𝗻𝘀𝗲 and national security programs.

➤ Highlights Kratos' role in producing systems for operational military deployment.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗧𝗼𝗺 𝗠𝗶𝗹𝗹𝘀, President of Kratos C5ISR:

“Kratos is a recognized industry leader in the engineering and large-scale production of military grade hardware in support of certain of the United States’ and its allies’ most important National Security programs and initiatives. If a customer wants its product or system engineered correctly up front, for successful, on-schedule, on-budget production, we believe that we are the preferred, go to partner.”

𝗘𝗿𝗶𝗰 𝗗𝗲𝗠𝗮𝗿𝗰𝗼, Kratos’ President and CEO:

“Kratos’ C5ISR Business is a crown jewel of Kratos and a national asset for our country. Kratos has the workforce, infrastructure, technical capability and past performance qualifications to successfully complete the mission and engineer and build mil-spec hardware and weapon systems correctly the first time for our partners and customers.”

📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: Meta on Track to Surpass Google Search in Ad Revenue Before End of 2026, Bernstein Says - $Meta Platforms(META.US) $Alphabet(GOOGL.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗠𝗲𝘁𝗮 could surpass 𝗚𝗼𝗼𝗴𝗹𝗲 𝗦𝗲𝗮𝗿𝗰𝗵 advertising revenue before 2026 ends.

➤ Bernstein says Meta captured nearly 𝗵𝗮𝗹𝗳 of incremental Q2 digital ad dollars.

➤ Meta may already match Google Search excluding 𝗠𝗮𝗽𝘀 and 𝗚𝗺𝗮𝗶𝗹 advertising.

➤ 𝗔𝗜 is accelerating recommendations, engagement, targeting, and advertising conversions.

➤ Meta uses AI to predict 𝗰𝗼𝗻𝘁𝗲𝗻𝘁 and ad engagement.

➤ 𝗠𝗲𝘁𝗮, 𝗚𝗼𝗼𝗴𝗹𝗲, and 𝗔𝗺𝗮𝘇𝗼𝗻 are posting strong advertising growth.

➤ Large platforms benefit from superior 𝗱𝗮𝘁𝗮, automation, targeting, and measurement.

➤ 2026 advertising growth is substantially exceeding analysts' 𝟮𝟬𝟮𝟰 expectations.

➤ E-commerce companies are benefiting from improved 𝗿𝗲𝘁𝘂𝗿𝗻 𝗼𝗻 𝗮𝗱 𝘀𝗽𝗲𝗻𝗱.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Overtaking Google Search would mark a major 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝗱𝘃𝗲𝗿𝘁𝗶𝘀𝗶𝗻𝗴 power shift.

➤ AI improvements could strengthen Meta's 𝗮𝗱 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 and monetization potential.

➤ Results suggest AI spending is translating into measurable 𝗮𝗱𝘃𝗲𝗿𝘁𝗶𝘀𝗶𝗻𝗴 returns.

➤ Scale advantages could further concentrate growth among dominant 𝗮𝗱 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺𝘀.

$Alibaba(BABA.US) | BofA Securities 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗕𝘂𝘆 on 𝗔𝗹𝗶𝗯𝗮𝗯𝗮 𝗚𝗿𝗼𝘂𝗽, maintains PT at $𝟭𝟳𝟮

Analyst sees dilution and capex concerns offset by strong cloud guidance, improving AI economics and sequential free-cash-flow recovery.

$Hims & Hers Health(HIMS.US) | Barclays 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝘀 𝗢𝘃𝗲𝗿𝘄𝗲𝗶𝗴𝗵𝘁 on 𝗛𝗶𝗺𝘀 & 𝗛𝗲𝗿𝘀 𝗛𝗲𝗮𝗹𝘁𝗵, cuts PT to $𝟯𝟱 from $𝟯𝟵

Analyst sees faster revenue growth but near-term margin pressure from investments supporting growth.

$Strive(ASST.US) | Benchmark 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗕𝘂𝘆 on 𝗦𝘁𝗿𝗶𝘃𝗲 𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲𝘀, maintains PT at $𝟯𝟮

Analyst sees Strive as having perhaps the most advanced risk-management approach in the digital asset treasury space.

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Super Micro Computer(SMCI.US) Supermicro Completes Internal Probe Into Employee Export-Control Indictment

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗦𝘂𝗽𝗲𝗿𝗺𝗶𝗰𝗿𝗼 completes independent investigation into alleged export-control violations.

➤ Federal indictment involved 𝘁𝘄𝗼 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 and one contractor.

➤ 𝗦𝘂𝗽𝗲𝗿𝗺𝗶𝗰𝗿𝗼 was not charged or accused of wrongdoing.

➤ All 𝘁𝗵𝗿𝗲𝗲 𝗶𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹𝘀 no longer have company relationships.

➤ Probe found no current 𝘀𝗲𝗻𝗶𝗼𝗿 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 knowledge of alleged diversion.

➤ No direct sales to known 𝗿𝗲𝘀𝘁𝗿𝗶𝗰𝘁𝗲𝗱 𝗽𝗮𝗿𝘁𝗶𝗲𝘀 were identified.

➤ Investigation found no related unreliability in previously issued 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀.

➤ Supermicro terminated employees who violated 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀 or conduct standards.

➤ Board adopted all recommended enhancements to 𝗲𝘅𝗽𝗼𝗿𝘁 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 controls.

➤ Company continues cooperating with relevant 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗮𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝗶𝗲𝘀.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Findings reduce concerns about broader 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 involvement in alleged violations.

➤ Financial-statement finding may ease concerns over potential 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 implications.

➤ Stronger compliance controls could reduce future 𝗲𝘅𝗽𝗼𝗿𝘁-𝗰𝗼𝗻𝘁𝗿𝗼𝗹 risks.

➤ Ongoing government investigations remain an important 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 consideration for investors.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗦𝗰𝗼𝘁𝘁 𝗔𝗻𝗴𝗲𝗹, Lead Independent Director:

"The independent directors support the actions the Company has already taken to bolster its internal policies and procedures, as well as the additional enhancements that will be implemented."

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Micron Tech(MU.US) Micron Unveils U.S. Research Labs Backed by Planned $10 Billion AI-Era Investment

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗠𝗶𝗰𝗿𝗼𝗻 unveils U.S.-based 𝗠𝗶𝗰𝗿𝗼𝗻 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗟𝗮𝗯𝘀 headquartered in Boise.

➤ Micron plans to invest $𝟭𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 over the next decade.

➤ Research will target 𝗺𝗲𝗺𝗼𝗿𝘆, compute architectures, packaging, and semiconductor manufacturing.

➤ Micron calls it America's first dedicated 𝗺𝗲𝗺𝗼𝗿𝘆 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗵𝘂𝗯.

➤ Boise facility is expected to host 𝗵𝘂𝗻𝗱𝗿𝗲𝗱𝘀 𝗼𝗳 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵𝗲𝗿𝘀.

➤ Micron expects to break ground on the facility in 𝟮𝟬𝟮𝟳.

➤ Labs will connect 𝗮𝗰𝗮𝗱𝗲𝗺𝗶𝗮, government, startups, customers, and semiconductor companies.

➤ Research network will include university collaborations and 𝗴𝗹𝗼𝗯𝗮𝗹 𝘀𝗮𝘁𝗲𝗹𝗹𝗶𝘁𝗲 𝗹𝗮𝗯𝘀.

➤ Investment is separate from Micron's previously committed $𝟮𝟱𝟬+ 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 U.S. plans.

➤ Those broader U.S. investments are expected to create 𝟵𝟬,𝟬𝟬𝟬+ 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗷𝗼𝗯𝘀.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Strengthens U.S. research capacity for increasingly critical 𝗔𝗜 𝗺𝗲𝗺𝗼𝗿𝘆 technologies.

➤ Could accelerate breakthroughs beyond today's semiconductor technology roadmaps.

➤ Deepens Micron's strategic position as America's leading-edge 𝗺𝗲𝗺𝗼𝗿𝘆 manufacturer.

➤ Collaboration could shorten paths from fundamental research to commercial AI hardware.

➤ Long-horizon investment supports U.S. competitiveness across 𝗔𝗜 and semiconductor manufacturing.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗦𝗮𝗻𝗷𝗮𝘆 𝗠𝗲𝗵𝗿𝗼𝘁𝗿𝗮, Chairman, President and CEO of Micron Technology:

“The decisions we make today will determine who leads the AI economy of tomorrow, and America's AI future will be built on American-made memory," said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. "With a planned $10 billion investment in Micron Research Labs, we are looking around the corner to the memory and compute systems the future will demand, bringing together the best minds across academia, government, startups and industry. This builds on the more than $250 billion we have separately committed to manufacturing and R&D across the United States, because as the only U.S.-based manufacturer of memory, we have long believed in the future that AI is now making real.”

𝗦𝗰𝗼𝘁𝘁 𝗗𝗲𝗕𝗼𝗲𝗿, Executive Vice President and Chief Technology and Products Officer at Micron Technology:

“For nearly 50 years, from four people in a Boise basement to America's memory leader, Micron has pushed the boundaries of what memory can do,” said Scott DeBoer, Executive Vice President and Chief Technology and Products Officer at Micron Technology. "Micron Research Labs gives that legacy a dedicated home for long-horizon innovation, the kind of research that sits upstream of every product we build.”

𝗛𝗼𝘄𝗮𝗿𝗱 𝗟𝘂𝘁𝗻𝗶𝗰𝗸, Secretary of Commerce:

"Memory is a core component of America's technological leadership, and under President Trump, the United States is advancing domestic semiconductor capabilities. Today, Micron announced the establishment of the first dedicated Memory Research Lab along with a $10 billion investment in memory research. This commitment will strengthen American innovation, create hundreds of jobs and ensure memory never limits innovation."

𝗠𝗶𝗰𝗵𝗮𝗲𝗹 𝗞𝗿𝗮𝘁𝘀𝗶𝗼𝘀, Director of the White House Office of Science and Technology Policy:

“Micron’s establishment of the first dedicated memory research lab in the United States advances the Trump Administration’s mission to secure our nation’s technological edge. Memory is fundamental to the AI era, and by uniting the entire innovation ecosystem here at home, we can help ensure the next generation of breakthroughs are invented, developed, and scaled in America. This investment strengthens our national competitiveness and accelerates the path to the AI-driven Golden Age of American Innovation.”

𝗝𝗲𝗻𝘀𝗲𝗻 𝗛𝘂𝗮𝗻𝗴, Founder and CEO, NVIDIA:

"Micron is taking on one of the great challenges of the AI era — reinventing memory technologies and architectures to fuel the next generation of increasingly powerful AI systems. By bringing together advanced manufacturing and the broader technology ecosystem, Micron is helping drive the breakthroughs that will define the next era of AI and computing.”

𝗧𝗶𝗺 𝗖𝗼𝗼𝗸, CEO, Apple:

“For more than two decades, Micron has been an important partner, providing memory technologies for Apple's groundbreaking products that people love and use every day around the world. With the launch of Micron Research Labs, they are building on a legacy of leadership in semiconductor research to drive breakthroughs in memory and computing for decades to come. Apple believes deeply in American innovation, and we’re proud to support Micron as it expands leading-edge manufacturing and R&D in the United States.”

𝗚𝗮𝗿𝘆 𝗗𝗶𝗰𝗸𝗲𝗿𝘀𝗼𝗻, President and CEO, Applied Materials:

“Sustained technology leadership requires innovation in both semiconductor research and manufacturing. As memory and computing architectures become increasingly complex, advances in new materials, equipment, process technology and chip packaging will play an essential role in turning breakthrough ideas into reality. Applied Materials has been partnering with Micron for decades, and we are excited to support the new Micron Research Labs in enabling innovations that will advance the future of AI and semiconductor technology in the United States.”

𝗧𝗶𝗺 𝗔𝗿𝗰𝗵𝗲𝗿, President and CEO, Lam Research:

"At Lam, we've seen that breakthroughs in semiconductor performance require advances across the entire technology stack, from materials and process technologies to device architectures and system innovation. Micron Research Labs is a meaningful investment in the long-term research ecosystem that fuels these advances. By connecting leading researchers across industry, academia and government, Micron is helping to accelerate the discoveries that will keep America at the forefront of AI and computing."

𝗧𝘀𝘂-𝗝𝗮𝗲 𝗞𝗶𝗻𝗴 𝗟𝗶𝘂, President, National Academy of Engineering:

“Future intelligent systems will be shaped by engineers who advance the frontiers of semiconductor devices and advanced manufacturing, for more affordable and energy-efficient computing and innovative memory solutions. Micron Research Labs represents a powerful commitment to support collaborative, long-horizon research and to develop the engineering talent our nation needs. By connecting industry, universities and government, this new hub of discovery and innovation will strengthen the U.S. semiconductor ecosystem to keep America at the leading edge.”

𝗟𝘂𝗰 𝗩𝗮𝗻 𝗱𝗲𝗻 𝗵𝗼𝘃𝗲, Chairman, Interuniversity Microelectronics Centre (imec):

"By bringing together expertise from industry, academia and government, Micron is strengthening the global innovation ecosystem that underpins semiconductor progress. The challenges facing the industry, from AI-driven computing to next-generation memory technologies, are too complex for any one organization to solve alone. At imec, we believe deeply in the power of precompetitive collaboration, and our long-standing partnership with Micron demonstrates how shared research can create impact across the broader semiconductor ecosystem. We look forward to building on that partnership and advancing the breakthroughs that will shape the future of computing.”

𝗝𝗼𝗻𝗮𝘁𝗵𝗮𝗻 𝗟𝗲𝘃𝗶𝗻, President, Stanford University:

“Innovation is about turning bold ideas into discoveries that change the world. Micron Research Labs reflects the kind of long-term investment in fundamental research and innovation that is needed to keep America at the forefront. I look forward to the collaborations the Labs will enable with academic institutions to advance the science of memory and computing, and power the next era of discovery.”

𝗝𝗶𝗺 𝗗𝗮𝘃𝗶𝘀, President, The University of Texas at Austin:

“Sustained investments in research will secure our future leadership in computing, semiconductors, and AI. As a founding member of the Texas Institute for Electronics, Micron is a strategic partner to UT Austin and a leading-edge US-based memory provider. Micron understands the power of both academic and industry research and is driving innovation in the national security sector. This investment is the kind of long-term commitment that will produce breakthroughs and unlock new opportunities for our students, researchers, and industry partners.”