UBS cuts hundreds of jobs amid Credit Suisse integration

The post Micron (MU) Stock Soars Past $1 Trillion: What’s Fueling the Memory Chip Giant’s Epic Rally? appeared on BitcoinEthereumNews.com. Key Takeaways Micron achieved a $1 trillion valuation momentarily on May 26 following UBS’s price target increase to $1,625 — representing the most aggressive forecast among 46 Wall Street firms tracking the company. Shares surged 17.4% that session, extending gains to over 220% year-to-date and a remarkable 830% over the trailing twelve months. Second quarter fiscal results showed revenue climbing nearly threefold to $23.86 billion, while adjusted earnings per share of $12.20 crushed expectations of $9.19. The company’s entire 2026 allocation of HBM (high-bandwidth memory) has been fully committed, with next-generation HBM4 production already underway for Nvidia’s upcoming Vera Rubin architecture. Analyst consensus leans heavily toward “Strong Buy,” with firms pointing to constrained AI memory availability that may extend into 2027. Micron achieved

AI's impact on jobs hinges on adaptation, potentially expanding employment opportunities and driving demand for AI infrastructure investment. The post Nvidia’s Jensen Huang calls AI job concerns ‘complete nonsense’ appeared first on Crypto Briefing.

The post ASML (ASML) Stock Soars 53% in 2026: Is Now the Time to Buy or Stay on the Sidelines? appeared on BitcoinEthereumNews.com. Key Highlights Shares of ASML have surged 53% since the start of 2026 and 120% in the trailing 12 months, reaching a peak near $1,612 First-quarter 2026 earnings exceeded analyst projections, with revenue rising 13% and operating income advancing 15% Morningstar has issued a Sell rating, noting the stock commands a 19% premium above its estimated fair value UBS analysts boosted their price objective to €1,900, while the Street consensus supports a “Moderate Buy” recommendation Proposed US legislation targeting chip equipment exports to China poses a significant headwind for the company ASML shares commenced trading Friday at $1,612.76, hovering close to the 52-week peak of $1,654.20. This represents substantial appreciation from the yearly low of $683.48. ASML Holding N.V., ASML The Netherlands-based semiconductor equipment manufacturer has emerged as a st

The Bank for International Settlements and its partners are moving Project Agorá into real-value testing. The initiative aims to make cross-border bank payments faster and cheaper while keeping compliance checks inside the existing financial system. Project Agorá Links Central Banks on Unified Payment Ledger The Bank for International Settlements is preparing to test a blockchain-based […]

UBS's forecast suggests prolonged high rates could pressure rate-sensitive sectors and speculative markets, impacting economic dynamics. The post UBS warns markets overprice Fed hawkishness, forecasts rate cuts ahead appeared first on Crypto Briefing.

UBS's forecast suggests prolonged high rates could pressure rate-sensitive sectors and speculative markets, impacting economic dynamics. The post UBS warns markets overprice Fed hawkishness, forecasts rate cuts won’t arrive until late 2026 appeared first on Crypto Briefing.

Different models are producing very different assessments of exposure levels

Wix's job cuts highlight the disruptive impact of AI on traditional roles, prompting a reevaluation of workforce strategies and economic models. The post Wix cuts 1,000 jobs, about 20% of workforce, as AI reshapes the company from the inside appeared first on Crypto Briefing.