Citadel unwinds 80% of Situational Awareness portfolio

Micron plans to invest $10 billion over a decade to establish Micron Research Labs in Boise, Idaho, focusing on post-DRAM technologies and AI-driven compute systems. This is separate from its $250 billion U.S. manufacturing commitment. The company aims to collaborate with universities, startups, and government agencies. Micron's share price has surged from $226 to over $1,213 since its focus shifted to data centers.

Micron is investing $10bn in a new research lab focused on memory technologies, AI, and semiconductor manufacturing. The company claims AI has permanently increased memory demand, with customers committing to long-term supply agreements. Micron's revenue quadrupled last quarter, and it has secured up to $6.2bn in CHIPS Act funding. However, the stock has shown volatility, and competitors are also expanding capacity.

Harvard University disclosed a $2.2B stake in SpaceX and a $350M stake in Taiwan Semiconductor Manufacturing Company (TSMC) via its endowment. Elite universities are increasingly investing directly in tech companies and venture capital funds, with Harvard opening a San Francisco office to facilitate this. These investments aim to generate returns and support research and innovation.

Micron Technology plans to invest $10 billion over a decade in Micron Research Labs, focusing on memory and semiconductor technologies. The lab, to be based in Boise, Idaho, aims to ease supply-chain bottlenecks and support AI demands, with groundbreaking expected in 2027. The initiative has received support from President Trump's administration and Apple CEO Tim Cook, highlighting its potential impact on U.S. technological leadership and job creation.

Citadel has reduced over 80% of the risk from the portfolio it acquired from Leopold Aschenbrenner's Situational Awareness hedge fund, according to an internal letter by Citadel's head Ken Griffin. Citadel completed over 100 block trades worth over $4 billion. Situational Awareness faced steep losses, forcing it to sell public stock positions. Citadel's Wellington fund returned 5.94% in July, its best since 2022. Situational Awareness lost 67% in July after leveraged bets on AI-related stocks re

Micron Technology (MU) has seen a 741.5% return over the past year, closing at $974.33. Fiscal Q3 2026 earnings were $25.11 per share on $41.46 billion revenue, with Q4 guidance at $50.0 billion revenue and $31.00 EPS. The forward P/E is 22x. Analysts have a $1,521.62 target, while a model suggests a HOLD at $958.92. CEO Sanjay Mehrotra cites AI-driven demand. Downside risks include memory pricing volatility and high capex. Earnings are expected September 28, 2026.