Micron To Pour $10 Billion Into US Hub To Invent Post-DRAM AI Tech

Citadel reduced its exposure from Situational Awareness' portfolio by 80%, executing over 100 block trades worth $4 billion. Ken Griffin cited Citadel's ability to evaluate risks and execute trades quickly. The portfolio focused on AI infrastructure companies like Sandisk and Micron, which saw significant declines in July.

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.

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.

BMO Capital Markets initiated coverage of semiconductor and quantum computing sectors, favoring AI-exposed and analog chipmakers. Nvidia (top pick) received an Outperform rating and $340 target, with expected revenue growth of 84% and 50% in FY27 and 2028. Other picks include Broadcom, Micron, AMD, Marvell, Semtech, Analog Devices, Microchip, and Impinj. BMO predicts a memory market supercycle and AI-driven capex growth.