Micron bytes into $1T
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 27 May 2026
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers Wednesday: ZS, APPS, and more
America’s trillion-dollar club just got bigger
Goldman lifts S&P 500 target to 8,000 on robust earnings growth
OpenAI's Altman realizes AI can't replace 'human part' of work
Zscaler tumbles as mixed guidance outshines strong Q3 results
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this Wednesday, May 27th. I'm Julie Morgan. |
| 0:14.2 | Micron Technology rocket at 19.3% on Tuesday to close at 89588. M.U continues to shine. It's up about 4% in pre-market action. |
| 0:26.0 | The Memory Maker's market cap also surpassed the hollowed $1 trillion mark, closing at $1.01 trillion. |
| 0:33.4 | There are only 11 other companies with market caps currently at or above $1 trillion. |
| 0:39.8 | Micron certainly has room to run as UBS increased its price target to $1,625. |
| 0:46.6 | By the way, that lines up perfectly with a story that was just written this morning. |
| 0:50.7 | It's called America's trillion dollar club just got bigger. |
| 0:55.9 | I'm leaving a link for you in the show notes section. Other memory and storage stocks also showed strong finishes on Tuesday. |
| 1:02.6 | Western Digital jumped 8.3% to close at a record high of 52465. Evercour raised its price target on the stock to $575. Seagate Technology and Sandus |
| 1:16.4 | climbed by 4% and 7.5% respectively. According to a new report from Goldman, Sacks hedge funds and |
| 1:23.8 | mutual funds are continuing a dramatic rotation out of software stocks and deeper into |
| 1:29.2 | semiconductors, which underscores how investors are repositioning for the next phase of the AI-driven |
| 1:35.2 | market rally. Samsung Electronics Union members have approved a profit-sharing deal, securing |
| 1:42.2 | massive annual bonuses and averting a major strike. |
| 1:46.0 | Under the agreement, around 78,000 employees out of 125,000 will each be eligible to receive |
| 1:53.1 | a bonus of roughly $370,000 this year, based on a market estimate of annual operating profit. |
| 2:00.9 | The Workers' Union said more than 73% of its members backed the agreement, |
| 2:06.4 | which was struck last week after threats of an 18-day strike |
| 2:09.9 | that had raised fears over the impact on the country's economy. |
| 2:13.8 | Under the 10-year deal that is tied to ambitious performance targets, annual bonuses for employees in the semiconductor division would amount to 10.5% of the segments operating profit and be paid in shares, alongside an additional 1.5% in cash. |
| 2:32.1 | Sticking with Samsung, the company plans to invest $1.5 billion to build its first semiconductor |
... |
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