Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Thanks so much for joining me on this Wednesday, the 7th of January. I'm Julie Morgan.

Memory and storage stock surged on Tuesday. China is taking a closer look at Meta's AI deal,

and Discord is gearing up for Wall Street.

Memory and storage stocks jumped again on Tuesday.

Sandisk was up nearly 28%.

Western Digital and Seagate technology were also up double digits, gaining 17 and 14 percent respectively. Micron was up 10 percent.

Micron reported its most recent quarterly results and guidance in December that were significantly

better than expected. As such, a number of Wall Street firms said the company is in the midst of a

super cycle. Memory, in particular

high bandwidth memory, has experienced a shortage as data centers and GPUs gobble up memory

for their needs. It was reported earlier this week that Samsung Electronics and S.K. Heenix,

the two biggest memory makers are discussing raising prices for server

memory by up to 70% in the first quarter. By the way, Micron, ticker symbol, M.U, is one of the top

stocks of 2026. The complete list was released on Tuesday. If you registered for the event, but you weren't able to make it, be sure to check your

email.

You should have already received the report and the video playback will be available soon.

China's Commerce Ministry is reviewing Meta's $2 billion acquisition of AI startup Manus.

The Financial Times reported citing people familiar with the matter

that it is looking for potential violations of technology export controls. The report said the

early stage assessment examines if Manus's relocation to Singapore required a Chinese export license

before the sale.

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