Stretched Tech Valuations Raise Questions on Capex: BofA (Video)

Micron stock jumps over 16% in premarket trading after blockbuster earnings

Micron soared in premarket trading on Thursday after the memory maker reported blockbuster third-quarter earnings as the AI boom causes demand for memory to surge. The company's revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion in its fiscal third quarter, it reported on Wednesday. Revenue came in higher than analyst expectations of nearly $36 billion, according to LSEG consensus estimates.

Amazon adds new funding, lifting India AI and cloud investment to $48 billion

Amazon plans to invest an additional $13 billion to expand artificial intelligence and cloud infrastructure in India, taking its total investment in the country to $48 billion between 2026 and 2030. These funds will be used to expand AWS data center capacity in Mumbai and Hyderabad, the company said in a statement on Thursday. In December last year, Amazon had pledged to invest $35 billion, as hyperscalers raced to get a foothold in the Indian market.

My son passed away. Am I crazy to move to my former home and sell a house I bought in September?

Indonesia’s immigration chief urges rethink on wider visa-free access

The Indonesian tourism ministry’s proposal to expand visa-free entry to more countries risks bringing in “low-quality tourists”, its immigration chief has said, asking the government to reconsider the decision. “We do not want visitors who do not contribute positively. When visas are waived, we effectively give up a source of state revenue.