S&P 500 Gains And Losses Today: Epam Systems Shares Plunge Amid Demand Challenges
~2.0 mins read

Major U.S. equities indexes advanced as data showed that initial unemployment claims rose to their highest level since August. The latest signal of cooling in the labor market could nudge the Federal Reserve as policymakers consider how soon it may be appropriate to lower interest rates.

The S&P 500 added 0.5% in Thursday's session. The Dow was up 0.9%, marking the seventh consecutive positive trading day for the blue-chip index. The tech-heavy Nasdaq gained 0.3%.

Shares of Equinix (EQIX) led the S&P 500 higher with gains of 11.5% following the data center operator's strong quarterly earnings report. The real estate investment trust (REIT) specializing digital infrastructure posted better-than-expected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted funds from operations (AFFO) for the period, boosted by robust demand for artificial intelligence (AI) products.

NRG Energy (NRG) shares jumped 7.8% on the day after the utility's quarterly results showed that free cash flow before growth declined versus a year ago. Thursday's rebound came as analysts at BMO Capital raised their price target on NRG stock, reflecting a revaluation based on the performance of peers in the market.

Steris (STE), which provides sterilization products and services for health care providers, announced a targeted restructuring of its business, and its shares added 7.6%. The transformation will concentrate on the company's surgical business in Europe, including product rationalizations and facility consolidations. The planned maneuvers follow last month's announcement that Steris intends to divest its dental business.

Epam Systems (EPAM) shares endured the steepest decline among S&P 500 stocks, plummeting 27% after the software developer provided lower-than-expected sales and profit guidance for the current quarter and full year. Although first-quarter profits topped estimates, the company suggested its muted outlook reflected unanticipated market conditions and a tough demand environment.

Shares of Corpay (CPAY) slid 7% after the corporate payments firm said it would acquire Paymerang, a provider of accounts payable automation solutions. Previously known as Fleetcor Technologies until its rebranding in March, Corpay suggested the acquisition could help enhance its position in the education, health care, hospitality, and manufacturing sectors.

Airbnb (ABNB) shares fell 6.9% after the short-term rental platform's current-quarter outlook came in below consensus expectations. Although the company beat sales, profit, and gross booking estimates for the quarter that ended in March, Airbnb noted that the timing of Easter, the additional leap-year day in February, and foreign exchange fluctuations could weigh on subsequent results.

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A Woman’s Prime Starts At 18 — Local Life Coach Asserts
~0.2 mins read

A local Life Coach has asserted that a woman’s prime starts at 18.

He added that a man’s prime starts at 30. Women age like milk, while men age like wine.

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6 Companies Owned By Micron
~4.5 mins read

Micron Technology Inc. (MU) designs and designs and manufactures memory and storage products for a variety of applications, such as artificial intelligence (AI) and 5G, as well as for key markets, including mobile, data center, and graphics. The company, which is headquartered in Boise, Idaho, was first founded in 1978 as a semiconductor design company composed of four employees.

In the mid-1980s, Micron introduced the world’s smallest 256K dynamic random-access memory (DRAM) product and became a publicly traded company. It was named a Fortune 500 company in 1994 and has since become one of the largest memory producers in the world, with a market capitalization of $131 billion as of May 2024. The company reported net loss of $5.83 billion on revenue of $15.54 billion during its 2023 fiscal year (FY), which ended August 31, 2023.

Micron’s growth over its more-than-40-year history comes from the firm’s own internal innovations as well as from strategic acquisitions, including Toshiba’s commodity DRAM operations (2001), Pico Computing, Tidal Systems Inc.(both in 2015), and more. Those acquisitions have helped it to boost its manufacturing capacity, operational efficiency, and product diversity. As the data center and computing industries have shifted toward AI, Micron has also made acquisitions in line with that trend.

Below, we look in more detail at six of Micron’s most important acquisitions. The company does not provide a breakdown of how much profit or revenue each acquisition currently contributes.

Japan-based Elpida Memory was formed in 1999 when NEC Corp. (6701) and Hitachi Ltd. (6501) merged their DRAM operations. By 2012, Elpida had become the third-largest producer in the global DRAM market, behind Samsung Electronics Co. Ltd. (005930) and SK Hynix Inc. (000660). But amid a persistent global glut in DRAM chips and slumping prices, the company filed for bankruptcy in early 2012. It was the largest Japan-based manufacturer to ever file for bankruptcy.

Later in 2012, Micron announced that it had entered an agreement to acquire the bankrupt firm. In mid-2013, Micron closed the deal, paying $2.5 billion for Elpida, which had built a strong presence in the DRAM market for mobile phones and tablets. The deal boosted Micron’s manufacturing capacity by about 45%, making it the second-largest producer of DRAM chips behind Samsung Electronics.

Switzerland-based Numonyx was formed in 2008 as a result of a joint spinoff by Intel Corp. (INTC) and STMicroelectronics N.V. (STM). Intel sold its unprofitable NOR flash memory business to the new venture in exchange for a 45% stake. STMicroelectronics sold both its NOR and NAND businesses to the new company for a 49% stake. Private equity firm Francisco Partners invested $150 million for the remaining 6% stake.

Following the spinoff, the newly formed Numonyx became the world’s leading supplier of NOR flash chips. Two years later, Numonyx was acquired by Micron in an all-stock transaction paid to Intel, STMicroelectronics, and Francisco Partners. The deal provided Micron with Numonyx’s portfolio that included NOR, NAND, and RAM chips, boosting Micron’s revenue, customer base, and production capability. The acquisition also enabled Micron to better compete with Samsung by offering products called multi-chip packages (MCPs), which are semiconductors built with a combination of different memory chips.

Taiwan-based Inotera Memories, which specializes in the manufacture of DRAM products, was formed in 2003 as a joint venture between Nanya Technology Corp. and Infineon Technologies AG (IFX). Infineon’s original 33% stake was then acquired by Micron in 2008.

By the end of 2015, Micron was already purchasing all of Inotera’s output, accounting for approximately 35% (at that time) of Micron’s DRAM production. A year later, Micron acquired the remaining 67% (at that time) stake for approximately $4.0 billion. Micron said that it expected the acquisition to enhance its operational efficiency and be immediately accretive to its DRAM gross margins.

Texas Instruments Inc. (TXN) first established its semiconductor division in the early 1950s. During the 1970s, the company’s semiconductor business continued to grow, especially after beginning to manufacture DRAM chips in 1973. The company then experienced several periods of severe price pressure and industry downturns.

By the first quarter of 1998, Texas Instruments’ memory chips, once the company’s largest semiconductor product, were losing money. In June of that year, the company sold the memory chips business to Micron for $800 million as part of a restructuring that included the layoff of 3,500 employees. The deal provided Micron with additional manufacturing capacity without significantly increasing costs related to research and development, administration, and certain operating costs.

IM Flash Technologies was founded in 2006 as a joint venture between Micron and Intel, with each company contributing about $1.2 billion to create the new entity. The company was created to combine the strengths of both Micron and Intel in manufacturing NAND flash memory chips for use in consumer electronics and mobile communication devices. In 2015, IM Flash began manufacturing its new proprietary technology known as 3D XPoint, a class of chip many times faster than NAND flash memory chips and capable of storing more data than DRAM chips.

In January 2019, Micron announced that it was exercising its call option to acquire the remaining interest in IM Flash from Intel. Micron said the purchase enables Micron to accelerate its research and development (R&D) and optimize its manufacturing plan for the 3D XPoint chip.

FWDNXT was launched in 2017 as an AI tech company with a machine-learning product known as Inference Engine. Micron acquired the company for an undisclosed amount in 2019, announcing that the Inference Engine would be combined with advanced Micron memory.

The product is now known as Micron AI Inference Engine. This product is primarily used to facilitate deep learning solutions required for data analytics, especially in the Internet of Things (IoT) and edge computing, and allowed Micron to integrate a variety of tools and software into a single AI development platform.

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It Is Normal For A Woman To Be Dramatic — Relationship Coach, Skuki Peeshaun, Counters Apostle Femi Lazarus
~1.1 mins read

Relationship Coach, Skuki Peeshaun, has countered Apostle Femi Lazarus.

He said when a man is craky or anxious, his anxiety is 100% external and psychological (which means he is worried about an issue and it is working him up) But when a woman is anxious, her anxiety can be external and psychological like a man’s, but she now has an extra burden, which is that her anxiety level can also be INTERNAL AND BIOLOGICAL and this is caused by the hormonal variations women go through every 28days.

A woman can go to bed very happy and wake up, tensed, short-tempered for reasons she doesn’t even know. Other times she can be overly happy and nuturing for no visible reason. Yes, it is true that many women are dramatic to the extreme, but we can not downplay the impact a woman’s biology has on her mood unannounced.

We have to let men know that it is normal for a woman to dramatic to a certain extent, when she displays this off-moods, he shouldn’t argue with her or talk her down, he simply needs to stand his ground and be firm. but no scolding or arguing. His assertiveness would calm her down again, Infact that is what she came for in the first place. His masculine firmness. If we go with this narrative, we would encourage men to snap back and nag whenever their woman is having this NORMAL-MOOD-SWINGS. And when a man responds that way, it adds to his woman’s anxiety. They’ll now be like 2 women arguing.

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