Shishir Mehrotra
Grammarly Faces Lawsuit Over Unauthorized Use of Writers' Likenesses in AI Tools
Grammarly is being sued for using writers' images and identities without permission in its AI features. The company has retracted the controversial tool amid legal challenges and public backlash.
Citigroup Cuts Micron Price Target to $425 Amid Industry Warnings
Citigroup has lowered its price target on Micron Technology from $510 to $425 despite the company's strong earnings and AI demand. The move highlights concerns over short-term price fluctuations and industry shifts that could influence Micron's stock outlook.
Morgan Stanley Maintains Optimism on Semiconductor Stocks Amid Sector Selloff
Morgan Stanley reports that the recent drop in semiconductor stocks signals a healthy sector correction, with memory chips remaining vital for AI growth. The outlook suggests continued earnings strength and a focus on supply chain developments to gauge future performance.
Micron CEO Projects 300GB RAM Need for Self-Driving Cars Amid Supply Shortages
Micron's CEO forecasts self-driving cars will require 300GB of RAM, increasing pressure on chip supplies. Despite record earnings from AI demand, supply shortages are expected to persist, prompting major capacity investments.