MU Stock Price

Top Stocks To Buy In Wednesday 2016-02-12

The No. 1 most actively traded U.S. stock on Wednesday was Nvidia(NASDAQ:NVDA), which closed up 0.80% with $27.384 billion in trading volume.

UBS raised its target price on Nvidia from $235 to $245.

In its latest report, Goldman Sachs lifted its earnings forecast for Nvidia’s fiscal fourth quarter of 2026 and maintained a $250 price target, emphasizing that revenue visibility for 2027 will be a key catalyst. Institutional ratings show that more than 90% of analysts assign a “Buy” or “Overweight” rating, with an average target price of $260.26, reflecting market optimism about AI computing demand. However, Goldman also warned of risks such as a slowdown in AI infrastructure investment and intensifying competition.

The No. 2 most actively traded stock was Tesla (NASDAQ:TSLA), which rose 0.72% on trading volume of $24.366 billion.

According to reports, Tesla Vice President Raj Jegannathan announced on LinkedIn on February 9 local time that he was leaving the company, ending his 13-year tenure. This marks the latest departure in a wave of executive exits from companies under Elon Musk. Previously, several core executives at Tesla and xAI had also stepped down.

Jegannathan wrote, “It’s not easy to summarize 13 years in one post. My journey at Tesla has been a continuous evolution. As I leave, I do so with gratitude and excitement for what lies ahead.”

The No. 3 most actively traded stock was Micron Technology (NASDAQ:MU), which surged 9.94% on trading volume of $19.165 billion.

On Wednesday, Morgan Stanley raised its target price on the stock from $350 to $450 while maintaining an “Overweight” rating. The new target is above Micron’s Wednesday closing price of $410.34 and aligns with the broadly bullish consensus among analysts. Public data show that the stock’s average analyst rating stands at 1.56 (Strong Buy).

In addition, during a speech at the Wolfe Research conference, Micron addressed rumors that it “might miss out on Nvidia’s new HBM4 orders,” stating that the supply-demand imbalance, with capacity in short supply, is expected to persist at least through 2028. The clarification helped lead a strong rebound in shares of several leading memory manufacturers.

The No. 4 most actively traded stock was Microsoft (NASDAQ:MSFT), which fell 2.15% on trading volume of $16.686 billion.

According to media reports, Bill Gates, chairman of the Gates Foundation, made a surprise appearance in Zhangjiang, Shanghai, on the evening of February 11 to attend an event titled “Action Creates Hope.”

This visit marked Gates’ return to China approximately two and a half years after his previous trip in June 2023.

In an interview, Gates directly addressed the controversy surrounding his relationship with Jeffrey Epstein. He clarified, “Between 2011 and 2014, I did have several dinners with Epstein, but there is really nothing new to add about that. I never had contact with any victims, nor did I ever visit his island.”

The No. 5 most actively traded stock was Alphabet Class A (NASDAQ:GOOGL), which declined 2.39% on trading volume of $14.066 billion.

According to reports, Google is introducing a new feature that allows consumers to purchase products directly when receiving AI-powered answers through its search engine and Gemini chatbot. This initiative is part of a broader strategy to monetize user engagement with artificial intelligence more directly.

In a letter to the advertising industry on Wednesday, the company said that its AI mode in Google Search is testing new ad formats that allow retailers and other advertisers to showcase products. Google also stated that users can now purchase items from Etsy and Wayfair directly within Gemini. The newly added “Direct Offers” feature in AI mode will enable brands to provide discounts to potential shoppers.

The No. 6 most actively traded stock was Apple (NASDAQ:AAPL), which rose 0.67% on trading volume of $13.963 billion.

Well-known technology journalist Mark Gurman reported that Apple’s long-planned upgrade to its Siri voice assistant has encountered setbacks in recent weeks of testing, which could delay the release of several highly anticipated features.

According to sources familiar with the matter, Apple had originally planned to introduce these new features in iOS 26.4, scheduled for release in March, but is now considering spreading them across future versions.

This means that at least some of the features could be postponed until iOS 26.5, expected in May, or even until iOS 27, set for release in September.

Micron’s $24 Billion Investment in NAND Factory, Stock Hits New Highs; Meta and Corning Secure Long-Term Deal, GM Surges on Strong 2026 Guidance

Micron Technology(MU) to Invest $24 Billion in New NAND Factory, Stock Surges Over 5%, Continues to Hit New Highs

On Tuesday, Micron Technology announced a $24 billion investment over the next decade in Singapore to build a new NAND flash wafer fab to address the tight supply of memory chips driven by AI demand. The new facility will be Singapore’s first dual-layer wafer fab, with a cleanroom area of 700,000 square feet. Wafer production is expected to begin in the second half of 2028. This project is expected to create approximately 1,600 jobs.

Singapore is already one of Micron’s key NAND production hubs. Earlier in 2025, Micron announced plans to invest $7 billion in Singapore over the next few years to expand its manufacturing capacity and meet the advanced memory chip demand required for AI training. Micron has long relied on Singapore and Japan as its key production bases. The new wafer fab will work in conjunction with the HBM advanced packaging factory that is already under construction, further strengthening Singapore’s critical role in the global memory supply chain. Micron’s investment aligns with Singapore’s strategy to develop cutting-edge industries, from AI to advanced chip manufacturing. The Singapore government has pledged to invest over 1 billion SGD in domestic AI research.

As AI infrastructure drives a surge in NAND demand, Micron and its South Korean competitors, SK Hynix and Samsung Electronics, have shifted their production focus to high-end AI chips, resulting in storage chip shortages for PC and smartphone manufacturers. Micron’s massive expansion is a key part of its global capacity strategy. In addition to the Singapore project, the company has just launched a $100 billion plant project in New York to ease what it calls an “unprecedented supply crunch.”

Meta Platforms(META) Secures $6 Billion Long-Term Supply Agreement with Corning, Stock Hits Record Highs

Tech giant Meta Platforms has secured a long-term supply agreement worth up to $6 billion with veteran glass manufacturer Corning to supply fiber optic cables needed for its data centers. This deal underscores the growing AI arms race, which is rapidly expanding from algorithmic models to underlying hardware infrastructure.

Under the agreement, Meta will pay Corning this amount by 2030 to ensure its ambitious global data center construction plans, particularly for AI applications, have access to the critical data transmission “veins.” This move directly complements Meta’s announcement in November of last year that it plans to invest $600 billion in the U.S. by 2028 to build data centers and infrastructure.

According to CNBC’s exclusive report, Corning will primarily supply fiber optic cables for connecting data centers internally and across regions. These fibers are the backbone of AI computing, transmitting massive amounts of data at near light speeds between thousands of GPUs. The two largest data centers Meta is currently building—its 1GW “Prometheus” data center in New Albany, Ohio, and the 5GW “Hyperion” data center in Richland Parish, Louisiana—will both use Corning’s fiber optic products.

General Motors(GM) Surges Nearly 9% After Strong 2026 Earnings Guidance

On Tuesday, General Motors released its latest financial report, which showed a 5.1% year-on-year decline in revenue for Q4 2025, amounting to $45.29 billion, falling short of the analyst consensus of $45.8 billion. The company reported a net loss attributable to shareholders of $3.31 billion, compared to a net loss of $2.96 billion in the same period last year. The adjusted EBIT margin was 6.3%, up from 5.3% in the previous year. Adjusted earnings per share (EPS) stood at $2.51, a 30.4% year-on-year increase, surpassing the consensus estimate of $2.20.

Looking ahead, General Motors expects adjusted EBIT for 2026 to range between $13 billion and $15 billion, with the midpoint of this range above the analyst consensus of $13.39 billion. The company expects net income to be between $10.3 billion and $11.7 billion and adjusted EPS to range from $11.00 to $13.00, with the midpoint above the consensus estimate of $11.73. Additionally, GM’s board of directors announced an increase in the quarterly dividend by $0.03 to $0.18 per share and approved a new $6 billion stock repurchase plan.

The company’s earnings guidance highlights that strong sales of high-priced new models and a favorable regulatory environment are driving profit growth. Even though the U.S. new car market is expected to shrink slightly this year, and some imported vehicles and components face tariff impacts, the automaker still expects to generate sufficient profits to increase returns to shareholders.