Latest news with #Bandwidth
Time of India
16 hours ago
- Automotive
- Time of India
Chip-maker Micron expands US investment to $200 bn backed by Trump
Chip giant Micron Technology on Thursday said it was expanding its domestic investment plan to $200 billion as its seeks to boost US semiconductor manufacturing , with the backing of the Trump administration. The move, aimed at strengthening America's domestic chip supply chain , represents an additional $30 billion beyond Micron's previous investment commitments and includes plans to build a second leading-edge memory fabrication facility in Boise, Idaho. The investment plan comes as the United States pushes to reduce its reliance on foreign semiconductor production. Memory chips are critical components used in national defense systems, automobiles and national security applications. The announcement is part of the Trump administration's broader efforts to secure major investment commitments from technology companies and strengthen US industrial capacity. Since taking office, the Trump has announced corporate investment pledges totaling hundreds of billions of dollars. Trump has called on companies to create more manufacturing jobs in the United States, and threatened to impose crippling tariffs on imports from around the world. The Idaho-based company said it would invest approximately $150 billion in domestic memory manufacturing and $50 billion in research and development over the coming years, creating an estimated 90,000 direct and indirect jobs across multiple states. Micron said the new investments would modernize its existing plant in Manassas, Virginia, and bring end-to-end High Bandwidth Memory (HBM) manufacturing capabilities to the United States. Several prominent US tech CEOs were quoted in the announcement statement, stressing the importance of the project. Nvidia founder and CEO Jensen Huang called it "an important step forward for the AI ecosystem," referring to the heavy investments in artificial intelligence by the US tech giants. Apple CEO Tim Cook also welcomed it, calling it "another great example of American manufacturing leadership, and we look forward to building on our work together." Micron said the plan would significantly boost domestic memory manufacturing capacity, with the company aiming to increase the US share of production from nearly zero percent today to 10 percent over the next decade.
Time of India
2 days ago
- Business
- Time of India
Micron raises US chip investment to $200 billion, adds new Idaho plant, aims to capture 10% global share with Trump backing
US semiconductor giant Micron Technology on Thursday announced it is expanding its domestic investment to $200 billion, supported by the Trump administration, in a major push to strengthen America's chip manufacturing and supply chain resilience. The revised plan includes an additional $30 billion over previous commitments and features the construction of a second cutting-edge memory chip fabrication facility in Boise, Idaho. The Idaho-based firm said the broader investment will allocate $150 billion for manufacturing and $50 billion for R&D over the coming years, generating an estimated 90,000 direct and indirect jobs across several US states, AFP reported. The move aligns with the Trump administration's push to secure large-scale investments from technology firms and revive US industrial capacity. Trump has repeatedly urged companies to expand domestic manufacturing and has warned of steep tariffs on imports to spur local production. Micron's announcement also includes modernization of its existing plant in Manassas, Virginia, and the addition of end-to-end High Bandwidth Memory (HBM) manufacturing in the US—critical to national defense and AI applications. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo The investment drew praise from major US tech leaders. Nvidia CEO Jensen Huang called it 'an important step forward for the AI ecosystem,' while Apple's Tim Cook said it was 'another great example of American manufacturing leadership.' Micron aims to raise the US share of global memory chip production from near zero to 10% over the next decade. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
2 days ago
- Business
- Yahoo
Micron boosts planned U.S. investment by $30 billion amid AI-driven demand
-- Micron Technology Inc (NASDAQ:MU) has announced plans to expand its U.S.-based semiconductor manufacturing and research footprint with an investment totaling approximately $200 billion. The move, in partnership with the Trump administration, includes $150 billion earmarked for manufacturing and $50 billion for research and development, and will create an estimated 90,000 direct and indirect jobs. The initiative expands Micron's ambitions beyond previous plans by $30 billion, including the development of a second memory fabrication facility in Boise, Idaho, and the modernization of its plant in Manassas, Virginia. The company will also bring advanced packaging capabilities for High Bandwidth (NASDAQ:BAND) Memory (HBM) to the U.S., targeting growth fueled by AI adoption. The expanded footprint includes up to six high-volume, leading-edge memory fabs across Idaho and New York. Micron aims to produce 40% of its DRAM in the U.S., reinforcing its competitive position amid rising demand for AI-related computing infrastructure. Construction on Micron's first fab in Idaho is already underway, with production slated to begin in 2027. The newly announced second fab will further increase DRAM output, while site preparation for the first New York facility is expected to commence this year once remaining regulatory reviews are complete. 'Micron's U.S. memory manufacturing and R&D plans underscore our commitment to driving innovation and strengthening the domestic semiconductor industry,' Micron CEO Sanjay Mehrotra stated. 'This approximately $200 billion investment will reinforce America's technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors—critical to economic and national security.' The development has attracted endorsements from across industry, including Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT), two companies central to the AI hardware and software ecosystem. 'Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from Trump Administration, is an important step forward for the AI ecosystem,' said Nvidia CEO Jensen Huang. Microsoft CEO Satya Nadella added, 'Strengthening semiconductor manufacturing in the U.S. will drive new innovation, create high-skilled jobs, and further American competitiveness. In addition to its manufacturing investment, Micron has committed over $325 million to workforce development initiatives in Idaho, New York, and Virginia. These efforts include academic partnerships, curriculum development, and training programs to ensure a stable pipeline of talent to support the company's growth across critical technology sectors. Related articles Micron boosts planned U.S. investment by $30 billion amid AI-driven demand FTSE 100 today: shares rise as U.K. GDP falls; Pound nears $1.36; Tesco gains Israel considers military action against Iran, sources tell ABC News
Yahoo
3 days ago
- Business
- Yahoo
BAND Q1 Earnings Call: Enterprise Voice and AI Drive Platform Expansion
Communications platform-as-a-service company Bandwidth (NASDAQ: BAND) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 1.9% year on year to $174.2 million. Guidance for next quarter's revenue was better than expected at $179 million at the midpoint, 1% above analysts' estimates. Its non-GAAP profit of $0.36 per share was 33.3% above analysts' consensus estimates. Is now the time to buy BAND? Find out in our full research report (it's free). Revenue: $174.2 million vs analyst estimates of $168.9 million (1.9% year-on-year growth, 3.1% beat) Adjusted EPS: $0.36 vs analyst estimates of $0.27 (33.3% beat) Adjusted Operating Income: $15.46 million vs analyst estimates of $11.96 million (8.9% margin, 29.3% beat) The company slightly lifted its revenue guidance for the full year to $752.5 million at the midpoint from $750 million EBITDA guidance for the full year is $87.5 million at the midpoint, above analyst estimates of $86.38 million Operating Margin: -2.7%, up from -6.1% in the same quarter last year Market Capitalization: $451.2 million Bandwidth's first quarter results were buoyed by strong demand for its cloud communications services, particularly in the enterprise voice segment. CEO David Morken highlighted that over half of enterprise customers now use the Maestro or AI Bridge platforms, underscoring their growing adoption to address complex communication needs in sectors like healthcare and financial services. Noteworthy customer wins included a major Midwest healthcare provider and a group of hospitals integrating Bandwidth's solutions for enhanced reliability and AI-powered voice agents. Management also attributed growth to new and expanded partnerships with managed service providers and system integrators, which accelerated large-scale deployments. These factors, along with increased cross-sell and up-sell activity, contributed to a rise in average annual revenue per customer and higher net retention rates. Looking ahead, Bandwidth's guidance is shaped by expectations of continued double-digit growth in its core platform offerings, driven by the increasing adoption of AI voice agents and further expansion of its channel partnerships. CFO Daryl Raiford noted that, while macroeconomic uncertainty persists, the company's diversified base—particularly its essential enterprise voice services—provides resilience. Raiford added, 'We are expecting our global voice plans to double their growth this year, and programmable messaging to maintain low double-digit growth.' Management remains focused on margin expansion and disciplined financial management, with an eye on achieving 60% gross margins in the medium term. The team also emphasized ongoing investments in platform innovation and regulatory expertise as key differentiators supporting future growth. Management attributed the quarter's performance to strong enterprise voice uptake, AI integration, and channel partner momentum, while also noting resilience in essential communications services amid macro volatility. Enterprise voice momentum: Over half of enterprise customers now use Maestro or AI Bridge, reflecting Bandwidth's ability to modernize complex communication infrastructures and enable AI-powered voice agents, especially in regulated industries like healthcare and financial services. Channel partnerships expanding: The company highlighted strengthened relationships with managed service providers and system integrators, which not only accelerated sales cycles but also enabled Bandwidth to tackle larger, more complex enterprise projects, such as new deployments for a major regional auto club. AI integration as a differentiator: Management pointed to Maestro's orchestration and AI Bridge's flexibility as key factors in recent customer wins, allowing enterprises to integrate AI voice agents for operational efficiency and improved customer experiences without overhauling legacy systems. Global voice plans growth: The company's largest voice offering continued to secure new business and upsell long-standing customers, benefiting from Bandwidth's global network reliability and regulatory expertise, particularly for clients launching advanced AI use cases like real-time multilingual voice translation. Programmable messaging stability: While more exposed to macroeconomic shifts, programmable messaging grew through diversified customer use cases and compliance capabilities, with new wins in consumer engagement and anticipated expansion into the wellness sector. Enhanced deliverability, campaign registration tools, and support for protected health information contributed to ongoing demand. Management expects continued expansion in enterprise voice and global voice plans, supported by AI adoption and partner channels, while monitoring macroeconomic conditions and messaging segment volatility. AI voice adoption accelerates: Management believes the shift toward AI voice agents in enterprise communication workflows will drive usage and wallet share across Bandwidth's product lines. The flexibility to integrate multiple AI solutions through Maestro and AI Bridge is viewed as a competitive advantage in addressing evolving customer needs. Channel and vertical diversification: Strategic expansion of partnerships with managed service providers and entry into new verticals—such as hospitality and manufacturing—are expected to support revenue growth and deal size, especially as large integrators facilitate more complex deployments for global enterprises. Messaging and macro sensitivity: Programmable messaging growth is projected in the low double digits, but management acknowledged greater exposure to macroeconomic headwinds in retail and digital marketing. The company is investing in enhanced deliverability and compliance tools to retain and grow this segment despite potential market volatility. In coming quarters, the StockStory team will be watching (1) further enterprise adoption of Maestro and AI Bridge, especially in new verticals; (2) continued momentum and revenue contribution from managed service provider and system integrator partnerships; and (3) the resilience of programmable messaging growth amid macroeconomic shifts. We will also track progress toward Bandwidth's medium-term gross margin targets and execution on additional AI-driven product enhancements. Bandwidth currently trades at a forward price-to-sales ratio of 0.6×. In the wake of earnings, is it a buy or sell? Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
Yahoo
19-05-2025
- Business
- Yahoo
1 Growth Stock for Long-Term Investors and 2 to Ignore
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold. Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market's punishment can be swift and severe when trajectories fall. Luckily for you, our job at StockStory is to help you avoid short-term fads by pointing you toward high-quality businesses that can generate sustainable long-term growth. Keeping that in mind, here is one growth stock expanding its competitive advantage and two that could be down big. One-Year Revenue Growth: +18.5% Started in 1999 by David Morken who was later joined by Henry Kaestner as co-founder in 2001, Bandwidth (NASDAQ:BAND) provides thousands of customers with a software platform that uses its own global network to provide phone numbers, voice, and text connectivity. Why Are We Out on BAND? Revenue increased by 13.9% annually over the last three years, acceptable on an absolute basis but tepid for a software company enjoying secular tailwinds Estimated sales growth of 2.8% for the next 12 months implies demand will slow from its three-year trend Gross margin of 38% reflects its high servicing costs Bandwidth is trading at $14.10 per share, or 0.5x forward price-to-sales. Dive into our free research report to see why there are better opportunities than BAND. One-Year Revenue Growth: +17.3% Spun out from Netflix, Roku (NASDAQ: ROKU) makes hardware players that offer access to various online streaming TV services. Why Are We Hesitant About ROKU? Preference for prioritizing user growth over monetization has led to 1.4% annual drops in its average revenue per user Costs have risen faster than its revenue over the last few years, causing its EBITDA margin to decline by 7.1 percentage points Performance over the past three years shows its incremental sales were much less profitable, as its earnings per share fell by 34.6% annually At $70.04 per share, Roku trades at 28.6x forward EV/EBITDA. Read our free research report to see why you should think twice about including ROKU in your portfolio, it's free. One-Year Revenue Growth: +88.8% Founded during the dot-com era in 1999 and specializing in high-intent consumer traffic, QuinStreet (NASDAQ:QNST) operates digital performance marketplaces that connect clients in financial and home services with consumers actively searching for their products. Why Is QNST a Good Business? Impressive 31.4% annual revenue growth over the last two years indicates it's winning market share this cycle Estimated revenue growth of 9.5% for the next 12 months implies its momentum over the last two years will continue Earnings growth has trumped its peers over the last two years as its EPS has compounded at 106% annually QuinStreet's stock price of $15.05 implies a valuation ratio of 14x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
