BUZZ - Micron shares fall as Taiwanese labor union threatens strike over bonus dispute
路透社2026/10/07 13:11October 7th - ** Shares of memory chip manufacturer Micron (MU.O) fell 2.8% in pre-market trading to $1,016.26 ** The Taiwan labor union representing Micron Technology employees has won approval for a strike over the bonus plan (link). ** With the memory chip market already facing tight supply, the strike could intensify market concerns over supply ** “The union is aware that memory prices have surged and Micron is generating huge revenues. This gives employees more bargaining power, and investors now need to factor this in,” said Kathleen Brooks, Research Director at XTB ** Shares of other US chipmakers also declined, with Nvidia (NVDA.O), Advanced Micro Devices (AMD.O), and Broadcom (AVGO.O) down 0.68%, 1.95%, and 1.02% respectively ** US-listed shares of contract chip manufacturer TSMC (TSM.N) fell 2.05%, while smartphone chipmaker Qualcomm (QCOM.O) dropped 1.40% ** By the close of the previous trading day, MU’s share price had risen nearly fourfold so far this year, while the Philadelphia Semiconductor Index (.SOX) had gained over 86% (For non-English speakers’ convenience, Reuters provides automated translations of its reports into several other languages. Automated translations may contain errors or lack necessary context; Reuters does not guarantee the accuracy of these translations and provides them solely for reader convenience. Reuters accepts no liability for any harm or loss due to use of the automated translation function.)
October 7 - ** The share price of memory chip maker Micron MU.O fell 2.8% to $1,016.26 in pre-market trading
** The Taiwan labor union representing Micron Technology employees has obtained approval for a strike over the bonus scheme (link).
** Amid tight supply in the memory chip market, this strike may heighten concerns over supply
** "The union knows that memory prices have increased significantly and Micron is generating huge revenues. This gives employees more bargaining power, and investors now need to price this in," said Kathleen Brooks, Research Director at XTB
** Shares of US chip makers also declined, with Nvidia NVDA.O, Advanced Micro Devices AMD.O, and Broadcom AVGO.O falling by 0.68%, 1.95%, and 1.02%, respectively
** The US-listed shares of contract chip maker TSMC (TSM.N) dropped 2.05%, while smartphone chip maker Qualcomm (QCOM.O) fell 1.40%
** As of the close of the previous trading day, MU’s gains so far this year have nearly quadrupled, while the Philadelphia Semiconductor Index .SOX has risen more than 86%
(To facilitate non-native English speakers, Reuters has automated its report translation into several other languages. Since automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts, and provides them solely for reader convenience. Reuters assumes no responsibility for any damage or loss caused by the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - U.S. regulators’ investigation sparks concerns over regulatory scrutiny, agricultural equipment manufacturers’ stock prices decline
October 7 — Concern over increased scrutiny by US regulators on dealer networks and repair practices led to a decline in agricultural machinery manufacturers' stock prices. The Federal Trade Commission and the US Department of Agriculture are seeking public comments on whether agricultural equipment manufacturers and dealers are engaging in anti-competitive practices or restricting repair channels. The probe also focuses on limitations in dealer networks and industry consolidation, areas that could prompt wider regulatory examination of the agricultural equipment sector. Caterpillar (CAT.N) shares fell 6% to $811.44, making it one of the biggest decliners in the S&P 500 index. By midday trading, CNH Industrial CNH.N was down 6% to $12.47, Deere & Company DE.N fell 3.5% to $658.90, and AGCO AGCO.N dropped 6.3% to $108.91. Including these daily changes, the S&P 1500 Agricultural & Farm Machinery Index .SPCOMAGFM has risen 42.6% so far this year. (For the convenience of non-English speakers, Reuters has automated translations of its reports into several other languages. Due to the possibility of inaccuracies or a lack of full context, Reuters does not guarantee the accuracy of the automated translations and provides them only for reader convenience. Reuters accepts no responsibility for any damage or loss arising from the use of automated translation features.)
BUZZ-Preview: PepsiCo earnings per share expected to be flat, investors focus on consumer spending
On October 7th, PepsiCo (PEP.O) shares fell by 1.4%, closing at $124.02. The company will release its quarterly earnings before market open on Thursday, and investors are closely watching for signs of pressure from tightening consumer budgets. According to data from the London Stock Exchange Group (LSEG), Wall Street expects the carbonated beverage and snack giant's Q3 revenue to grow approximately 4% year-on-year to $24.96 billions, with adjusted earnings per share (EPS) at $2.29, unchanged from a year ago. Last quarter, PEP's revenue exceeded expectations but the company warned that performance in North America would slow due to tighter consumer budgets. Facing cost pressures and the threat from GLP-1 weight-loss drugs, PepsiCo (PEP) has limited time left to meet the growth and margin targets set a year ago following activist investor Elliott Management’s $4 billions stake. So far this year, PEP share price has dropped about 14%, underperforming both the S&P 500 Soft Drink & Non-Alcoholic Beverage Index's 8% rise (.SPLRCBEVS) and the S&P 500 Consumer Staples Index's 6% gain (.SPLRCS). The stock is currently trading at a price-to-earnings ratio of 14, below its five-year average of 21. Among 25 analysts' recommendations: 7 rate it as “Strong Buy” or “Buy,” 17 rate it as “Hold,” and 1 rates it as “Sell.” The median target price is $152, down from $170 on July 7. (For the convenience of non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts, and provides them purely for readers’ convenience. Reuters assumes no liability for any damage or loss caused by the use of the automated translation function.)
Tessera Defense and Homeland Security announces special shareholder meeting
Tessera Defense and Homeland Security will hold a special shareholder meeting in Netanya, Israel on Oct. 20, 2026. Votes will cover an amendment to the 2026 Equity Incentive Plan to increase shares available for equity awards. The proposal would support equity grants tied to CEO Michael Oster’s employment agreement, including stock options, RSUs, and fully vested shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tessera Defense and Homeland Security Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610071430PRIMZONEFULLFEED9841604) on October 07, 2026, and is solely responsible for the information contained therein.
Corteva Shares Rise After Upgrade From KeyBanc
02:22 PM EDT, 10/07/2026 (MT Newswires) -- Corteva (CTVA) shares were up 3.9% in afternoon trading on Wednesday after KeyBanc upgraded the company's stock to overweight from sector-weight. Trading volume exceeded 20.1 million shares against a daily average of roughly 10.4 million. Price: 14.45, Change: +0.54, Percent Change: +3.88
Crypto prices
More
