Micron Is the Best-Performing Artificial Intelligence (AI) Stock of the Past Year -- Up 318%. Can It Keep Going in 2026?
Micron's stock surges 318% amid AI demand.
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The day in brief
Amazon is increasing the price of its ad-free Prime Video subscription to $4.99/month, effective April 10, 2026. The service will be rebranded as Prime Video Ultra, which will now include features such as 4K UHD streaming, 5 concurrent streams, and 100 downloads.
Digg has shut down its platform just two months after its highly anticipated relaunch, primarily due to severe issues with AI bot spam. CEO Justin Mezzell acknowledged that the scale of the bot problem exceeded expectations, prompting significant layoffs and the removal of the Digg app from the App Store. Despite the setback, Kevin Rose, the platform's original founder, is set to return full-time to help reimagine Digg's future.
Elon Musk's xAI is undergoing significant restructuring following the departure of multiple co-founders, leaving only two of the original eleven still involved. The company is facing competitive pressures, particularly in its coding tools, which are lagging behind rivals like Claude Code and Codex. To address these challenges, Musk is actively reviewing rejected applications to recruit new talent.
Travis Kalanick has rebranded his company City Storage Systems to Atoms, which will now focus on robotics and expand into mining and transport sectors. The venture has been operating in stealth mode for eight years and employs thousands of people, with Kalanick aiming to create 'gainfully employed robots' across various industries.
Spotify is rolling out a new feature called the Taste Profile, allowing Premium users in New Zealand to customize their music and podcast preferences directly. This update enables users to specify their desired genres and vibes, addressing previous complaints about inaccurate recommendations due to shared accounts. The feature also includes a 'Tell us more' box for more personalized suggestions.
Apple has introduced the iPhone 17e as a more affordable alternative to the pricier iPhone 17, which recently received substantial upgrades. While there are notable differences between the two models, the iPhone 17e offers enough enhancements to appeal to budget-conscious shoppers seeking reliability without the higher price tag.
As organizations settle into 2026, many IT departments are reevaluating their cloud-only strategies due to rising concerns about vendor lock-in. A recent survey indicates that 94% of IT leaders are worried about the implications of relying solely on cloud services, with nearly half expressing significant concerns over product roadmaps and support. This shift in perspective is prompting a move towards hybrid models that offer greater flexibility and cost control.
Elon Musk's xAI is facing significant turmoil as he implements job cuts and leadership changes in response to the startup's underwhelming performance in the AI coding market. Following a $1.25 billion merger with SpaceX, Musk has brought in fixers from his other companies and has seen the departure of key cofounders, which has severely impacted employee morale and productivity. Staff report that the constant upheaval is hindering xAI's potential to compete with established rivals like Anthropic and OpenAI.
At its GTC conference, Nvidia announced a strategic pivot towards CPUs to meet the growing demands of AI workflows, with its CPU revenue surging 75% year-over-year to over $62 billion. The company is set to deploy its new Vera CPU in 2027, following a partnership with Meta, as the CPU market is projected to grow significantly from $27 billion in 2025 to $60 billion by 2030.
In a significant ruling, US District Judge Yvonne Gonzalez Rogers has determined that Elon Musk's use of ketamine cannot be introduced as evidence in the upcoming fraud trial against OpenAI Inc. The case alleges that OpenAI, led by CEO Sam Altman, defrauded Musk by deviating from its original nonprofit mission, and it will feature testimony from prominent figures in the AI industry.
Google has officially completed the transition from Google Duo to Google Meet, making Meet its only video calling service. While the Duo brand was phased out in 2022, its legacy features lingered in Meet until their recent removal. This migration, initially set for September 2025, faced delays but has now fully rolled out, eliminating features like Knock Knock and Family while introducing new capabilities such as live captions and screen sharing.
Microsoft is set to introduce its Gaming Copilot AI assistant to current-generation Xbox consoles this year, following its rollout on the Xbox mobile app and Windows 11. Announced by Xbox's product manager Sonali Yadav at the Game Developers Conference, the assistant will help players navigate challenges in games by offering strategies and answering questions about gameplay. While specific console details were not confirmed, the current lineup includes the Xbox Series X and S.
Anthropic is pushing back against a supply chain risk label as it navigates an ongoing lawsuit. The company is taking steps to alleviate concerns regarding its supply chain practices and its strategic positioning within the technology sector, highlighting its commitment to transparency and operational integrity.
Meta has halted its significant internet expansion initiatives in Africa as the conflict with Iran escalates, affecting AI investments in the Middle East. This pause comes amid broader concerns in the tech industry, including the resignation of Adobe CEO Shantanu Narayen, who faces skepticism regarding the company's ability to adapt to the AI era.
Google Fiber, rebranded as GFiber, is set to be sold to private equity firm Stonepeak, which will merge it with Astound Broadband to form a larger internet service provider. Alphabet will maintain a minority stake in the new entity, which aims to enhance operational independence and accelerate growth, combining GFiber's networks with Astound's established infrastructure to cover over 7 million locations across 26 states.
Meta has announced that it will eliminate end-to-end encryption for Instagram direct messages, effective May 8, 2026. This decision, communicated through an in-app notification, raises privacy concerns as users will no longer have the option to secure their conversations. Affected users will be provided with instructions to download any media or messages they wish to retain before the encryption is removed.
The archive
Micron's stock surges 318% amid AI demand.
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Moonshot AI's valuation rises significantly amid funding efforts.
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