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Advanced Micro Devices, Inc. (AMD) closed the month of June at $580.91, up 7.68% in the last session, and hit a new 52-week high of $584, giving the company a market cap approaching $950 billion. The stock is up 171.25% year-to-date and 309.38% over the past year, according to Yahoo Finance.What I keep noticing in the 57-year-old AMD coverage is that the GPU narrative tends to dominate the headlines. Looking at this other side of the server CPU story, which is arguably the more structurally significant development, keeps getting underappreciated. The Wells Fargo analyst’s latest note goes directly at that gap. The firm raised its AMD price target while maintaining its Overweight rating, citing a meaningful revision to its server CPU revenue estimates. The full target and the specific numbers tell the story, and I will get into both.Also Read: History of AMD: Timeline and FactsWhat Wells Fargo’s revised estimates actually show5-star Wells Fargo analyst Aaron Rakers raised its AMD server CPU revenue estimates substantially, now modeling $16.0 billion for 2026, $20.5 billion for 2027, and $25.0 billion for 2028, according to the firm’s note shared with TheStreet.Aaron Rakers is a 5-star analyst who ranks 8th out of 12,338 Wall Street analysts and 12th out of 28,995 experts, with a 73% success rate and a 59.40 average return.The trajectory from $16 billion to $25 billion in just two years is an honest reflection of a thesis that AMD’s EPYC server CPU business is entering a prolonged share-gain cycle. Not just a single-product cycle bump.More AMD:AMD CEO Lisa Su drops rare message on AI careersBank of America resets AMD stock price targetAMD CEO makes bold move to boost AI in key marketThe firm set its new price target at $615, up from $505, using a 33 times price-to-earnings multiple on its 2028 EPS estimate of $18.75, according to the note. Wells Fargo projects 2026 EPS of $7.15 and 2027 EPS of $13.40, implying a near-doubling of earnings power in just two years.Data center GPU estimates were kept unchanged at $15.6 billion in 2026, $40.6 billion in 2027, and $63.0 billion in 2028, which tells me the firm is making a specifically incremental bull case on CPUs, not just riding the GPU momentum that other analysts have been emphasizing.My read of that distinction is this important. If the GPU numbers already reflect the AI acceleration story, then the CPU revision is where the new earnings upside lives. And yes. That is exactly the market dynamic that makes this note meaningful rather than just a routine target increase.Also Read: AMD’s stock split history (& prospects) explainedThe AMD Venice ramp is the product catalyst behind the estimate revisionOn May 21, AMD confirmed that its 6th Generation 2nm EPYC Venice server CPUs have entered the production ramp, with volume scaling expected through the second half of 2026.In the report, AMD noted it has more customers validating and ramping Venice than any prior EPYC generation. Of course, that’s a statement that signals broad enterprise and hyperscaler commitment rather than just one or two anchor deployments.Also Read: Advanced Micro Devices Inc. Latest News and StoriesThe follow-on Verano platform, also 2nm, is expected in 2027 with a focus on AI performance per dollar per watt, the economic metric that matters most to hyperscalers managing massive infrastructure costs. AMD noted.AMD also increased its Server CPU Total Addressable Market (TAM) estimate to $120 billion by 2030 last quarter, according to Dr. Lisa Su, Chair and CEO of AMD, in the Q1 2026 earnings call transcript by Seeking Alpha. Wells Fargo’s $25 billion 2028 revenue target implies AMD is positioning for roughly 20% of that TAM within four years.Related: Does AMD pay dividends? How the chipmaker spends its moneyMeta has committed to deploying up to 6 gigawatts of AMD Instinct GPUs, with the first gigawatt running on a custom MI450-based GPU, according to AMD’s press releases. Meta will also be a lead Venice Customer.AWS, Google Cloud, Microsoft Azure, and Tencent have all expanded EPYC-powered cloud instances, according to AMD’s Q1 fiscal 2026 earnings report. In fact, the hyperscaler validation across the full customer base is what gives the Wells Fargo CPU revenue ramp its credibility.AMD’s Q1 2026 results and Q2 guidance also frame the earnings trajectoryAMD’s first-quarter 2026 results, reported May 5, according to AMD’s earnings release:Total revenue of $10.3 billion, up 38% year over year (YOY)Data Center revenue of $5.8 billion, up 57% YOYNon-GAAP EPS of $1.37Record quarterly free cash flowWe are seeing strong momentum as inferencing and agentic AI drive increasing demand for high-performance CPUs and accelerators.Dr. Lisa Su continued, according to the Q1 2026 earnings report. “Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations.”For Q2 fiscal 2026, AMD guided for revenue of approximately $11.2 billion, up roughly 46% year over year, with a non-GAAP gross margin of approximately 56%, according to the AMD outlook. Now hear this. The sequential step from $10.3 billion to $11.2 billion, against a setting where Venice is accelerating and hyperscaler deployments are scaling, sets up the second half as the period where Wells Fargo’s revised CPU estimates begin to show in the reported numbers.

On May 21, AMD confirmed that its 6th Generation 2nm EPYC Venice server CPUs have entered the production ramp, with volume scaling expected through the second half of 2026.Caroline Brehman / AFP via Getty Images

Where Wells Fargo’s target sits in the analyst landscapeWells Fargo’s $615 target is not the most aggressive one we have had.Cantor Fitzgerald holds the highest target at $700, raised on June 29, and citing the compute market momentum, according to TipRanksUBS targets $670, according to TheStreetBank of America’s $500 target, according to TheStreetGoldman Sachs upgraded to Buy at $450 from $240 on structural agentic AI tailwinds, according to TheStreetThe range from $450 to $700 tells the story of a stock where analyst consensus is still forming around what the server CPU opportunity actually means for long-term earnings power. Wells Fargo’s $615 target, grounded in specific CPU revenue estimates through 2028 rather than just TAM optimism, sits in the more analytically rigorous part of that range.AMD trades at a premium that reflects high expectations. What Wells Fargo is arguing is that those expectations, at least on the CPU side, may still be underestimating what Venice and Verano can deliver.Related: Bank of America resets AMD stock price target

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealThe right accessories can make the outfit, but thankfully, you don’t always have to spend hundreds to achieve the polished look you want. Versatile and affordable jewelry makes it easy to add finishing touches, and a classic hoop earring with eye-catching crystals is a great option for going to work, going out for the evening, or running to the store, making it a simple option that you’ll reach for again and again.The Cate and Chloe Bianca Gold-Plated Swarovski Earrings are on sale for a whopping 85% off, offering dozens of stunning Swarovski crystals that adorn the front side of the hoop for just $17. These sleek hoops are perfect for any occasion and offer a high-end look for a super low price. Cate and Chloe Bianca Gold-Plated Swarovski Earrings, $17 (was $115) at Walmart

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Shop at WalmartWhy do shoppers love it?These refined earrings add a touch of sparkle to any outfit without overwhelming it. It’s adorned with 34 Swarovski crystals, each measuring 1.6 millimeters, embedded into 25 millimeter hoops. The versatility these earrings offer makes them a useful everyday pair that you can take on trips without using up tons of storage space for jewelry, while relying on just a few staple pieces, and also allows you to save money on multiple pieces that can only be worn during specific occasions. They are designed with long-lasting comfort in mind, offering a hypoallergenic, lead-free, and nickel-free option for people with sensitivities, with some reviewers saying they have worn them for weeks without an allergic reaction. Related: Walmart has $125 Swarovski earrings for just $18The lightweight design features a secure latch-back closure that keeps the earrings in place while also remaining comfortable during long wear, making them easy and practical to wear for longer occasions like bridal showers, birthdays, or holidays without irritation. These earrings come wrapped in a jewelry box that keeps them shiny and dust-free when not in use, and doubles as a gift box if you’re gifting them to a loved one. They are also backed by a 30-day warranty, offering confidence to every purchase. These earrings are available in rose gold, white gold, and yellow gold options, and come in 20 and 25-millimeter sizes. Details to knowSize: These earrings feature 34 crystals on a 25-millimeter hoop, or shoppers can also choose the 20-millimeter hoop option.Colors: Choose from white gold, yellow gold, or rose gold. Material: These hypoallergenic earrings feature lead and nickel-free material that’s lightweight and stays comfortable during long wear. One reviewer couldn’t say enough good things, saying, “They have continued to impress with their elegant sparkle, lightweight comfort, and lasting quality. The rose gold plating holds up beautifully without tarnishing, and the crystals—whether simulated diamonds or Swarovski accents — add just the right touch of shimmer for both everyday wear and special occasions. They’re comfortable for sensitive ears, secure with lever-back or stud closures, and versatile enough to pair with casual outfits or dressier looks. Stylish, affordable, and thoughtfully designed, these earrings are a staple in my jewelry rotation.”Shop more dealsJeenmata Cubic Zirconia Tennis Bracelet, $15 (was $99) at WalmartCate and Chloe 18k White Gold Pearl Earrings, $20 (was $76) at WalmartCate and Chloe Giselle Swarovski Hoop Earrings, $20 (was $115) at WalmartWhether you’re heading out for a casual lunch in a sweater and jeans or attending a family wedding, the Cate and Chloe Bianca Gold-Plated Swarovski Earrings offer elegance, style, and shine for any occasion for just $17. With over 24,000 5-star ratings, these are sure to be a daily staple.

If you’ve experienced age discrimination at work, you’re not alone. More than two-thirds of workers ages 50 or older say they’ve seen or experienced it, according to an AARP study published in January. The study also found that 22% of people ages 50 and up feel like they’re being pushed out of their jobs due to age. As part of an ongoing Work and Jobs Data Trend Series AARP launched in 2022, AARP’s  January update covered 2024 and 2025 and was based on interviews with over 2,500 U.S. workers. The findings are explained in detail below.Read:Jobs Americans are reluctant to leaveMulticultural Workers Experience Age Discrimination Most OftenThe number of multicultural workers who’ve seen or experienced discrimination, and the number who feel they’re being pushed out of their jobs, is disproportionately high, albeit slightly improved from 2024 to 2025. African American workers have the highest incidence, followed by Hispanic/Latino workers and workers of Asian and Pacific Island descent.Older Workers Believe Age Discrimination Is CommonAmong the general population, 91% of the workers who reported having seen or experienced age discrimination believe it’s common, and more than one-third believe it’s very common. That belief is slightly more common among multicultural workers.“I also see cases where an employer starts saying things like ‘energy,’ ‘fresh perspectives are needed,’ or that they are looking for someone who is a ‘better cultural fit.”Age Discrimination Isn’t Always ObviousSixty percent of the workers AARP surveyed experienced subtle forms of discrimination. The most common were the assumptions that they’re less tech-savvy and more resistant to change compared to younger co-workers.Eric Kingsley, partner at Kingsley Szamet Employment Lawyers in Encino, California, said age discrimination often reveals itself through patterns of treatment. For example, employees who have histories of excellent performance reviews begin receiving poor reviews, or they might be excluded from meetings, projects and advancement opportunities they’d have been considered for in the past.“I also see cases where an employer starts saying things like ‘energy,’ ‘fresh perspectives are needed,’ or that they are looking for someone who is a ‘better cultural fit,’” Kingsley said, noting that those words can be code words for discrimination.Impact of Age Discrimination on Older WorkersAlthough older workers are less likely to be unemployed, a May AARP analysis of Bureau of Labor Statistics data found that unemployed workers ages 55 and up are far more likely than younger workers to be long-term unemployed.That data bears out older workers’ perception that age discrimination is the largest barrier to finding work. That has obvious consequences, such as financial instability, loss of insurance and possibly forced or delayed retirement. But the more subtle forms of age discrimination also take a toll. For example:Restricted earnings during peak earning yearsFewer opportunities to advance skillsIncreased job stressWhat To Do If You’re the Victim of Age DiscriminationFederal and state laws protect employees from age discrimination, and workers ages 40 and older are a protected class in many states, according to Kingsley. The first thing to do if you’ve been affected is to document your experiences. Keep copies of performance evaluations, emails and other written communications regarding your job performance, for instance, and record comments related to your age, along with who said them and when.“This information could potentially become very important in the future,” said Kingsley, who also recommended contacting an attorney to find out what your rights are.“It is not easy to recognize age discrimination because employers do not usually come out and say that age is an issue,” Kingsley said. “However, if experienced employees at work are seeing sudden changes in the way that they are being treated in relation to younger employees, it is probably time to pay attention.”This article produced by Nifty 50+ for TheStreet

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealLaptops and tablets are two of the most widely used types of technology. That’s largely because both offer so much technology packed into such a small package. Regardless of whether you use a laptop or tablet for work, pleasure, or both, they provide the height of technological convenience. Thanks to a clearance deal at Walmart, you can now buy a device that’s both a laptop and a tablet at a big discount, thereby reducing your computing electronics footprint by half. The Tabwee 10-Inch AI-Enabled 2-in-1 Laptop and Tablet is on sale for only $100 right now, which is 50% off the regular $200 price tag. If you were ever going to finally start using AI daily, this is the perfect device for you.Tabwee 10-Inch AI-Enabled 2-in-1 Laptop and Tablet, $100 (was $200) at Walmart

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Shop at WalmartWhy do shoppers love it?There’s so much to praise about this laptop, that we could write three full articles on it. For starters, it has 18 gigabytes (GB) of RAM and 128 GB of ROM built-in. You can also expand the memory to a full 2 terabytes (TB) with the use of a MicroSD card. The machine is unlikely to suffer any lag or freezing because of the ample storage space. It’s even a great pick for streaming movie and TV, as it delivers crisp images and smooth motion graphics. The 10.1-inch screen delivers 1080p resolution as well as full HD capability.The operating system used by this convenient device is the highly advanced yet user-friendly Android 15 OS. It’s one of the most intuitive operating systems you can buy, and makes generous use of AI integration. The Google Gemini interface allows the device to serve as your own personal assistant for just about any task you could need assistance with. It also has predictive technology to help get you to the programs you use most in a hurry.What’s more, this laptop and tablet combo comes with a host of accessories that makes it incredibly adaptable and useful. Included are a wraparound laptop stand and case, a wireless keyboard, a wireless mouse, a screen protector, a stylus, and even a multi-end connection cord. This is the ultimate computer for both work and pleasure. Related: Amazon has a 2-in-1 laptop and tablet for just $60 that comes in 3 colorsDetails to knowMemory: 18 GB of RAM and 128 GB of ROM, expandable to 2 TB.Screen size: 10.1 inches.Operating system: Android 15. Walmart customers were very happy with this computer. One called it “an amazing product,” and added that it’s “worth more than what I paid for it…It works smooth and is just really sharp looking.”Shop more deals Gleeso 2-in-1 Laptop and Tablet, $73 (was $80) at AmazonRaemond 1-in-1 Laptop and Tablet, $120 at AmazonCoopers 2-in-1 Laptop and Tablet, $60 (was $63) at AmazonThe Tabwee 10-Inch AI-Enabled 2-in-1 Laptop and Tablet is a great device to take anywhere on the go, regardless of your usage needs. At only $100 at the moment, it’s the right machine at the right price.

Trading floors became electronic exchanges over the past few decades. Bank branches gave way to apps, and cash gave way to a tap on a phone screen. Each upgrade made finance faster without changing what sat underneath it: fragmented payment networks, multi-day settlement cycles, and reconciliation still done largely by hand.That foundation is the part now being rebuilt. Payments, securities, compliance, and asset management are starting to run on connected digital infrastructure instead of separate systems stitched together by intermediaries. Three forces are driving that shift at the same time: faster payment rails, AI embedded directly into bank operations, and a slower-moving effort to digitize ownership of traditional assets. Each is advancing on a different timeline.How quickly real-time payments are actually growingThe most visible piece of this shift is happening in payment rails. The RTP network, operated by The Clearing House, now processes close to $500 billion in transaction value every quarter, according to American Banker. The Federal Reserve’s competing FedNow Service had grown to more than 1,700 participating financial institutions by April 2026, up from roughly 1,400 a year earlier, with a long-term target of expanding to 8,000.The two systems do not yet talk to each other, which means banks running both rails maintain separate connections, fraud controls, and compliance processes for transactions that are functionally identical. That redundancy is one of the quieter costs of the current build-out.Related: Fidelity cuts to the chase on 401(k) best practicesGrowth is not limited to the U.S. PYMNTS data projects North American real-time payment volumes will reach 8 billion transactions in 2026 and nearly 13.9 billion by 2028, a 31.7% compound annual growth rate. India’s UPI, the UK’s Faster Payment System, and Brazil’s Pix have already proven the model works at national scale, JPMorgan noted. The next phase, still mostly unsolved, is making these national systems talk to each other across borders.Behind the payment rails, banks are leaning on cloud computing, APIs, and AI to handle fraud detection, compliance, customer service, and treasury management. The result is a system that looks less like separate institutions connected by middlemen and more like a single, data-driven network.How AI is becoming embedded inside banking operationsBanks already use machine learning to flag fraudulent transactions, monitor financial crime, score credit risk, and manage liquidity. As industry data cited by Finzly confirm, these capabilities are taking on a growing share of operational work that used to require a person at every step, from settling payments to enforcing internal financial policy.Treasury operations that once required a team checking multiple systems before releasing a payment are increasingly handled by software that checks compliance rules, available liquidity, and fraud signals simultaneously, then routes the transaction without a person touching it.Porter Stowell, CEO of W3.io, argues the more important shift is that capital itself is becoming programmable, with AI systems handling execution while humans retain strategic decision-making.”I think the biggest shift isn’t simply digitizing assets, it’s making capital programmable. Humans will continue making the strategic decisions, while AI handles everything else: moving capital, managing treasury operations, settling payments, and enforcing financial policies automatically,” Stowell said.More Wall Street:HSBC doubles down on stock market message for 2026Citi quietly resets S&P 500 price target for the rest of 2026Jim Cramer has a stark message on the stock market for 2026The scale problem is what he sees as most underestimated. Regulators built today’s oversight frameworks around human decision-makers acting at human speed. Software capable of acting autonomously and at high volume does not fit cleanly into those frameworks yet, and most regulators have not finished building the version that will.”AI agents won’t execute twice as many transactions as humans, they’ll execute thousands of times more. That makes transparency, auditability, and governance far more important, because keeping track of autonomous capital movement becomes exponentially more complex,” Stowell added.What’s behind the push to digitize traditional assetsA smaller but fast-growing piece of this shift involves representing traditional assets digitally on a shared ledger. The appeal is straightforward: Assets that have historically required large minimum investments and multi-day settlement can, in theory, be broken into smaller, more liquid pieces and settled almost instantly.Ethra CEO Saeed Al-Marri argues that the bigger story is access, rather than the underlying technology.”For the first time, ownership, settlement and compliance exist on the same digital infrastructure, eliminating layers of friction that have existed for decades,” he said.His company launched a digital protocol in June, giving investors fractional access to maritime shipping vessels, an asset class where individual vessels typically run $30 million to $120 million and have historically required institutional-scale capital to access at all. Private credit and government bonds have followed a similar pattern, with BlackRock’s digital money market fund alone passing $2 billion in assets under management.Legal certainty remains the biggest open question, according to Al-Marri. Whether digital ownership records actually hold up when tested in court is a question most jurisdictions have not had to answer yet.”Institutional adoption requires overcoming two barriers: legal settlement finality and regulatory fragmentation,” Al-Marri added. “Projects that tokenize institutional-grade, cash-flowing assets backed by absolute legal certainty will end up as the champions of real tokenization.”

Behind the payment rails, banks are leaning on cloud computing, APIs, and AI to handle fraud detection, compliance, customer service, and treasury management.Nd/Getty Images

The risk nobody is pricing into this transition yetAs AI systems start managing assets and executing trades independently, questions of identity, permissions, and accountability are becoming as important as transaction speed itself. Pharos CEO Wish Wu said future financial infrastructure needs to be designed for both human and AI participants from the start.”As AI agents begin participating in financial markets, they’ll need infrastructure that is transparent, verifiable, and automated by design,” Wu said.He raised a related concern about how the industry is framing risk in an automated system.”As finance becomes increasingly automated, we also need to think beyond traditional cybersecurity. As AI agents start managing assets and executing transactions, questions around identity, permissions, and accountability become just as important as transaction speed,” Wu added.The question of who is responsible when an autonomous system executes a bad trade, or when permissions are misconfigured across thousands of automated transactions, does not have a clean answer in most current regulatory structures. Financial systems already run audit trails for human-initiated transactions, built around the assumption that a person made a decision and can explain it after the fact. Systems built around autonomous agents need a different kind of audit trail, one that can reconstruct which automated process decided to act and why.What this buildout means for investorsThe institutions building this infrastructure are positioned to shape the next phase of capital markets the way electronic exchanges and internet banking shaped the last one, more so than the institutions simply using it. The competitive question shifting underneath the industry has moved beyond who controls capital. Now it is also about who builds and controls the rails through which capital moves.For investors, that reframes where attention belongs. Faster payments and AI-driven banking operations are advancing at far greater scale right now than digital asset ownership models, even though the latter gets a disproportionate share of the headlines. Whether any of this scales into durable infrastructure, rather than staying a collection of pilot programs waiting on regulatory frameworks to catch up, depends on the legal and compliance work happening underneath the surface.The three pieces of this shift are not moving at the same speed. Payment rails are scaling fastest because the underlying problem has a clear regulatory path and obvious customer demand.AI inside banking operations is scaling almost as quickly because it solves a cost problem banks are already motivated to fix.Asset digitization is the slowest of the three because it runs into legal and jurisdictional questions that the other two simply do not face. Investors tracking this space should separate those timelines rather than treating digital finance as a single trend moving at a single pace.Related: Jim Cramer delivers strong buy call on fast-growing digital bank

Micron Technology (MU) became one of the world’s most valuable companies in 2026, but not too long ago, it was a four-person consulting firm operating out of the basement of a dental office in Boise, Idaho. Now, it has millions of owners, including company executives, institutional investors like hedge funds, and individual investors who own shares either directly or through ETFs. Over the past four decades, the semiconductor manufacturer has pioneered major innovations in DRAM system memory, high-density storage, and high-bandwidth memory for large-scale AI models.Micron eventually outgrew its basement headquarters, building its first fabrication plant in Idaho before expanding into Texas, New York, and, later, around the world.The company’s latest earnings report underscored sizzling demand for the memory powering AI infrastructure — particularly High Bandwidth Memory (HBM) — helping propel Micron’s shares nearly 1,000% between June 2025 and June 2026.But its success hasn’t always been a smooth ride. The semiconductor industry has been one of Wall Street’s most volatile sectors, and Micron’s shareholders have weathered both extreme highs and crushing lows. Yet many of its biggest investors have remained firmly committed.Here’s a look at Micron’s largest institutional owners as well as which executives have the biggest ownership stakes.Who owns Micron Technology?Micron is a publicly traded company listed on the Nasdaq exchange. It is owned by large institutional investors, such as hedge funds, as well as company executives and retail investors.  As of June 2026, there were 1.1 billion shares outstanding, according to Fidelity Investments.Related: Does Micron pay dividends? Its yield and payouts explainedWho are Micron Technology’s biggest investors?The memory chip giant is 80% owned by institutional investors, with its three biggest shareholders at the end of 2025 being Vanguard Group (with a 9.45% stake), BlackRock (8.93%), and Capital World Investors (5.17%), according to Micron’s proxy statement.The biggest owners of Micron stockInvestorShares (in millions)% stakeVanguard Group106.619.45%BlackRock100.78.93%Capital World Investors58.255.17%Source: Micron TechnologyWho are Micron’s biggest executive shareholders?Executives and directors, including CEO Sanjay Mehrotra, collectively own 2.6 million shares — less than a 1% stake altogether.Executive or DirectorRole at MicronShares ownedSanjay MehrotraChief Executive Officer, Chairman, President1,084,078Manish BhatiaExecutive Vice President, Global Operations350,109Sumit SadanaExecutive Vice President, Chief Business Officer277,521Mark J. MurphyChief Financial Officer219,693Scott J. DeBoerExecutive Vice President, Chief Technology and Product Officer154,145Richard M. BeyerDirector97,408T. Mark LiuDirector25,910 sharesSteven J. GomoDirector24,139MaryAnn WrightDirector23,333Mary Pat McCarthyDirector21,523Lynn A. DugleLead Independent Director19,028Linnie M. HaynesworthDirector13,632Robert H. SwanDirector4,444A. Christine SimonsDirector3,833Source: Micron TechnologyShare count based on all current directors and executive officers as a group (14 persons) as of Micron’s 2025 proxy statement, except for T. Mark Liu, who purchased 23,200 additional shares since the proxy statement was released.Mehrotra has been Micron’s President and CEO since 2017. Prior to that, he was the CEO at SanDisk. Mehrotra owns 1,084,078 shares and, according to Forbes, has a 2026 net worth of $1.2 billion.Manish Bhatia, Micron’s second-largest executive shareholder, is the company’s executive vice president of global operations. He owns a total of 350,109 shares.Micron’s third-largest executive shareholder is Sumit Sadana, the company’s chief business officer. He owns  277,521 shares.Related: How many employees does Micron have in 2026? Its workforce, locations, and layoffs explainedWho originally owned Micron?Design engineers Ward Parkinson, Dennis Wilson, and Doug Pitman teamed up with Ward’s twin brother, Joe, who was an attorney, to found Micron Technology in 1978.The men had one goal: to produce more efficient, denser, and faster Dynamic Random Access Memory (DRAM) chips.By 1981, Micron’s founders had their design, but they needed the capital to scale their manufacturing. After securing $300,000 in investments from a few local businessmen, they reached out to J.R. Simplot, a colorful character and local billionaire who made his fortune supplying McDonald’s with its frozen french fries.Simplot knew nothing about computers, but he did understand business, and after hearing their story, he became convinced that Micron could produce the highest-quality chips at the lowest possible cost. He invested $1 million into the company for a 40% stake, saying, “We’re going to make some millionaires out here in the sagebrush.”More on tech company ownership: Who owns IBM? Top insiders & institutional shareholdersWho owns Nvidia? Top insiders & institutional investorsWho owns Salesforce in 2026? A look at its largest shareholders & leadership stakeBy 1981, Micron’s 64K DRAM chip was built into the Commodore 64 home computer. IBM and Apple would soon follow, and within ten years, Simplot’s investment would be worth $4 billion.However, Simplot sold off the bulk of his holdings throughout the 90s to fund his agribusiness and later died at age 99 in 2008. Today, his family no longer owns any Micron shares.Micron’s stock performanceMicron went public on June 1, 1984, at $13 per share. According to Yahoo! Finance, a $1,000 investment during the company’s IPO would have been worth $414,500 as of April 2026.Related: Micron Technology’s stock buybacks explained

Some forms of retail work better in a brick-and-mortar store than they do online.Clothing and footwear, for example, benefits from the ability to try the items on. Even people who wear the same size across multiple brands sometime put on an outfit, a pair of sneakers, or some fancy shoes only to find that they don’t fit right.The internet shines, however, on items that don’t need to be held, touched, or tried on. That has made some retailers more vulnerable than others. Office supply chains, which includes Office Depot and Staples, have been in a slow, steady decline.”Office supply stores as a sector employ some 60,000 people and bring in $10.3 billion in revenue in the U.S., which is projected to decline roughly 2% a year through 2026, according to research firm IBISWorld.That has led to Office Depot closing more than half its stores since 2013, a process that has continued with the chain’s most recent shutdowns.Office Depot has been in a steady declineOffice Depot merged with Office Max in 2013, with the combined chain operating about 1,900 U.S. stores following the merger, according to the Dallas Morning News.At the time of the deal, the two companies said they planned to close 400 stores. The industry was already in decline, according to FOX Business.”Office supply stores are fighting a battle for relevance, with shoppers increasingly buying their paper, toner and technology online from Amazon.com Inc, drugstores or mass merchants. Analysts covering office supply stores have long called for consolidation in what they see as a cluttered sector whose sales crumbled during the last recession,” FOX reported.The company, which is no longer public, reported in a an SEC filing that it had 822 locations as of Nov. 5, 2025.It has continued to shed locations since then, but no longer provides a store count since it does not have to report results as a private company.

Office Depot continues to slowly shrink.Shutterstock

These Office Depot locations have closed since Nov. 2025High Point, NC: Office Depot closed its longtime store at the Peters Plaza IV shopping center at 274 Eastchester Drive on Dec. 20., according to the High Point Enterprise.Fresno, CA: The Office Depot on Divisadero Street shut down Feb. 21 after more than 30 years in business, with employees saying the property owner declined to renew the lease, reported CBS47.Ballard (Seattle), WA: The OfficeMax in Ballard closed April 11, 2026 with the building having been purchased by AutoZone for $7.8 million in late 2025, according to My Ballard.Porterville, CA: The OfficeMax at 1260 W. Henderson Ave., the city’s only major office supply store, is closing, part of a pickup in OfficeMax closures that accelerated in 2025, reported Recorder Online.Merriam, KS: The OfficeMax at Merriam Town Center near Johnson Drive and Antioch Road is closing, with liquidation sales already underway after more than a decade at that location, according to Johnson County Post.The following locations appear to be closed based social media reports, which TheStreet confirmed by using the chain’s store locator tool and seeing that they are no longer listed.Pensacola, FL: The Office Depot at 4337 W. Fairfield Dr. closed in 2026.Albuquerque, NM : The former OfficeMax at 40 Hotel Circle NE closed in 2026.Eugene, OR: The Office Depot at 2859 Chad Dr. is set to close in 2026.Meridian, MS: The Office Depot at 110 15th Place South closed in 2026, per community tracking data; no local news coverage identified. Office Depot continues to close stores.”The retailer is shuttering stores in Grapevine and in Irving, according to signage at the shops on Tuesday [June 30[. It’s not clear when the sites will close. Both had window displays saying they would be open on Independence Day,” the Dallas Morning News reported.Amazon has taken market shareOffice supplies like printer paper, pens, notepads, and more are commodities that people can buy without making a dedicated trip.“Even supermarkets have an aisle for office supplies,” IBISWorld Lead Analyst Brigette Thomas told Retail Dive. “But I think the biggest is definitely Amazon.”Amazon has taken office supply sales for much the same reason Walmart and Target took market share from Toys “R” Us years ago. Consumers no longer make a dedicated trip for many commodity purchases. Instead, they buy office supplies while they’re already shopping elsewhere or simply add them to an online order.”Amazon became the largest retailer in the United States in terms of gross merchandise value sometime in 2025, overtaking Walmart, Seeking Alpha reported Thursday (June 25), citing a report by J.P. Morgan.IBISWorld data shows that the decline in the office supplies space has been steady.”The firm noted that office supplies stores as an industry have suffered ‘consistent revenue declines’ every year going back to 2005, due both to competition and the digitization of work itself. The industry declined by an average annual rate of 6.7% since 2016, according to the data.In order for the chain to survive, RTM Nexus CEO Dominick Miserandino believes that a major change is needed.”In most cases, there’s no reason to visit these stores just to buy office supplies,” he told TheStreet. “One of the pivots I’ve been seeing recently though is the office supply stores becoming more in person, event, conference places where you could print your signs and other deliverables.”Related: Amazon challenges Costco with July 4 gas savings deal

Three months ago, Goldman Sachs was warning clients that the U.S. economy had a one-in-four chance of tipping into recession. The bank just cut that number by 10 percentage points, and the reason has nothing to do with anything the Federal Reserve did.Goldman Sachs chief economist Jan Hatzius lowered the bank’s 12-month U.S. recession probability to 15% from 25% in a note titled “Global Views: More Crude, Less Concern.” The new figure is not just lower than where Goldman stood a few months ago. It is lower than the 20% probability Goldman had assigned on the eve of the Iran conflict, before oil prices spiked in the first place.Why Goldman Sachs cut its recession probability to 15%Oil is doing most of the work here. The U.S.-Iran peace agreement has reduced the risk that energy prices spike again, and Goldman’s commodities strategists now see Brent crude settling near $80 a barrel by the end of 2026, Investing.com reported.”The easing of geopolitical risk, combined with lower energy prices and a robust labor market, has meaningfully improved the near-term growth outlook,” Hatzius wrote.The 15% figure puts Goldman back at what the bank calls its long-term norm for recession probability. Goldman stressed the risks still run in both directions, TheStreet reported. Oil flows through the Strait of Hormuz could recover more slowly than expected if tensions return, or a near-term glut could develop if supply comes back online faster than the market can absorb it.Related: Goldman Sachs revamps recession odds after oil shock fadesThe reversal looks even sharper next to where Wall Street stood just months earlier. At the height of the conflict in March, CNBC reported that Moody’s Analytics had pushed its recession model to 48.6%, Wilmington Trust to 45%, and EY Parthenon to 40%.Goldman itself had raised its own estimate to 30% at the time. Its new 15% reading is now the lowest of the major forecasts that were circulating just three months ago.What Goldman Sachs said about U.S. growth for the rest of 2026Goldman nudged its second-half 2026 GDP growth forecast up to 2%, citing lower gasoline prices, higher real household income, AI-related equity wealth, and solid corporate capital spending. The bank is not calling for a strong rebound. It is calling for a less fragile economy than the one it was modeling three months ago.Consumer spending is the soft spot in the forecast. Goldman expects real consumer spending growth of just 1.5% as temporary tax-related support fades through the year.More Economy:JPMorgan sends another message on strait of Hormuz, oil pricesWarren Buffett has a message on energy prices for all AmericansGoldman Sachs sends strong message on next Fed rate cutThe labor market also looks weaker beneath the surface than the lower recession odds might suggest. Goldman expects payroll growth to slow from a recent three-month pace of 188,000 to just below the bank’s estimated breakeven level of roughly 60,000.”Geopolitical tail risks haven’t disappeared entirely,” Hatzius noted, adding that the durability of the peace deal and global demand conditions will determine whether the improved outlook holds.

Lower recession risk does not mean Goldman thinks inflation is solved.LordHenri/Getty Images

What this means for inflation and the Federal ReserveLower recession risk does not mean Goldman thinks inflation is solved. The bank sees core CPI averaging just 0.17% month over month over the next three months, a number that would support easing price pressure, though Goldman flagged that core PCE, the Fed’s preferred gauge, could prove stickier.The Federal Reserve held its benchmark rate at 3.50% to 3.75% at its June meeting. Policymakers signaled that a rate increase remains possible later in 2026, even as Goldman maintains its base case that the Fed will not raise rates this year. Goldman and the Fed are not reading the same data the same way, and that disagreement is part of why this revision is not the all-clear signal it might look like at first glance.Gold got the same treatment. Goldman cut its December 2026 gold price forecast by $500 to $4,900 an ounce, citing lower expected inflows into gold ETFs and a Federal Reserve environment that looks more hawkish than gold investors had been pricing in.What the lower recession risk means for investorsStocks generally like it when recession odds fall. Earnings estimates get easier to defend, and the market spends less time worrying about default risk and more time worrying about growth.But Goldman’s forecast describes a slow-growth economy. That kind of backdrop tends to reward a narrower group of stocks. Companies with pricing power, durable earnings, and clean balance sheets are typically better positioned than cyclical names that need a broad economic acceleration to perform well.Goldman raised recession odds to 25% when the Iran conflict pushed oil prices higher, then cut them back below where they started once the peace agreement took hold. That is how fast Goldman’s own forecast has moved this year, and it is the part investors should pay closest attention to. The current 15% reading is Goldman’s best estimate today, not a number that will hold if energy markets or labor data turn again.Related: JPMorgan doubles down on economy, inflation outlook

Costco has built itself a loyal following by giving members access to bulk bargains nearly every day of the year. And it’s clear that members are more than willing to pay their annual fees for Costco access.During Costco’s third quarter 2026 earnings call, the company reported $1.37 billion in membership fee income and a 92.2% member renewal rate across the U.S. and Canada.A big reason Costco has had so much success with renewals is that it makes an effort to put members first. But sometimes, Costco has to make the tough decision to close its doors to members. One of those rare closures is just days away, so shoppers who are planning to stock up for July 4th cookouts, parties, and road trips may want to plan ahead.Costco is closing all U.S. warehouses on July 4thCostco will close all of its U.S. warehouse locations on Friday, July 4, in observance of Independence Day.While many national retailers remain open for July 4 (albeit with reduced hours), Costco believes in closing for certain holidays as a way to ensure that its employees are able to spend time with their families. Related: Costco reveals why Kirkland keeps beating name brandsOf course, Costco doesn’t close to members often. It limits closures to just seven days each year:New Year’s DayEaster SundayMemorial DayIndependence DayLabor DayThanksgiving DayChristmas DayStill, Costco’s approach to employee benefits and work-life balance can catch some shoppers off guard during major holiday weekends.

Costco will close for Independence Day in the U.S.Shutterstock

Don’t wait until the last minuteThe days leading up to July 4 are typically among the busiest shopping periods of the summer, as customers stock up on burgers, hot dogs, steaks, beverages, snacks, and other cookout essentials.That could mean crowded parking lots, longer checkout lines, and popular seasonal items selling quickly.Anyone planning to rely on Costco for holiday supplies should make their shopping trip ahead of the holiday. Why Costco’s holiday schedule stands outUnlike many retailers that remain open for at least part of most federal holidays, Costco closes entirely on the aforementioned seven days during the year.It’s a somewhat risky approach, since many of Costco’s biggest rivals are open for most of the days on the list above. Walmart-owned Sam’s Club, for example, is open on July 4, though stores may be operating on a shorter schedule. But Costco is clearly confident in the value it offers members. And that makes it easier for the company to shut down completely seven times a year. More Retail:Costco sees major shift in member behaviorRetail chain shuts all locations as legal changes hit industryCostco makes major investment in online shopping for membersFor members, that means one simple rule – if a major holiday is approaching, it’s worth checking Costco’s calendar before heading to the store.With July 4 now just around the corner, this is one of those rare occasions when even Costco’s famously busy warehouses will go quiet.Maurie Backman owns shares of Costco.Related: Aldi expands to key area Costco can’t get into

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealWhile summer can be enjoyable during the right conditions, it can often become almost unbearably hot and humid. This can put unwanted stress and damage on your home, as well as generally just create an uncomfortable condition to live in. If you’re looking to make your home a little comfier, or potentially help protect places like your bathroom, basement, or laundry room from steam and water damage, a dehumidifier can help tremendously. The Egeh Small Home Dehumidifier is perfect for the bathroom, bedroom, basement, or office, thanks to the 800-square-foot capacity. Preventing perpetual humidity can help protect your spaces and save you money in the long run for just $58 right now at Walmart. Egeh Small Home Dehumidifier, $58 (was $300) at Walmart

Courtesy of Walmart

Shop at WalmartWhy do shoppers love it?Under humid conditions, this dehumidifier can collect up to one liter of water per day while using no more than one kilowatt-hour of electricity, making it a great energy-saving option that saves you even more money in the long run. At just under 6 pounds, the portable design also makes it easy to move wherever moisture becomes a problem. Measuring 8.3 inches long and 5.5 inches wide, the dehumidifier features a built-in rear handle that makes it convenient to carry, and the 800-milliliter water tank is paired with an automatic shut-off function that stops operation when the tank is full or not properly positioned, offering ease of mind while in use so you don’t have to worry about water overflowing, making it convenient to use even while you’re not home. Related: Walmart slashed the price of a $367 portable air conditioner by 51%The unit offers two operating modes to suit different situations: high-speed mode and night mode. The high-speed mode focuses on reducing humidity more quickly, while the night mode operates at less than 30 decibels for lower noise pollution while sleeping. It also features a separate lighting control that activates seven color-changing ambient lights, including purple, blue, green, and more, that can add a fun touch to the room or act as a nightlight overnight. The lights also change to red when the 95-ounce tank is full, alerting you that it needs to be changed out. The pros and cons of this dealProsAuto safety features: It includes an auto shut-off when it’s full, and when the tank is placed incorrectly, to prevent overflowing.Portability: The lightweight design and handle on the back make it easy to move around the house. Cons Colors: These are only available in either black or white, but feature colorful LED lights once plugged in. Might require more emptying: If you live in a large and very humid home, the tank may need more emptying than a larger tank.”This dehumidifier works great,” one shopper said. “It’s quiet, easy to use, it’s very pretty, and boy does it get the moisture out. I’m really impressed. Emptying the canister is super easy, too. I definitely recommend it.”Another reviewer said, “It works great, it’s so quiet you can’t hear it. I love the different colors, and I only have to empty it every six days.”Shop more dealsBreezome Small Dehumidifier, $34 (was $64) at WalmartDarkiron Dehumidifier with Shutoff, $70 (was $80) at WalmartArlocket Portable Dehumidifier, $34 (was $80) at WalmartBy combining efficient moisture control, lightweight portability, automatic safety features, dual operating modes, and optional ambient lighting, the Egeh Small Home Dehumidifier is built to fit naturally into a variety of living spaces for an affordable price. Shoppers can save 81% on this humidifier at Walmart.