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  • Micron hits $1 trillion market cap for the first time as stock surges 19% | Micron joins $US1trn …

    Micron hits $1 trillion market cap for the first time as stock surges 19% | Micron joins $US1trn …

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    Micron hits $1 trillion market cap for the first time as stock surges 19%

    Micron topped a $1 trillion market value for the first time on Tuesday as shares popped 19%, driven by insatiable artificial intelligence demand for its memory chips.

    The stock surge came as UBS tripled its price target on the stock from $535 to $1,625 a share, citing long-term agreement opportunities with partially fixed pricing.

    "We believe the market will start to put a more 'normal' multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex," the firm wrote.

    The new price target suggests shares could more than double from Friday's close.

    Micron joins $US1trn club as AI race powers memory chip boom

    Micron Technology briefly topped $US1 trillion ($1.4 trillion) in market value for the first time on Tuesday, crowning a dizzying rally that has cemented America’s largest memory chipmaker as one of the standout winners of the AI boom.

    Micron’s shares were last up 17.4 per cent at $US881.6 after rising as much as 19.3 per cent earlier in the session, with Tuesday’s boost coming after brokerage UBS increased its price target on the stock to $US1625 from $US535 – the highest among the 46 brokerages covering the company, according to LSEG data.

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    PowMr EU 60A MPPT Solar Charge Controller Can Parallel 12PC Charging 12V 24V 36V 48V LifePo4 Battery Max 160VDC Solar Panel

    PowMr EU 60A MPPT Solar Charge Controller Can Parallel 12PC Charging 12V 24V 36V 48V LifePo4 Battery Max 160VDC Solar Panel
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    The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

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  • How a $2.2 trillion dream city in the Saudi desert got wound back | Vision 2030 turns Saudi Arabi…

    How a $2.2 trillion dream city in the Saudi desert got wound back | Vision 2030 turns Saudi Arabi…

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    How a $2.2 trillion dream city in the Saudi desert got wound back

    An image of the proposed The Line development in Saudi Arabia. (Supplied: NEOM)

    The war in the Middle East is forcing one of the region's biggest players to rethink some of its grand plans, with Saudi Crown Prince Mohammed bin Salman's trillion-dollar Vision 2030 rocked by the conflict.

    The blueprint for Saudi Arabia's future, unveiled a decade ago, had outlined a glittering future for the kingdom as a hub for major events and sports to compete with its gulf neighbours, with futuristic cities rising out of the desert sands.

    Even before the US and Israel launched strikes against Iran at the end of February, Vision 2030 was under strain, with speculation that some projects could be scrapped or dramatically scaled back as the plan's staggering ambition crashed into financial reality.

    Vision 2030 turns Saudi Arabia into tourism hotspot

    Saudi Arabia has
    recorded a major transformation in its tourism, hospitality and events sectors
    under Vision 2030, which has reshaped the Kingdom into a fast-growing global
    destination, according to senior leadership statements.

    The Vision’s first and
    second phases have delivered widespread economic and social change, with
    tourism emerging as one of the key pillars of diversification and non-oil
    growth.

    Real GDP reached
    SAR4.9 trillion ($1.31 trillion) by the end of 2025, driven largely by the
    expansion of non-oil sectors, which now account for 55% of the economy.

    Tourism has played a
    central role in this shift, contributing around 5% of GDP and recording strong
    growth in international arrivals and spending.

    3D Printer Filament PETG 1.75mm 1kg/2.2lbs Plastic Filament Consumables PETG Material for 3D Printer

    3D Printer Filament PETG 1.75mm 1kg/2.2lbs Plastic Filament Consumables PETG Material for 3D Printer
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    Vision 2030: The Story of Transformation from Traditional Management to Global Digital Leadership

    Saudi Arabia has embarked on a path of digital transformation and a knowledge-based economy as part of Vision 2030, relying on an advanced digital infrastructure and a knowledge base accumulated over many years, which has enhanced its ability to compete in future economies.

    This transformation has been driven by a national ambition to diversify the economy, create new job opportunities, and empower youth through building an integrated system that supports innovation, research, and technology.

    As part of this transformation, the Kingdom adopted a "paperless government" policy, which aimed to facilitate beneficiaries' access to government services through unified digital platforms covering various sectors such as justice, health, tourism, investment, housing, logistics, and real estate, among others.

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