Southwest Airlines Gobbles Up Bankrupt Rival’s Market Share; MicroStrategy Edges Up 0.8%

Southwest Airlines (LUV) has grabbed market share in the wake of rival Spirit Airlines’ bankruptcy, leaving other competitors flat-footed.^[TheStreet] Meanwhile, MicroStrategy (MSTR) edged higher in afternoon trading. As of 12:30 PM ET on July 7, MicroStrategy (MSTR) traded at $101.59, up 0.81% (+$0.82) from the prior close of $100.77, with an opening price of $100.34, a high of $102.29, and a low of $96.96.

Southwest Airlines Grabs Bankrupt Rival’s Market Share

According to TheStreet, Southwest Airlines (LUV) has successfully captured demand left by bankrupt rival Spirit Airlines, catching competitors off guard.^[TheStreet] The report notes that Southwest’s stock performance is closely tied to shifts in travel demand. Spirit’s bankruptcy has opened the door for Southwest to expand its market share, while other airlines have been slow to react.

Jim Cramer Recommends Buying Two Stocks

Prominent financial commentator Jim Cramer said on his Mad Money show that now is the time to buy AST SpaceMobile (ASTS) stock.^[TheStreet] Additionally, Cramer made a bold buy call on energy stock GE Vernova (GEV).^[TheStreet]

Micron Technology: Bear vs. Bull Divide Widens

Famed investor Michael Burry has doubled down on his short position against Micron Technology (MU), arguing that AI chips are in a bubble.^[TheStreet] However, Micron (MU) investors recently received bullish signals from Wall Street and Nvidia CEO Jensen Huang. According to The Motley Fool, Micron (MU) stock is up 240% year-to-date, making it the second-best performer in the S&P 500, trailing only rival Sandisk, which has surged over 600%.^{[The Motley Fool]}

For its fiscal third quarter of 2026 (ended May), Micron (MU) reported revenue of $41.4 billion, up 345% year-over-year, with non-GAAP adjusted EPS of $25.11, up over 1,200%. CEO Sanjay Mehrotra said the company has signed 16 multi-year customer agreements that include “binding commitments to purchase specific volumes of chips,” an unprecedented development in the memory chip industry. Multiple Wall Street analysts have sharply raised their earnings estimates for Micron’s fiscal 2027, with the consensus forecast climbing from $98 to $155 per share, implying annualized earnings growth of 168% over the next five quarters. Nvidia CEO Jensen Huang said at CES in January that memory is becoming the most critical bottleneck for AI inference workloads and that memory chip supply shortages will persist for years.^{[The Motley Fool]}

SK Hynix Announces 100 Trillion Won Investment Plan

On July 2, SK Hynix announced a 100 trillion won investment in Cheongju (Chungcheong region), with 80 trillion won allocated for a new M17 NAND wafer fab and 20 trillion won for the P&T7 advanced packaging facility.^{[Let's Data Science]} According to the company, the P&T7 facility is slated for completion by the end of 2027, while construction on the M17 fab will begin in 2027 with a target to start production in the first half of 2029. SK Group also plans to deploy 15 GW of AI data center capacity nationwide in phases, starting with 5 GW, and to build a 1 GW AI data center in the Chungcheong region. SK Hynix CEO Kwak Noh-jung said, “We will develop the Chungcheong region into a global AI semiconductor innovation hub.”^{[Let's Data Science]}

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