TYLER, Texas (KLTV) – The East Texas chapter of the American Red Cross had the grand opening of its renovated facility on Friday.

“We got new windows, new doors, new floors, new ceilings. “Pretty much everything you see here is brand new,” says Karen Holt, executive director of the American Red Cross East Texas Chapter. “Thanks to our wonderful team, our facilities team, we’ve managed in really record-breaking time to ensure that, as you know, we can continue to provide services to our community, so we’re just delighted to be open again and doing so to continue to serve the community.”

They also celebrated the 107th anniversary of the American Red Cross in Smith County and throughout East Texas since World War I.

They provide life-saving blood products to the community and offer CPR and first aid training. Additionally, they are responding to disaster relief efforts and are currently undertaking efforts to transport disaster responders and supplies to assist those affected by Hurricane Helene.

“There are currently over 400 Red Cross volunteers on site and hundreds more on the way,” says Holt. “We’re supporting 10,000 people in multiple shelters, hundreds of shelters there, and we’re going to be here for the long haul. We know this is Florida, we know this is Georgia, but we are on the ground supporting this effort.”

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When it comes to artificial intelligence (AI) chips, Nvidia is rightly the focus. Its data center graphics processing units (GPUs) are the best in the industry for developing AI models and helped the company gain a whopping $2.6 trillion to its market capitalization since the beginning of 2023.

But the AI ​​landscape is growing rapidly and other semiconductor companies are also seeing significant demand for their hardware. Micron technology (MU -2.17%) is a leading provider of memory and storage chips, which are critical for the development of AI in the data center, but also for processing AI workloads in computers and smartphones.

Micron just released its latest financial results for the fourth quarter of fiscal 2024 (ended August 29), and saw incredible growth across the company thanks to AI-driven demand. The stock is currently trading 21% below its all-time high (set earlier this year). Now could be a good time to buy for the following reasons.

AI has increasing storage capacity

Memory chips complement the data center GPUs provided by Nvidia. They store information in an operational state so it can be accessed immediately, which is essential for data-intensive AI workloads. AI has extremely high capacity memory chips, and Micron’s HBM3E (High-Bandwidth Memory) solutions are among the best in the industry.

In fact, Micron’s latest HBM3E 36 gigabyte (GB) devices offer up to 50% more capacity than any other device on the market while using 20% ​​less energy. By 2026, the company’s data center storage solutions are completely sold out, which isn’t surprising since Nvidia is using its HBM3E in the new H200 GPU and possibly the upcoming Blackwell-based B200 GPU as well.

Micron believes it can maintain its technological supremacy in the HBM segment as the company is already working on HBM4E. The official launch is still a few years away, but it will provide a significant leap in capacity to drive the next stage of the AI ​​revolution. Staying ahead is crucial because the market for HBM in the data center was worth just $4 billion in 2023, but Micron expects it to exceed $25 billion in 2025 will – a whopping growth of 525% in just two years!

But Micron’s AI capabilities extend beyond the data center. Companies are racing to bring AI personal computers to market for consumers and businesses, and Micron says most of them have a DRAM (memory) capacity of at least 16 gigabytes, and up to 16 gigabytes in the premium models to 64 GB. Last year, the average DRAM content in the PC industry was 12 GB, so the capacity requirement is increasing sharply, which has a direct positive impact on Micron’s sales.

The smartphone industry is experiencing a similar change. Most Android-based device manufacturers have recently launched AI-enabled models, and in many cases they come equipped with it twice the DRAM capacity of last year’s models. Micron’s LP5X memory is used by all Tier 1 Android smartphone manufacturers worldwide, making it the leader in this segment by a wide margin.

Micron’s sales are increasing rapidly

Micron reported fourth-quarter revenue of $7.75 billion, up 93% from the same period last year. This represents an acceleration from the company’s 81% revenue growth in the third quarter, showing how quickly demand is increasing.

The result was even stronger beneath the surface, driven by $3 billion in computing and networking (data center) revenue, up a whopping 152% year-over-year.

Tight supply of HBM chips for the data center also contributed to a sharp increase in Micron’s gross profit margin in the fourth quarter. It stood at 35.3%, a sharp increase from 26.9% just three months earlier and an even larger jump of 10.8%. reduce in the same quarter last year (when the company was struggling with a supply glut).

As a result, Micron’s earnings per share (EPS) came in at $0.79, a significant improvement from $1.31 Loss per share compared to the same period last year.

Micron expects to achieve further strength across the board in the upcoming first quarter of fiscal 2025 (ending November 30). Revenue is expected to be $8.7 billion, up 85% year over year, with earnings per share of $1.54.

Micron stock looks like a great value right now

Micron posted total earnings per share of just $0.70 for fiscal 2024 as the company suffered losses in the first half of the year. Therefore, it is difficult to value the company based on its profit over the last 12 months. But Wall Street expects Micron’s earnings per share to rise to $8.79 in fiscal 2025.

Based on Micron’s share price of $110.64 as of this writing, this means the company is trading at a forward price-to-earnings (P/E) ratio of just 12.6. From some perspective, that’s a 60% discount to Nvidia’s forward P/E ratio of 31.3.

I’m not trying to compare Micron to one of the hottest semiconductor stocks in history, but if you believe Nvidia will sell more data center GPUs, then Micron should also see parallel growth in its HBM3E solutions. Additionally, Micron has the added advantage of a potential AI-driven wave of demand in the personal computing and smartphone segments.

For these reasons, I think the valuation gap between the two stocks is likely to narrow. Ultimately, Micron shares would have to gain 28% from here to regain their all-time high of around $141, which they reached in June. Plus, loud The Wall Street JournalThe consensus price target for Micron shares is $157.71, implying even further upside potential beyond the record high.

Given the strong results Micron just reported and its guidance for the coming quarter, now seems like a good time to buy its shares.

Syria sends medical aid to Lebanon

IDF warns Dahia residents to evacuate

Hospitals in Beirut have to be evacuated

Sirens sound in Israel as projectiles fly from Lebanon

Blinken: There is a path to diplomacy

Iran’s president calls Israeli attack in Beirut a ‘blatant war crime’

Syria sends medical aid to Lebanon

IDF warns Dahia residents to evacuate

Hospitals in Beirut have to be evacuated

Sirens sound in Israel as projectiles fly from Lebanon

Blinken: There is a path to diplomacy

Iran’s president calls Israeli attack in Beirut a ‘blatant war crime’

• Wendy’s says it will continue to offer its Frosty dessert for $1 through the end of the month.
• Her advertising was directed against McDonald’s and accused the competitor of breaking the ice cream machines.
• Wendy’s has previously criticized McDonald’s for using frozen beef, leading to a public feud.

The feud between Wendy’s and McDonald’s appears to be heating up again.

This week, Wendy’s took aim at its fast-food competitor by announcing that it would continue to serve its small $1 Frosty dairy dessert through the end of the month.

The Frosty “was the go-to sweet treat when fans had cravings while the other guys’ ice cream machines were offline – often for two to three hours at a time,” the chain wrote.

To promote the deal, Wendy’s said it has partnered with the website McBroken.com, which tracks whether the ice cream machine McFlurries makes breaks down at a customer’s local McDonald’s.

Without directly naming McDonald’s, Wendy’s said, “The craving for a sweet treat can strike at any time, but if fans plan to order from the others, they may want to avoid lunch or snack time…or really any time between 11 a.m..” .” and 3 p.m., when machines are most often unavailable, according to McBroken.com.”

It’s not the first battle the restaurant chains have waged.

In 2018, Wendy’s launched a national TV advertising campaign criticizing McDonald’s for using frozen beef patties in its hamburgers.

“The iceberg that sank the Titanic was also frozen,” the fast food outlet said in a Super Bowl commercial featuring McDonald’s beef.

McDonald’s then announced that it would make its quarter-pound burgers with fresh beef in U.S. stores.

This sparked a public backlash from Wendy’s.

“Hey @McDonalds, heard the news,” the rival posted on social media. “Happy #NationalFrozenFoodDay for all that frozen beef stuck in your cheeseburgers.”

Wendy’s and McDonald’s did not immediately respond to Business Insider’s requests for comment outside of normal business hours.

Former Arsenal and Dundee cult hero Fabian Caballero has died aged 46.

The Paraguayan Football Federation said in a statement: “The Paraguayan Football Federation deeply regrets the death of former footballer Fabián Caballero, who had an outstanding career both in Paraguayan football and abroad.”

“We support the family and friends during this difficult time.”

Imagine not only discovering the musical masterpiece that it is Mama Mia! First time movies, but your own mother is Sophie Sheridan. That was recently the experience of Amanda Seyfried’s seven-year-old daughter Nina, who is apparently now a big fan of her mom’s most popular films.

This is the most pleasant news, especially for those around us Mama Mia! fans. Check out what Amanda Seyfriend recently shared with People about how her oldest child got excited about the ABBA jukebox musical based on it Broadway shows that have been running for an insanely long time:

My mom showed it to my daughter, and my daughter is now obsessed, so she’s 7, so she’s in second grade, and all her friends are obsessed. Now they’re starting to recognize me as Sophie, which is a little strange, but how nice.

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The Xbox September Update is here, bringing a host of new features and changes to the Xbox experience on PC, mobile and consoles.

The most important new feature is the ability to pre-download a game’s upcoming updates on Xbox Series X, Xbox Series S and Xbox One. This means that on the day the update is released, you don’t have to go through a long download, but you can start taking action straight away.

This could be an absolute game changer, especially for live service games that often receive a lot of new content. Unfortunately, the feature is currently only supported in a few select titles. The latest Xbox Wire blog post lists Sea of ​​Thieves, Minecraft, And Cassette beasts below, but says to “expect many more titles to support it soon.”

If you want to try this feature, make sure your Xbox is up to date and then go to the My Games and Apps window. From there, click on “Manage” and “Updates”. This gives you an advance overview of all updates for your library that are available for download.

There are also changes to the Wishlist system, which will now notify you when a game you want is released, added to Xbox Game Pass, or available to try for free during a Free Play Day promotion. If you are not a fan of this change, please note that you can turn off these notifications in your notification settings.

The Xbox mobile app is also being revised. Features of the separate Xbox Game Pass app will be integrated, although this application will no longer be available for download in November. This means that with the Xbox app you can finally manage your Xbox Game Pass membership and browse the Xbox Game Pass catalog in one place.

Finally, Game Bar Compact Mode is now rolling out for PC gamers. This mode is specifically optimized for smaller displays and handhelds, which is good news if you own something like the Asus Rog Ally X.

Some improved game management features will also be available for the Xbox app on PC. This includes the ability to easily view and install add-ons, as well as some interface changes that make it easier to keep track of everything that’s installed. Considering how bad the Xbox app is on the platform, small improvements like this can only be a good thing.

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