NioCorp Supports U.S. Strategic Critical Minerals Reserve Initiative
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.FUNDING PACKAGE:The U.S. House of Representatives voted 217-214 to pass legislation funding major parts of the government and ending a partial shutdown, with the package heading to President Trump's desk, CBS News' Caitlin Yilek and Kaia Hubbard. The package includes five full-year spending bills and an extension of Department of Homeland Security funding through February 13, the authors say. Democrats are demanding changes to how immigration enforcement agencies such as ICE conduct their operations, with the issue now serving as the focus of talks on Capitol Hill, the authors note.GOOGLE SEARCH RULING:The U.S. Justice Department, DOJ, and a group of states intend to appeal US District Judge Amit Mehta's ruling that imposed only modest limits on Google'scontracts related to its search engine and AI apps, Leah Nylen and Josh Sisco of Bloomberg. The DOJ and states filed notices they will appeal in ruling in which Google avoided a forced sale of its Chrome browser.PROJECT VAULT:NioCorp Developments"applauded" the launch by the White House and the Export-Import Bank of the United States of "Project Vault," an effort to establish a U.S. Strategic Critical Minerals Reserve to procure, store, and enable the sale of critical minerals to American manufacturers. The government-industry partnership is anchored by $11B from EXIM and approximately $1.67B in seed capital from some of the nation's leading companies. "This effort represents exactly the kind of bold and innovative public-private partnership that the U.S. needs right now to facilitate the rapid build-out of domestic critical minerals production and integrated supply chains," said Mark Smith, CEO. "I commend President Trump and EXIM Chairman John Jovanovic for their vision. Coupled with the Trump Administration's recent Section 232 findings and January 14 Presidential Proclamation, the Administration is signaling that it intends to move rapidly and aggressively to address excessive U.S. reliance on imported processed critical minerals and derivative products. Breaking China's dominance over critical minerals is essential to America's economic and national security future. We appreciate the Administration's leadership and EXIM's commitment to practical solutions that strengthen U.S. manufacturers and critical minerals producers. NioCorp stands ready to do its part by advancing the Elk Creek Project and supplying American-made critical materials to help power the next generation of U.S. industry."
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- Election Outcome: Japan's ruling Liberal Democratic Party (LDP) secured a supermajority in the recent elections, allowing Prime Minister Sanae Takaichi to return to power, which indicates strong voter support for her administration.
- Economic Policy Initiatives: Takaichi's agenda includes increasing defense spending and suspending certain food-related taxes, which is expected to stimulate economic growth and enhance consumer confidence, positively impacting Japan's economy.
- Market Reaction: Following the election results, Japanese stocks reached a record high, with the yen strengthening to 156.88 per dollar, reflecting renewed investor confidence in the government's future policies and economic direction.
- International Market Trends: U.S. markets also showed strong performance post-election, with major index futures rising, indicating global investor interest in tech stocks, particularly in the AI sector, further contributing to the overall market recovery.
- Big Tech Valuation Loss: According to FactSet data, Big Tech has collectively lost over $1 trillion in valuation over the past week, with Amazon alone shedding more than $300 billion, indicating a significant decline in market confidence that may lead investors to reassess the future growth potential of the tech sector.
- US-India Trade Deal Framework: The U.S. and India released a framework for a trade deal, although India showed resistance to U.S. demands for opening its agricultural market to imports, while Trump removed a 25% tariff on India for purchasing Russian oil, which could impact trade relations and future economic cooperation between the two nations.
- Luckin Coffee's High-End Store Launch: China's Luckin Coffee opened its first high-end store in Shenzhen, marking a shift from its original budget coffee kiosk strategy to directly compete with Starbucks, a strategic move that could attract a more affluent consumer base and enhance brand image and market share.
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- Attractive Valuation: Micron currently trades at a forward P/E ratio of 12, significantly lower than other leaders in the AI chip market, and combined with the multi-year supercycle for HBM chips, this indicates strong investment potential for Micron stock.
- Dow Index Milestone: The Dow Jones Industrial Average has surpassed 50,000 for the first time, marking a significant recovery in the U.S. stock market, reflecting increased investor confidence in economic recovery, which may lead to more capital inflows into equities.
- Buying Opportunities: Stocks like JPMorgan, Apple, and Boeing have entered buy zones, indicating that the performance of these large companies has attracted investor interest, potentially driving their stock prices higher and enhancing market vitality.
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- Market Sentiment Improvement: The overall market sentiment is improving, as optimistic expectations for future economic growth may encourage more capital to flow into the stock market, thereby driving further increases in the overall market.
- Massive Market Potential: According to Bloomberg Intelligence, the total addressable market for AI accelerators is expected to grow at a 16% CAGR through 2033, reaching $604 billion, providing strong market support for Micron Technology.
- Surging Memory Demand: Micron's management forecasts that the memory market will grow from $35 billion in 2025 to $100 billion by 2028, indicating a much faster acceleration in demand for memory chips compared to the GPU market.
- Capex Driving Price Increases: Big tech is expected to spend over $500 billion on AI infrastructure this year, leading to shortages in high-bandwidth memory (HBM) solutions, with TrendForce research suggesting DRAM and NAND chip prices could soar by 60% and 38%, respectively, in Q1 alone.
- Significant Valuation Appeal: Micron currently trades at a forward P/E ratio of 12, significantly lower than other AI chip leaders, and combined with strong market trends, this gives investors confidence in its future performance.
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- Capital Expenditure Plans: The company plans to nearly double its capital expenditures in the coming year, primarily investing in AI infrastructure; despite market concerns about tech companies' ROI on AI, Alphabet's spending is viewed as effective.
- Cloud Business Growth: Google's cloud computing segment generated $17.7 billion in revenue in Q4, a 48% year-over-year increase, with operating income more than doubling to $5.3 billion, indicating a rising contribution to overall revenue, now at 15%.
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