Three Tech Stocks in the Spotlight: Micron Technology, Volatus Aerospace, and First Solar

Micron Technology on a Roll: Profits Skyrocket

When profits and revenue multiply, it must be an absolute boom. And that is exactly where Micron Technology finds itself, as shown by the quarterly results released Wednesday after the market closed. The US technology company has virtually shattered even analysts' optimistic forecasts. In after-hours trading, the stock rose by double-digit percentages at times and is likely to help shape the action on Wall Street in the coming days. Revenue in the third fiscal quarter nearly quintupled to USD 41.46 billion. And profits are surging like never before, also coming in well above the market consensus. Adjusted earnings per share reached a whopping USD 25.11. Analysts had expected an average of just USD 20.78. However, the after-hours surge is likely due primarily to the outlook. In this regard, Micron did not disappoint in the least. The company expects fourth-quarter revenue of USD 50 billion and earnings per share of USD 31. The gross margin is projected to rise to a phenomenal 85%.

Micron Technology is thus benefiting more than almost any other company from investments in AI data centers. The memory chips produced by the company—founded in Boise, Idaho, back in 1978—are a key component of processors from Nvidia and Google, as well as part of large server farms, the backbone of artificial intelligence. The enormous demand has driven memory prices to unprecedented heights. As a result, prices for smartphones and laptops are also rising sharply. Interestingly, management confirmed that the company is virtually sold out through the end of 2027.

Micron Technology's shares had already clearly broken through the USD 1,000 mark on the Nasdaq. Yes, this is hype. But it is backed by profits. Anyone who wants to jump on this bandwagon after the steep rise—a sixfold increase in 12 months—will need strong nerves.

Volatus Aerospace: Drones for Civilian and Military Use

Drones are becoming increasingly important in military conflicts. In the Persian Gulf, they have likely cost the United States billions of dollars in equipment. And Russia is currently feeling the impact of how tiny Ukraine is scoring points in the war. For many military observers, it is clear that unmanned aerial systems will become increasingly important for a country's defense in the coming years and will be a staple of every military power's arsenal. Tanks and large warships, on the other hand, are likely to lose importance.

On the stock market, Volatus Aerospace offers investors a stock that precisely reflects this market. The Canadian company has a diverse range of drones in its product portfolio, each designed for specific missions. They can deliver ammunition to the front lines, but they can also deliver medicine to a village far removed from modern civilization. This saves costs and time, and, when all else fails, saves lives. In addition, Volatus Aerospace offers a wide range of services, from data analysis and training to maintenance.

Volatus CFO Abhinav Singhvi explained the company's strategy and detailed its 500 million pipeline.

https://www.youtube.com/watch?v=fURtUtX51IY

The company's success proves it right. For instance, the sales pipeline of approximately CAD 500 million exceeds Volatus's market capitalization, which currently stands at around CAD 420 million. Volatus Aerospace's order pipeline stems primarily from contracts with NATO member states. As a Canadian company, it certainly also benefits from the fact that not every European army necessarily wants to purchase US military equipment anymore. Added to this is an impending boom in its home country. The Canadian government has decided to increase the share of Canadian suppliers in national defense procurement to 70% of the budget in the long term. The goal is also to reduce dependency on its neighbour, the United States.

Volatus Aerospace has also reached an important milestone that will enable it to handle the upcoming growth. This month, the company commissioned its 53,000 square foot manufacturing and systems integration facility at Montreal-Mirabel International Airport. This lays the foundation for the company's own production capabilities. The facility is located in one of North America's most established aviation hubs and is part of the YMX Innovation Centre. Production has already begun: the first drone docking stations are rolling off the assembly line and being delivered to commercial customers. Production of Volatus's V-Series aircraft is expected to begin shortly.

The company is well-positioned financially for the next steps. A few weeks ago, the company raised CAD 34.5 million from investors through a capital increase. Volatus Aerospace's stock has roughly tripled since June 2025. However, after reaching its 2026 annual high in March, the share price underwent a sharp correction amid a turbulent market. When the stock finds a bottom, investors should look to buy in.

First Solar: Boom Thanks to Data Centers

Solar energy is gradually becoming cheaper because components are being manufactured in ever-larger quantities at ever-lower costs. China is the undisputed pioneer in this field, expanding its capacity faster than any other country. But the AI revolution in the US is suddenly making this decentralized technology attractive there as well. Anyone building data centers needs energy to operate them. But the US power grid can barely meet this enormous demand, especially since parts of it are already showing their age. Solar farms can power AI data centers across the vast expanses of the United States, especially since complementary battery storage solutions ensure supply is maintained even overnight.** Solar energy is often part of the energy mix.

One company benefiting from this surge in demand is First Solar. The market leader in the US solar energy sector is reaping significant benefits from the expansion of AI data centers. The Tempe, Arizona-based company is the largest provider in the domestic market. A good example is the power supply for a Microsoft data center in Arizona. The company is already committed to reducing its carbon footprint, but is reaching its limits due to the voracious energy consumption of its data centers. According to life-cycle analyses, the Series 6 and Series 7 modules manufactured by First Solar in the US have a carbon footprint up to six times lower than that of conventional silicon solar modules produced in Asia. In addition, the thin-film modules are considered highly efficient at high temperatures. They lose significantly less energy than traditional silicon panels, ensuring a more consistent power supply for server cooling and IT operations.

First Solar is now valued at approximately USD 27 billion on the stock market. In the first quarter, the company reported revenue growth of about 45%. Earnings per share rose even more sharply to USD 3.22. Recently, however, profit-taking has set in following a rally in the share price. The solid order backlog, totaling 47.9 gigawatts (GW) with a monetary value of approximately USD 14.4 billion, demonstrates the predictability of the business. Current risks primarily include delays in obtaining permits.

With First Solar, investors are betting on the energy demands of AI data centers. The recent correction could be an entry point. Volatus Aerospace is one of the few drone providers with a broad footprint active in both the civilian and military sectors. Micron Technology is benefiting immensely from the demand for memory in data centers. However, this stock has gotten quite hot. Currently, despite its low valuation, it is only suitable for the most seasoned investors!