Chip stocks are on fire. Micron (MU) is up 5% on an upgrade with a $225 price target at UBS as pricing continues to improve. The rest of the chip sector have been on fire with AMD up 11% and up 40% in the last two weeks. Nvidia was up 2% today near all time highs and up 100% in the last six months.

Joby Aviation (JOBY) needs more cash. The aviation taxi company needs to raise more company since their revenue and operations are still negligible. The company raised $500 million, but with new stock, 11% below the stock’s closing price yesterday. The company is hoping to generate significant revenue next year.

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