The Company specializes in application specific product development and support for customers in enterprise, government and OEM sales channels. All rights reserved. The fortunes of Zara founder Amancio Ortega and his daughter Sandra surged through their stakes in fast-fashion retailer Inditex SA as the vaccine study boosted hopes of consumers returning to brick-and-mortar shops. Reed Hastings, chief executive officer of movie and television streaming service Netflix, saw his wealth decline by $416 million. About SMART Global HoldingsThe SMART lines of business are leading designers and manufacturers of electronic products focused on memory and computing technology areas. Cramer said he would be "much more comfortable buying an airline stock up 10% than a cloud stock down 5%." Prior to joining Micron Technology, Inc., Mr. Adams served as COO of Lexar Media, Inc. in 2006. SMART is dedicated to developing cutting-edge technologies and customization services tailored to individual needs. By using this site you agree to the Ajay Shah to Continue to Lead the Board as Executive Chairman Changes Effective August 31, 2020. "I am excited to be in a position to lead the SMART team as the company continues its growth and diversification strategy," Mr. Adams commented. He said many of the companies in the Nasdaq don't benefit from the vaccine.Cramer said the vaccine coming is not good news for cloud stocks and not good for the big run-up in stay-at-home stocks.Some of the companies have risen this year as stay-at-home plays: "How many Nasdaq stocks can rally on this? Previously, Mr. Adams served as President of Micron Technology, Inc. from February 2012 to February 2016. Benzinga does not provide investment advice. From 2006 to February 2012, Mr. Adams served in a number of positions at Micron Technology, Inc., including as Vice President of Worldwide Sales and Vice President of Digital Media. “After a thorough evaluation process, the board is pleased that Mr. Adams has agreed to assume leadership of SMART Global Holdings as we continue our growth and diversification strategy,” said Mr. Shah. Forrest Li, the billionaire behind Singapore-based Sea, lost almost $1 billion as his company’s American depositary receipts fell 9.5% in the U.S. Monday. Thank you for your feedback. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. “I am excited to be in a position to lead the SMART team as the company continues its growth and diversification strategy,” Mr. Adams commented. Press Release SMART Global Holdings Names Mark Adams as New CEO Published: Aug. 13, 2020 at 4:06 p.m.

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