When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Micron Technology, Inc. announced that it'll exit its consumer business by February 2026 to prioritize AI-driven memory demand and capitalize on industry-wide shortages. The market was confused about how to understand the news; our take is that this won't negatively impact MU, considering consumer is not what's driving the company's outperformance. Instead, that would be DRAM, and HBM in specific, where MU holds the second-largest market cap after SK Hynix at 21%.
Strong financial performance, AI-driven momentum and low valuation multiples spark fresh interest in MU stock despite a YTD surge of 178%.
In the latest trading session, Micron (MU) closed at $234.16, marking a -2.23% move from the previous day.
Micron Technology is shutting down its Crucial consumer business, a move that would allow the company to redirect resources toward large artificial-intelligence and data-center customers demanding more of its memory and storage products.
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Micron Technology (MU) has a remarkable track record of rapid increases, with the stock climbing more than 50% in less than two months on several occasions, particularly in significant years such as 2013 and 2020. Moreover, it has experienced increases exceeding 30% in similar short periods multiple times.
Micron (MU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Micron (MU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
U.S. chipmaker Micron Technology will invest 1.5 trillion yen ($9.6 billion) to build a next-generation memory manufacturing facility in western Japan to support artificial intelligence computing, Nikkei reported on Saturday
Micron (MU) closed the most recent trading day at $230.26, moving +2.55% from the previous trading session.