Micron (MU) reported earnings 30 days ago. What's next for the stock?
The semiconductor market is having a stellar 2024, and 2025 looks even better, driven by catalysts such as AI.
SK Hynix and Micron compete in selling high-bandwith memory chips for AI processors. There looks to be plenty of demand to go around.
Micron Technology is a buy due to strong technicals and fundamentals, with significant revenue and EPS improvements YoY and AI-driven growth prospects. Daily, weekly, and monthly technical analyses indicate a sustainable uptrend, with key support levels and bullish momentum outweighing mixed signals. Fundamentals show an impressive financial resurgence, with revenue and EPS beating expectations, and strong operating cash flows and gross margin improvements.
These two stocks look well positioned for a rebound.
Micron President and CEO Sanjay Mehrotra goes one-on-one with 'Mad Money' host Jim Cramer to talk quarterly results, its New York investment, the state of the semiconductor space and more.
Micron Technology Inc. (NASDAQ: MU) has experienced a volatile 2024, marked by extreme highs and significant pullbacks. Now, market indicators suggest Micron stock could see a significant rally in 2025.
After a near-perfect 2023 in terms of gains, this year has been a return to reality for shares of semiconductor tech giant Micron Technology Inc NASDAQ: MU. After soaring 220% from the start of 2023 through this past June, its shares took a dive into September, falling 45%.
The company recovered from the semiconductor swoon yesterday and unveiled a new type of DDR-5 memory.
Analysts were overly pessimistic about Micron's earnings, but the company exceeded expectations with strong guidance, particularly in HBM and DRAM demand. I recap Micron's supply and demand situation, focusing on the weaker end markets of PC and mobile. Reconciling the bullish memory market with a corrective chart has some options, but it's not the new all-time high expectations bulls have.
Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.
Micron is swiftly recovering from the 2023 geopolitical-related revenue and profit dip, leveraging strong AI and data center demand to fuel its resurgence. Micron's collaborations with key semiconductor leaders like Nvidia position it at the forefront of the AI revolution, ensuring robust demand for its high-bandwidth memory products. With products sold out until 2025, Micron's commitment to innovation and strong pricing power drive strong profitability and reinforce its competitive edge in the HBM and SSD markets.