Micron Technology Inc. (MU)
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Micron: Bottom Fishing The Buy Signals (Technical Analysis)
We correctly identified Micron Technology's short-term Sell signal and long-term Buy signal, with recent earnings confirming the long-term Buy outlook. The weekly chart shows a switch from a Sell to a Buy signal, with MU outperforming the Index and forming a bullish double bottom. Short term, MU's price is dropping due to day traders filling the gap from panic buying, but we don't expect it to retest the bottom.
Micron Has Significant Upside In The Midcycle
Micron is well-positioned for the next wave of data center buildouts, driven by strong AI training and inferencing demand that outstrips GPU capacity. Management is expanding capacity through new foundries in Idaho & New York and is converting an LCD facility in Taiwan to a DRAM production test facility. HBM capacity is sold out for CY24 and CY25, indicating strong demand, while DRAM and NAND pricing are expected to improve due to balanced supply and demand.
What's Going On With Micron Stock?
The semiconductor company is prepared for the upcoming increase in customer demand.
Should You Buy Micron Stock After the Excellent Earnings Report?
Micron Technology beat expectations and gave an optimistic outlook, making investors excited.
Micron Shares Surge on Outlook, Defying Analyst Expectations. Is the Stock a Buy Now?
Micron reported strong fiscal Q4 results and offered solid Q1 guidance. The company is seeing strong demand for its HBM chips that go into AI chipsets.
Micron: Still Dirt Cheap Despite The Recent Recovery - Upgrade To Buy
MU is inherently undervalued with a promising recovery, driven by the growing demand for AI-related memory products during the data center capex boom. The stock's extremely cheap PEG non-GAAP ratio of 0.18x highlights its compelling investment thesis compared to its sector peers, despite the recent recovery. MU's promising FQ1'25 guidance and the market's long-term growth projections suggest significant upside potential, with the worst of inventory correction well behind us.
Micron: A Huge Buying Opportunity That You Shouldn't Miss
Micron's earnings eased oversupply fears as investors realized they had been too pessimistic. Micron's business cyclicality has heightened fears. However, the AI growth inflection could sustain its current upcycle momentum. MU has highlighted its focus on gaining more share in higher-value segments, underpinning its profitability growth.
Micron: Q4, I Was Wrong, Surging AI Demand Bridges Blackwell Delays (Rating Upgrade)
Micron's Q4 earnings exceeded expectations, driven by strong AI demand for advanced DRAM and NAND products, despite concerns about Nvidia's Blackwell chip delays. The company's consistent AI-driven memory demand suggests a shift from cyclical volatility to stable EPS growth, enhancing Micron's long-term outlook. Micron's forward P/CF ratio indicates a transition from an investment-heavy phase to a harvesting phase, signaling strong future cash flow generation.
Micron Technology: Expect Continued Rallies (Rating Upgrade)
Micron Technology's stock has surged recently, driven by strong demand for AI memory chips and impressive earnings, warranting a "strong buy" rating. Fiscal Q1 2025 guidance indicates potential record revenues of $8.5-8.9 billion and earnings of $1.66-1.82 per share, surpassing analyst expectations. Despite recent price volatility, Micron's forward P/E and price-to-book ratios remain attractive compared to industry rivals, suggesting undervaluation.
1 Spectacular Semiconductor Stock Down 21% You'll Wish You'd Bought on the Dip
Nvidia is the leading supplier of graphics processing chips (GPUs) for developing artificial intelligence (AI). Micron makes high-bandwidth memory chips that are used in many of Nvidia's data center GPUs.
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