The latest trading day saw Micron (MU) settling at $91.24, representing a -1.36% change from its previous close.
Eric Ross, chief investment strategist at Cascend Securities, discusses Samsung's chip business and how it's being "leapfrogged" by SK Hynix and Micron in the DRAM market.
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 Technology's growth is driven by AI development and US government support, including a $6.1 billion agreement for new DRAM manufacturing plants. The company is a major player in DRAM and NAND markets, with significant revenue from data centers, PCs, and mobile devices. Despite competition, Micron aims to capture a 20%-25% share of the high-bandwidth memory market by 2025.
Many tech stocks are soaring sky-high in early 2025. The artificial intelligence (AI) boom that started about two years ago is going strong.
Shares of Micron Technology (MU -1.57%) have gotten off to a hot start in 2025, gaining an impressive 30% as of this writing and outpacing the 8% gains clocked by the PHLX Semiconductor Sector index. And analysts expect the memory specialist to deliver more upside in the coming year.
Micron (MU) reachead $103.19 at the closing of the latest trading day, reflecting a -1.57% change compared to its last close.
In today's video, I discuss the recent updates impacting Nvidia (NVDA -1.07%) and Micron Technology (MU -0.94%)after SK Hynix reported earnings. To learn more, check out the short video, consider subscribing, and click the s pecial offer link below.
Chip designer Nvidia (NVDA 0.10%) is a hot topic. Its 147% total return in 52 weeks is among the 10 best performances on the S&P 500 (^GSPC 0.53%) index.
Micron (NASDAQ: MU) makes memory chips and storage for phones and computers.
Why Micron Technology Stock Is Sinking Today
Artificial intelligence (AI) has been one of the hottest investment themes on Wall Street in 2024. Although the euphoria surrounding AI seems to have lessened by now, the allure of high-quality and fundamentally strong AI-powered stocks is still strong -- on the back of strong demand for AI solutions across industries and functions.