Nvidia won investors' respect this year with its off-the-hook revenue growth. But the S&P 500 AI champ is about to get bumped to second place.
In the latest trading session, Micron (MU) closed at $97.95, marking a -0.25% move from the previous day.
Micron (MU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Micron investors have held their ground firmly above the $95 level, even as the stock has underperformed its semi-peers since peaking in June. Micron's growth prospects in the high bandwidth memory market appear robust. Nvidia must depend on its AI memory supply chain to improve its supply constraints, bolstering near-term opportunities for Micron to gain more share.
MU has dropped 15% from recent highs despite strong earnings and an upbeat Q1 2025 forecast. Concerns over memory demand and oversupply are looming. Micron's high-margin product offerings will drive growth and offset weakness.
Micron may prove to be a solid pick in the coming months.
Both chipmakers are on track to deliver outstanding growth thanks to the robust demand for AI chips.
The latest trading day saw Micron (MU) settling at $99.18, representing a -0.74% change from its previous close.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Micron's fundamentals are improving, with promising new product releases and significant growth in R&D spending, supporting a 'Strong buy' recommendation. Wall Street analysts forecast aggressive revenue and EPS growth, with FY2025 revenue expected to be 24% higher than FY2022. Micron is capitalizing on favorable trends in data centers, mobile, and automotive markets, with significant CapEx and R&D investments.
New analysis suggest that Micron's performance in 2025 could fall short of investors' expectations.
Micron's recent gains and strategic moves are promising, but risks persist. Here's why holding the stock is the best move now.