In today's video, I discuss Micron Technology (MU 4.04%) and recent updates affecting the memory giant. To learn more, check out the short video, consider subscribing, and click the special offer link below.
Micron (MU 4.49%) stock is moving higher in Friday's trading. The memory chip and storage solutions company's share price was up 4.1% as of 3:45 p.m.
Micron stock has swung wildly since its latest earnings report. DRAM demand remains strong while NAND oversupply seems poised to clear. Micron has the potential for a major recovery in operating results in Q4 and the second half of calendar year 2025.
Micron Technology, Inc. (NASDAQ:MU ) Wolfe Research Auto, Auto Tech and Semiconductor Conference February 12, 2025 8:50 AM ET Company Participants Mark Murphy - Chief Financial Officer Conference Call Participants Chris Caso - Wolfe Research, LLC Operator You have joined the meeting as an attendee and will be muted throughout the meeting. Chris Caso To speak with us, Mark Murphy, the CFO; and Satya Kumar from Investor Relations.
Micron (MU -2.15%) stock is losing ground in Wednesday trading. The company's share price was down 2.5% as of 1 p.m.
Micron's NASDAQ: MU share price is wallowing at long-term lows and is deeply undervalued. It is undervalued because of its industry placement, growth outlook, and stock price, a measly 14x earnings.
Micron CFO Mark Murphy mentioned various factors that could weigh on margins for next quarter, but he also said that period should mark the low point.
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's stock underperformed in 2024, but strong AI and cloud computing demand suggest a robust tailwind for the next few years. DeepSeek's cost-efficient AI models could boost overall AI adoption, increasing demand for Micron's memory solutions, despite initial investor concerns. Analysts project Micron's operating profit to grow from $9 billion in FY 2025 to $15 billion in FY 2026.
Micron's innovation and strategic partnerships, including with Pure Storage and TSMC, bolster its competitive positioning in the AI revolution. Strong financials with $7.5 billion cash and stable debt support Micron's growth initiatives; forward P/E ratio is highly attractive. Potential risks include competition from Samsung and geopolitical uncertainties, but Micron's multifaceted growth strategy remains compelling.
Micron (MU) closed at $94.51 in the latest trading session, marking a +0.97% move from the prior day.
In this video, I will cover the recent updates regarding Micron Technology (MU -1.36%) and the impact DeepSeek could have on the business. Watch the short video to learn more, consider subscribing, and click the special offer link below.