Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.
ASML (NASDAQ:ASML) and Micron (NASDAQ:MU) shares haven't been the hottest of semiconductor plays in recent years, to say the least.
In the latest trading session, Micron (MU) closed at $109.14, marking a -4.88% move from the previous day.
Latest earnings reports from leading chip stocks signal that the expansion phase of the current chip cycle is ending. Micron Technology, Inc., as one of the most cyclical chip stock, faces large downsides due to its particular product mix. Memory semiconductors and storage hardware are among the most discretionary and commoditized items for the IT industry, in my view.
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 delivered a strong FQ3 with better-than-expected bit shipments, pricing, and margins, signaling a somewhat surprising shift in the memory market environment, considering the prior earnings call tone. Guidance for FQ4 points to continued revenue and margin expansion, driven by tight inventories and constructive demand, especially in DRAM. The upcoming HBM4 transition and its higher pricing are set to provide tailwinds for FY26 and FY27, supporting a bullish long-term thesis and a fantastic outlook.
MU rises 36% YTD, outpacing rivals as AI demand boosts memory chip sales, and its valuation still looks attractive.
The memory-chip maker's latest high-bandwidth memory chips make Micron look better positioned than peers, Mizuho analysts say.
AI, auto, and mobile markets powered MU's DRAM sales up 51% in Q3, with FY25 revenue set for nearly 59% growth.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Nvidia ( NVDA ) just hit a staggering $4 trillion market cap, cementing its position as the most dominant force in the AI hardware space. It's an incredible milestone and one that reflects the company's overwhelming leadership in GPUs, data center infrastructure, and the broader AI compute stack.
Technology stocks have made an impressive recovery in the past three months or so following a difficult start to the year when a variety of factors, including a tariff-induced trade war, lofty valuations, and the lack of interest rate cuts by the Federal Reserve this year, spooked some investors.