Micron Technology is an American multinational semiconductor manufacturer with a market cap of about $110 billion that develops memory and data storage technologies. Micron Technology announced its results for fiscal Q4 2024 in late September, marking the company's dramatic turnaround thanks to strong memory recovery and location in lucrative areas such as AI. As memory prices rise, and demand, especially for AI solutions, continues to increase, I believe Micron will likely see robust sales and profit growth indeed in 2025.
These three stocks have dropped over 30% from their 52-week highs. At the same time, analysts expect strong revenue and earnings growth for them soon.
The company is bracing for fiercer competition in the supply of high-bandwidth memory chips.
Micron Technology Inc. (NASDAQ: MU), a key player in the semiconductor memory and storage industry, has experienced a turbulent 2024 marked by both highs and pullbacks.
Susquehanna Investment Group trimmed its stake in Nvidia while increasing its position in Micron by 271%.
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 has dominated the chip narrative for the last couple of years, but I think Micron Technology could wind up being a more important business in the long run.
Micron (MU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Micron (MU) reported earnings 30 days ago. What's next for the stock?
The semiconductor market is having a stellar 2024, and 2025 looks even better, driven by catalysts such as AI.
SK Hynix and Micron compete in selling high-bandwith memory chips for AI processors. There looks to be plenty of demand to go around.
Micron Technology is a buy due to strong technicals and fundamentals, with significant revenue and EPS improvements YoY and AI-driven growth prospects. Daily, weekly, and monthly technical analyses indicate a sustainable uptrend, with key support levels and bullish momentum outweighing mixed signals. Fundamentals show an impressive financial resurgence, with revenue and EPS beating expectations, and strong operating cash flows and gross margin improvements.