Micron turned in a blockbuster fiscal Q2 and issued impressive guidance. The stock isn't expensive if AI infrastructure spending continues to be a secular tailwind.
The technology sector remains a focal point for investors seeking growth, even as the broader stock market experiences volatility.
Share prices for Micron and Nvidia fell this week, despite evidence that demand for artificial intelligence systems is still booming. WSJ's Dan Gallagher explains why.
MU rides on AI server demand as DRAM sales surge and HBM supply tightens, boosting pricing power and revenue growth outlook.
Micron Technology (NASDAQ:MU) has been one of the most explosive stories in semiconductors over the past year.
Micron reported explosive growth driven primarily by pricing, with DRAM prices up mid-60% and NAND prices rising high-70% year-over-year. Gross margins are accelerating toward 80%, supported by supply constraints and limited ability to meet only 50% to two-thirds of demand. Strategic Customer Agreements, including a new 5-year contract, signal a shift toward longer-term revenue visibility and pricing discipline.
Micron Technology (NASDAQ:MU) CEO Sanjay Mehrotra has been consistent about where his company is headed.
Micron Technology's stock was already cheap heading into Wednesday's earnings report, and it's even cheaper in the aftermath.
The Middle Eastern conflict has severely affected the stock markets. From the US to Europe to Asia, markets are bleeding, and stocks that have enjoyed a strong run prior are coming down to reality.
Post-earnings pullbacks after monster beats often create attractive re-entry points.
Shares of Micron Technology fell about 5% on Thursday, even after the chipmaker reported stronger-than-expected fiscal second-quarter results. The company nearly tripled its revenue in the latest quarter, driven by robust demand for memory chips used in artificial intelligence systems.
Micron Technology Inc (NASDAQ:MU) shares fell more than 5% in Thursday morning trading after the memory chipmaker reported results and outlook that drew mixed reactions from analysts, who largely pointed to strong fundamentals but flagged near-term margin and pricing dynamics. The stock move followed Micron Technology's latest quarterly report released after Wednesday's market close, which highlighted continued strength in demand tied to artificial intelligence but also guidance that some investors viewed as conservative relative to pricing trends.