Micron Technology, Inc. (MU)
New Fed "Dot Plot" Sends Markets Sliding
The Fed's new dot-plot calls for just one rate cut this year and one in 2027.
Micron (MU) Beats Q2 Earnings and Revenue Estimates
Micron (MU) came out with quarterly earnings of $12.2 per share, beating the Zacks Consensus Estimate of $8.8 per share. This compares to earnings of $1.56 per share a year ago.
Micron stock falls despite AI demand driving blowout earnings, outlook
Micron Technology delivered a blockbuster set of second-quarter results on Wednesday, underscoring the strength of demand for memory chips driven by artificial intelligence and data center expansion. The company reported adjusted earnings per share of $12.20, far exceeding Wall Street expectations of about $9.19.
Micron reports record Q2 results on strong AI demand
Micron Technology Inc (NASDAQ:MU) reported fiscal second quarter results that exceeded expectations, as strong demand for memory tied to artificial intelligence continued to drive growth and profitability. For the quarter that ended on February 26, the company posted revenue of $23.86 billion, almost tripling from $8.05 billion a year earlier and rising sharply from $13.64 billion in the prior quarter.
Micron revenue almost triples, tops estimates as demand for memory soars
Micron has benefited from a memory supply shortage driven by surging demand for Nvidia's AI chips. Among the 10 most valuable tech companies in the U.S., Micron is the only one that's seen gains in its stock price this year.
Micron beats quarterly revenue estimates
Chipmaker Micron Technology beat Wall Street estimates for second-quarter revenue on Wednesday, benefiting from a surge in demand for its memory chips used in artificial intelligence hardware.
What to expect from Micron's Q2 earnings today?
Micron Technology is set to report its fiscal second-quarter earnings after the bell on March 18, with investors bracing for a high-stakes release as the chipmaker rides a powerful wave of demand driven by artificial intelligence. Analysts expect Micron to report earnings of around $9.19 per share on revenue nearing $19.7 billion, according to FactSet data.
Here's How Much Micron Stock Is Expected to Move After Earnings
Micron Technology is set to report earnings after the market closes Wednesday, with traders anticipating the memory chipmaker's stock could reach new highs following the report.
5 Things to Know Before the Stock Market Opens
Stock futures are slightly higher ahead of the release of inflation data and a Federal Reserve decision on interest rates; the Fed is widely expected to hold its key rate steady, but market participants will be focused on Chair Jerome Powell's comments about how the war is affecting the outlook for the economy and interest rates; crude oil futures are down slightly as investors monitor developments in the Middle East that could affect supply; Micron is scheduled to report earnings after the closing bell as shares of the memory chip maker trade at record highs; and the Producer Price Index for February is due out this morning, giving investors a look at where wholesale inflation stood before the Iran war started. Here's what you need to know today.
Micron rides memory price spike into earnings with stock up 62%, drubbing its tech peers
Micron is expected to report 148% revenue growth for the February quarter as average selling prices surge 32% quarter over quarter. The memory provider's stock has soared thanks to a shortage brought on by heavy demand for Nvidia's artificial intelligence chips.
Micron Continues to Display The Power of the Zacks Rank
The stock is a perfect example of the Zacks Rank in action. The company was thrust into the highly-coveted Zacks Rank #1 (Strong Buy) in August of last year thanks to rising EPS revisions, with shares soaring since.
Why Micron stock hit a new ATH ahead of earnings
Shares of Micron Technology climbed to an all-time high of $458.21, pushing the company's market capitalisation to roughly $510 billion, as investors continued to bet on sustained demand for artificial intelligence infrastructure. The rally marks a sharp 346.88% gain over the past year, reflecting a broader re-rating of memory chip makers amid the ongoing AI boom.
