Micron Technology, Inc. (MU)
Micron: Q4, I Was Wrong, Surging AI Demand Bridges Blackwell Delays (Rating Upgrade)
Micron's Q4 earnings exceeded expectations, driven by strong AI demand for advanced DRAM and NAND products, despite concerns about Nvidia's Blackwell chip delays. The company's consistent AI-driven memory demand suggests a shift from cyclical volatility to stable EPS growth, enhancing Micron's long-term outlook. Micron's forward P/CF ratio indicates a transition from an investment-heavy phase to a harvesting phase, signaling strong future cash flow generation.
Micron Technology: Expect Continued Rallies (Rating Upgrade)
Micron Technology's stock has surged recently, driven by strong demand for AI memory chips and impressive earnings, warranting a "strong buy" rating. Fiscal Q1 2025 guidance indicates potential record revenues of $8.5-8.9 billion and earnings of $1.66-1.82 per share, surpassing analyst expectations. Despite recent price volatility, Micron's forward P/E and price-to-book ratios remain attractive compared to industry rivals, suggesting undervaluation.
1 Spectacular Semiconductor Stock Down 21% You'll Wish You'd Bought on the Dip
Nvidia is the leading supplier of graphics processing chips (GPUs) for developing artificial intelligence (AI). Micron makes high-bandwidth memory chips that are used in many of Nvidia's data center GPUs.
Stocks Head for Third Consecutive Winning Week Amid String of Record Closes
Recent economic data reinforces the underlying strength of this bull market.
Micron's Earnings Don't Change Our Bearish View
Micron's strong earnings and market reaction don't justify its valuation, with FCF annualized at sub 1%, making it a poor investment. Heavy investments in fabs and AI could strain financials, with capex growth potentially risky if the market downturns. Competition from SK Hynix and Samsung, both ahead in AI memory technology, poses significant challenges to Micron's market position.
Micron: Q4 Signals To Buy Now For An Exceptional FY25 Price Return
Micron stock is currently well-positioned for strong FY25 returns. Despite a high valuation, especially after sentiment improved following its strong Q4 report, this could be sustained for now. Toward the end of FY25, it is reasonable to expect downside volatility as a result of lower growth forecasts for FY26. Therefore, this is a substantial short-term opportunity. That being said, Micron is investing heavily in its long-term capacity with new fabs being built and an effort to compete in HBM4 with SK Hynix and Samsung.
Why Micron Rallied 21% This Week
Micron delivered a beat on revenue, earnings, and guidance. AI demand is leading to a surge in data center DRAM demand.
Micron: As FY25 Begins, Get Ready For A Fresh Rally
Shares of Micron popped 15% after reporting Q4 results and announcing bullish remarks for FY25, and I recommend holding on for further gains. Micron expects substantial profitability, gross margin expansion, and healthy supply-demand dynamics for DRAM and NAND in FY25. Data center sales continue to be robust as AI applications demand more HBM chips, while refresh cycles are compressing for both PCs and mobile phones.
Micron Technology Just Delivered Spectacular News for AI Semiconductor Investors
Micron Technology's earnings caused the semiconductor market to rally.
Micron To $150? Here Are 10 Top Analyst Forecasts For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Micron Stock Leaps 16% — More To Come?
Micron Technology (NASDAQ: MU) stock surged by about 16% in pre-market trading on Thursday, following a stronger-than-expected Q4 earnings report. Revenue rose 93% year-over-year to $7.75 billion, with adjusted earnings at $1.18 per share.
S&P 500 Gains and Losses Today: Micron Stock Pops as Sales and Guidance Impress
Major U.S. equities indexes pushed higher as the latest estimates from the Bureau of Economic Analysis showed that U.S. gross domestic product (GDP) growth slightly outpaced expectations in the second quarter of 2024.
