Micron CEO Sanjay Mehrotra joins CNBC's 'Squawk on the Street' to discuss his company's earnings beat, demand for AI resources, and more.
Micron Technology, Inc.'s stock dropped nearly 50%, making it a strong buy at $80-100 due to its low valuation and solid earnings. Micron's leadership in memory chips and AI demand, especially from data centers, positions it for substantial future growth. Micron's recent earnings beat expectations, with robust guidance and a potential forward P/E ratio of around seven, indicating undervaluation.
Micron Technology, Inc. is attractively valued at an estimated 12x forward non-GAAP EPS, with strong momentum in data centers and AI markets. Despite some concerns with debt and competitive pressures, Micron's robust guidance for fiscal 2025 supports a compelling value proposition. Micron's investment in advanced technologies, including AI memory solutions, is expected to drive continued growth in fiscal 2025.
MU's Q4 performance reflects the benefits of the robust demand for the product portfolio across DRAM and NAND technologies.
Micron Technology (MU) shares surged Thursday after the memory chip maker's revenue and outlook blew past expectations, leading Nvidia (NVDA) and other semiconductor stocks higher.
Micron Technology surged 15% on Thursday in premarket trading, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for semiconductors used to power generative AI technology.
CNBC's Arjun Kharpal breaks down Micron's earnings and discusses what they may signal about other areas of the chip market and tech.
As of Sept. 26, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Ben Emons, Chief Investment Officer and Founder at FedWatch Advisors, discussed market trends, noting Micron's upbeat outlook boosting tech stocks and the Fed potentially accelerating actions to control unemployment.
A look at the day ahead in U.S. and global markets from Mike Dolan
After experiencing a strong downtrend at the start of September and trading near $87 through much of the month, Micron (NASDAQ: MU) stock suddenly exploded in extended session trading between Wednesday, September 25, and Thursday, September 26.
Micron Technology (NASDAQ: MU) has seen solid performance in the last year. Although the stock is currently up 33.88% year-to-date (YTD), a full 20% of those gains occurred over the past five days — and September 25 alone accounts for 12% of the upswing.