Micron Technology, Inc. (MU)
Where Will Micron Technology Stock Be in 1 Year?
Micron Technology reported terrific growth and its guidance is solid. The booming demand for Micron's AI-focused high-bandwidth memory will help it sustain its strong growth momentum.
Our Digital Infrastructure Theme Which Includes Micron And Nvidia Surges 30% This Year On AI Demand. What's Next?
Our theme of Internet Infrastructure Stocks – which includes a diverse set of companies that sell hardware and software that underpin the Internet including server processors, graphics units, memory, and networking equipment - has fared very well this year, rising by 31% year-to-date, well ahead of the Nasdaq 100, which remains up by roughly 20%. This follows a solid 2023, which saw the theme rise by 66% over the year.
Micron Q3: Good Quarter, Bad Cash-Flow (Rating Downgrade)
Micron beat revenue and earnings expectations in fiscal Q3 2024, but stock price slumped in extended-hours trading. Concerns over lower-than-expected cash flow and just in-line guidance for the current quarter led to a downgrade in rating. Despite strong revenue growth driven by AI demand, cash flow underperformance and potential risks warrant a more cautious approach.
Micron Technology: The Stock Trading At 14.7x P/E In 2025 Is A Buy (Rating Upgrade)
Micron suffered from a 7% pullback post-earnings despite beating Q3 FY2024 expectations and providing better-than expected Q4 guidance, presenting a compelling buying opportunity. Its top-line growth has rebounded significantly from a 50% decline in FY2023, driven by the AI boom, with an expected 60.5% YoY growth in FY2024 and robust margin expansion. The Street remains bullish on MU's earnings growth outlook, projecting a significant 672.6% YoY non-GAAP EPS increase in FY2025.
Micron: Short Term Sell Signal, But Long Term Buy Signal (Technical Analysis)
Micron (MU) dropped post-earnings, triggering a buy-on-weakness signal with SID Buy Signal and continued inclusion in our 2024MP Model Portfolio. MU outperforming Index trend, likely to attract portfolio managers adding to positions on pullback, identified support levels on the chart. Chart signals will show bottom for buying on weakness when portfolio managers start buying again at lower prices.
Micron: The Meltdown Is Not Over - Still Expensive Here
The market has overreacted to MU's double beat FQ3'24 earnings call and promising FQ4'24 guidance, with the stock losing -16% of its value since the recent peak. It is apparent by now that the pulled forward rally over the past few quarters have not been sustainable, with the stock still expensive here. Despite the robust generative AI tailwinds for MU's HBM/ SSD segments and the potential record high revenues in 2025, we believe that the stock needs another deep pullback to $110s.
Forget Nvidia: Here's Another Spectacular Semiconductor Stock to Buy Right Now, According to Wall Street
Nvidia stock staged an incredible run over the last 18 months, but it now looks quite expensive. Investors might find better value in other stocks in the artificial intelligence (AI) chip space, like Micron Technology.
Micron Q3 2024 Earnings: Brace For More Turbulence Ahead
Micron Technology, Inc.'s delivery of robust F3Q24 results were overshadowed by a weaker than expected guidance, underscoring limitations to its ability in matching resilient industry growth levels. A deeper dive into its revenue drivers during F3Q24 also shows emerging cracks in the durability of Micron's long-term growth trajectory, given extended capacity restraints and intensifying competition. With elevated reliance on gradually dampening price tailwinds in the near-term, investors' focus will likely shift towards longer-term considerations, including execution risks on the Idaho and New York greenfield fabs.
Micron Stock Drops, Pulls Down Other Top Semiconductor Stocks
Disappointing guidance from memory-chip maker Micron Technology spurred selling among semiconductor stocks on Thursday.
Why Artificial Intelligence (AI) Stock Micron Technologies Stumbled Thursday
Micron delivered revenue and earnings results that easily surpassed expectations. Wall Street was expecting the company to boost guidance but didn't get what it wanted.
Micron Earnings: Here's Your Buying Opportunity
Micron's stock surged to nearly $160 due to AI optimism and strong earnings, but has since retreated. Micron reported solid earnings, but the stock sold off due to guidance in line with expectations. Micron is in our $125-135 buy-in zone, offering a good buying opportunity with the potential for robust profitability and revenue growth.
4 Key Takeaways From Micron's Earnings Call
After Micron Technology (MU) reported fiscal third-quarter profit that missed analysts' estimates and offered soft revenue guidance, Micron executives joined the company's earnings call Wednesday, where they discussed their expectations for record revenue in 2024 and 2025, Micron's position to gain in the artificial intelligence (AI) era, and more.
