Micron Technology, Inc. (MU)
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.
Micron's Stock May Plunge Following Earnings Results
Micron Technology, Inc. faces a high bar with implied volatility near 120% and heavy call-side positioning ahead of earnings. Analysts expect stellar results: Q2 EPS of $9.21, revenue of $19.9B, and rising margins, but even strong beats may not lift MU shares. Options pricing and gamma positioning suggest volatility dampening, with MU stock likely pinned between $450 and $460 post-earnings.
Why Micron (MU) is a Top Stock for the Long-Term
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Wall Street Analysts Think Micron (MU) Is a Good Investment: Is It?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Micron Stock Nears Record High Ahead of Earnings
Micron Technology (NASDAQ:MU) stock is 5.9% higher to trade at $451.18 today, after RBC hiked its price target to $525 from $425 and TD Cowen to $500 from $450.
AI-Driven Memory Chip Demand to Drive Micron's DRAM Revenue in Q2
MU's DRAM revenue is anticipated to soar 145% year over year in Q2 as AI workloads boost demand for high-performance memory.
Micron Jumps 6% on Taiwan Factory Acquisition and Looming Earnings Catalyst
Micron Technology (NASDAQ:MU) stock is up roughly 6% Monday morning, extending a 7.3% surge on Friday that followed news of Micron Technology's completed acquisition of a new Taiwan manufacturing site.
Micron and Sandisk stocks are soaring today, but the stunning memory chip rally could mean bad news for you
The prices of memory chip stocks are once again on the rise as a global shortage in random access memory (RAM) continues.
Here is why Micron stock is up over 4% today
Micron stock (NASDAQ:MU) was on track for a strong open on Monday as investors leaned into a familiar but increasingly powerful theme. The MU stock surged over 4% in the pre-market trading on 16th March, a strong move which comes days ahead of the company's fiscal second-quarter report on March 18.
