Micron results reignite the AI chip trade
Memory maker's blowout quarter lifts Asian chip stocks and US futures, easing fears the AI spending boom is fading
Company
Micron Technology Inc
NASDAQ:MU
Micron Technology Inc is an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on its customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron ® and Crucial ® brands.
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Nasdaq extends sell-off as Micron overtakes Meta and Tesla by market cap
The PCE price index rose to a 4.1% annual rate for May
Hardware & electrical equipment
Nasdaq closes at all-time high on AI, earnings optimism
Markets rallied after Donald Trump said on Monday that a “memorandum of understanding” aimed at ending the US-Israel conflict with Iran had been “largely negotiated”
Hardware & electrical equipment
Wall Street finishes a losing day as oil prices ease
Another broad decline in markets as attacks on Gulf energy sites sent energy prices soaring to three-year highs
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S&P 500 sets new closing record as GDP report boosts sentiment
Real GDP growth showed the longest period of solid growth since 2006
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US benchmarks end mixed after jobs data beat; S&P 500 clinches fifth-straight winning month
The latest report from ADP showed 692,000 jobs were added to the US private sector last month, better than market estimates of 550,000 to 600,000
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Dow's late fall into the red not enough to slow best month since November
The DJIA and S&P 500 improved 6.6% and 4.3%, respectively, in March
Hardware & electrical equipment
AMD leads chip stocks as Taiwan supplier sees uptick in orders
Taiwan Semiconductor Manufacturing Company observed increasing orders for 7nm smartphone chips
Investments and investor services
LATE MOVERS: Investors snack on Apple and chip stocks; Nike trips on 3Q results
Also making moves were Nike, Darden Restaurants, Micron and Conagra
Hardware & electrical equipment
Micron rallies after chipmaker beats Street's fiscal 2Q forecasts
The chipmaker posted an adjusted profit of $1.71 per share, beating the consensus of $1.67
Hardware & electrical equipment
Baird analyst reiterates Underperform rating on US chipmaker Micron Technology
The downcycle in DRAM memory chips has just started and NAND memory chips face reduced profitability, according to Baird's Tristan Gerra
Hardware & electrical equipment
Micron Technology plunges after gloomy earnings forecast sparks memory demand fears
Baird analyst Tristan Gerra reiterated underperform rating saying the ‘DRAM downcycle has just started’, while more ‘downside exists in NAND’
Hardware & electrical equipment
Micron’s DRAM and NAND contract pricing decline in November, says Baird analyst
The chipmaker’s DDR4 and TLC NAND contract pricing declined 5% month-over-month for November
Hardware & electrical equipment
Micron Technology downgraded to Underperform, price target for stock slashed to $32 by Baird
The analysts flagged China as “a risk notably for NAND” in 2021 while issuing the downgrade
Hardware & electrical equipment
Baird says Micron’s full ownership of IM Flash Technologies is a long-term positive
The analysts said the move gives Micron “full control over” its next-gen memory investments and capacity
Hardware & electrical equipment
Micron Technology will not see any rebound in its gross margin until 2020, says Baird analyst
After nine straight quarters of expansion, Micron’s gross margin peaked in the fiscal fourth quarter and so did its earnings per share, says Baird's Tristan Gerra
Hardware & electrical equipment
Micron Technology shares slip after CFO says Trump's tariffs will hit business and issues disappointing outlook
In the three months ended August 30, Micron reported earnings of US$4.33bn or US$3.56 per share, on revenue of US$8.44bn
EARLY MOVERS: Darden Restaurants shares take off after earnings beat and Tilray still making waves
Also in the frame before the New York bell was Thor Industries and Micron Technology, which report after the close
EARLY MOVERS: Darden Restaurants shares take off after earninbgs beat and Tilray still making waves
Also in the frame before the New York bell wasThor Industries and Micron Technology, which report after the close
EARLY MOVERS: Darden Restaurants shares take off after earninbgs beat and Tilray still making waves
Also in the frame before the New York bell wasThor Industries and Micron Technology, which report after the close
EARLY MOVERS: Darden Restaurants shares take off after earnings beat and Tilray still making waves
Also in the frame before the New York bell was Thor Industries and Micron Technology, which report after the close
Hardware & electrical equipment
Goldman Sachs cools toward Micron, downgrades stock to Neutral from Buy
The analysts turned negative as memory downturns usually 'last for several quarters’ and can spur an acceleration in price declines
EARLY MOVERS: Apple set to create big buzz as it reveals new iPhones; Micron Technology shares down after Goldman note
Also in focus in pre-market deals is Bausch Health Cos Inc, formerly Valeant, and Gilead Sciences
Hardware & electrical equipment
Baird analyst slashes price target on US chipmaker Micron Technology
Baird analyst Tristan Gerra says DRAM pricing is set to hit a peak in 3Q while the oversupply of NAND flash chips is worsening
Hardware & electrical equipment
Baird forecasts 10% sequential dip in NAND chip prices in 3Q, but keeps Outperform rating on Micron Technology
Micron’s memory chips are used to store information, in comparison to micro-processor chips which provide computing power
Hardware & electrical equipment
Analysts delve into the details about Micron Technology on release of its 10Q
Tristan Gerra of Baird Equity Research reiterated his Outperform rating on the US chipmaker and has it tagged with a US$100 price target
Wall Street closes lower amid light volumes and ahead of holiday
Exxon Mobil and Chevron are pushing up the Dow on the back of rising oil prices
Hardware & electrical equipment
Micron Technology sales increase 40% in its third quarter and reaffirm analysts’ confidence
The chipmaker surpassed Wall Street estimates for revenue and earnings
Hardware & electrical equipment
Chipmaker Micron Technology's outlook looks rosy as demand for DRAM and NAND flash memory chips surges
Maxim Group is reiterating its Outperform rating and a US$100 price on the shares
Hardware & electrical equipment
Micron Technology shares soar after unveiling Intel deal and a US$10bn stock buyback
The chip maker is authorizing the repurchase of US$10bn of common stock
World Wrestling Entertainment shares bout higher along with Micron Technology before the bell
Kohl's Corp and the New York Stock Exchange are also in focus before the bell
Hardware & electrical equipment
Micron Technology shares jump after boosting its 3Q fiscal earnings outlook
The chip maker's earnings for the fiscal third quarter look set to shoot into the range of $3.12 to $3.16
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PRE-MARKET MOVERS: Teva Pharmaceutical boosted as Buffett's Berkshire Hathaway buys in again; Verastem down
Retailer Macy's Inc and Micron Technology Inc are also in focus before the New York bell
Hardware & electrical equipment
Shares of Micron Technology decline after UBS recommends investors sell stock in initial coverage
The UBS research note on Micron cites 'big estimate cuts'
US stocks close lower, extending losses as US-China trade war worries gather pace
Spending bill signed by Trump failed to lift market sentiment
Nike Inc, Micron Technology, Cisco Systems, Pfizer and more - PRE-MARKET
After a sharp plunge in the markets on Thursday, Proactive takes a pre-market peek into the movers and shakers in New York
Hardware & electrical equipment
Micron Technology stock falls on second quarter results
"Micron executed exceptionally well in the second quarter, delivering record results and strong free cash flow driven by broad-based demand for our memory and storage solutions”
US benchmarks mainly in red at close
A look at the US and Canada markets on the day - March 12
Hardware & electrical equipment
Apple shares weak after Taiwan suppliers drop on report of slow down in iPhone demand
In a Christmas Day report, the Economic News Daily said sources had told it that one supplier, Hon Hai has frozen some hiring at one factory