Micron recently saw a lot of volatility around the earnings announcement and sold down to $85, but eventually recovered back to the $105 level where it traded for earnings, even though they saw a double beat with GAAP EPS that came in $0.11 above estimates at $1.67 and with revenue that came in $11.74 million above target to $8.71 billion.
In January 2016, Micron was in the midst of another industry pullback. However, it proved to be a fortuitous time to buy. Those who invested $10,000 at the low of $9.68 per share and held would now have 1,033 Micron shares, worth about $106,800 today!
History Says the Nasdaq Could Soar in 2025. Here Is 1 Dirt-Cheap Artificial Intelligence (AI) Semiconductor Stock to Buy Right Now.
We recently compiled a list of the Blackrock’s 30 Most Important AI Stocks. In this article, we are going to take a look at where Micron Technology (NASDAQ:MU) stands against the other AI stocks. In the third quarter of 2024,
Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to limit the export of advanced chips used for AI.
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Talk about artificial intelligence and you immediately think about Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), or even Palantir Technologies (NASDAQ:PLTR). But what if you have it all wrong? What if the future of AI is really Micron Technology (NYSE:MU)?
The rapid expansion of AI is creating an unprecedented demand for high-performance memory solutions, and Micron is at the forefront of this technological revolution. The company is experiencing ...
Micron Technology is investing $7 billion to build an advanced chip packaging facility in Singapore as the semiconductor giant expands its capacity to cater to booming demand for AI chips.
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The Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped roughly 2% after new economic data showed easing inflation, a relief to investors that also led to a decline in Treasury yields. Shares of many artificial intelligence (AI) stocks moved higher on the news.
We recently compiled a list of the Blackrock's 30 Most Important AI Stocks. In this article, we are going to take a look at where Micron Technology (NASDAQ:MU) stands against the other AI stocks.