News
MU
120.13
+4.73%
5.43
Is Micron Technology Stock Going to $150? 1 Wall Street Analyst Thinks So.
Micron Technology shares have nearly doubled over the last 12 months. The demand for high-bandwidth memory in artificial intelligence servers could be a catalyst for further gains. The company's revenue jumped 57% in its fiscal 2024 second quarter. Micron stock is trading at a reasonable valuation based on fiscal 2026 earnings estimates.
The Motley Fool · 5h ago
Stocks Settle Higher on Solid Earnings and Fed Rate Cut Optimism
NASDAQ · 7h ago
US STOCKS-Wall Street closes higher for third session on rate cut optimism
Wall Street closes higher for third session on rate cut optimism. Indexes extend gains from end of last week. Tyson Foods shares sink on worries over consumer demand. Spirit Airlines hits record closing low on weak revenue outlook. Dow Jones Industrial Average up 0.46%, S&P 500 up 1.03%, Nasdaq 1.19%. U.S. Stock indexes closed higher on Monday for third straight session. Investors continue to gain hope of the Fed cutting interest rates this year.
Reuters · 8h ago
US STOCKS-Wall Street ends higher for third session on rate cut optimism
U.S. Stock indexes end higher for third session on rate cut optimism. Indexes extend gains from end of last week. S&P 500, Dow Jones Industrial Average and Nasdaq end up for third straight day. Fed policymakers say there is a greater chance of the central bank cutting interest rates this year.
Reuters · 9h ago
Technology Sector Update for 05/06/2024: LAZR, AAPL, PRFT, MU
NASDAQ · 9h ago
US STOCKS-Wall Street gains as investors renew hopes for Fed rate cuts
U.S. Stock indexes rise on Monday as investors renew hopes for Fed rate cuts. S&P 500 and Nasdaq hit three-week highs after Friday's payrolls data. Spirit Airlines slumps to record low after reporting weak revenue outlook. Tyson Foods and Paramount Global fall after disappointing quarterly results.
Reuters · 11h ago
Monday Sector Leaders: Technology & Communications, Industrial
NASDAQ · 11h ago
Intel, Micron Among Winners In Biden's $280B CHIPS Act For Semiconductor Advancement
The Biden administration aims to attract semiconductor companies focusing on digital twins. Digital twins are virtual representations of physical chips. The CHIPS Manufacturing USA institute seeks to create regional networks for companies to collaborate. The act aims to leverage the $280 billion CHIPS and Science Act.
Benzinga · 11h ago
Biden Administration Unveils $285M Funding For Semiconductor Institute
U.S. Department of Commerce is seeking proposals for a CHIPS Manufacturing USA institute focused on digital twins for the semiconductor industry. Digital twins are virtual models that mimic the structure and behavior of a physical counterpart. The Biden administration has earmarked $285 million for the first-of-its-kind institute.
Benzinga · 11h ago
Technology Sector Update for 05/06/2024: PRFT, MU, GRRR
NASDAQ · 11h ago
What's Going On With Micron Tech Stock On Monday?
Micron Technology Inc (NASDAQ:MU) shares are trading higher. Baird upgraded the stock from Neutral to Outperform and raised its price target from $115 to $150. Citi analyst Christopher Danely remains bullish on the U.S. Semiconductor sector. The SIA announced March monthly sales of $50.8 billion.
Benzinga · 11h ago
Notable Monday Option Activity: DG, MU, ULTA
NASDAQ · 12h ago
Micron gains as Baird upgrades on HBM strength; adds to top semi ideas
Micron gains as Baird upgrades on HBM strength; adds to top semi ideas list. Shares rose 4.8% in mid-day trading. Firm says it is "catching the train a bit late" with the upgrade. HBM could be 20% of Micron's revenue by 2025.
Seeking Alpha · 12h ago
US STOCKS-Wall Street climbs on renewed hopes of Fed rate cuts
U.S. Stock indexes extend last week's gains on renewed hopes of Fed rate cuts. S&P 500 and Nasdaq at three-week highs after softer-than-expected jobs data on Friday. Tyson Foods falls 7.5% after disappointing second-quarter results. Paramount Global up as bidders await word on Skydance deal.
Reuters · 13h ago
Nasdaq 100 Movers: WDAY, MU
NASDAQ · 14h ago
S&P 500 Movers: TSN, PARA
NASDAQ · 14h ago
Notable ETF Inflow Detected - QQQ, AMD, HON, MU
NASDAQ · 14h ago
Micron Upgrade, Nvidia Rally Power Nasdaq Higher
The PHLX Semiconductor Index is up 1.5% Monday. Driving the rally is Micron Technology, whose shares were recently up 5%. Analysts at Baird upgraded Micron shares to outperform. The stock is on pace to close as the top performer in the S&P 500 and the Nasdaq 100.
The Wall Street Journal · 14h ago
Micron Technology Best Performer in the S&P 500 and Nasdaq 100 So Far Today -- Data Talk
Micron Technology, Inc. Is currently at $120.46, up $5.76 or 5.02%. Best performer in the S&P 500 today. Up three consecutive days; up 41.15% year-to-date. Down 5.9% from its all-time high of $128.01 on April 3, 2024.
Dow Jones · 15h ago
Why One Analyst Upgraded Micron's Stock After 3 Years
Baird's Tristan Gerra now expects Micron's stock to hit $150 this year because of stronger pricing for memory chips. Gerra raised his call to Outperform, the equivalent of Buy, for Micron Technology's stock. The stock was already up 35% in the past year and a half.
Barron‘s · 15h ago
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About MU
Micron Technology, Inc. is a provider of memory and storage solutions. The Company offers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company’s segments include Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment includes memory and storage products sold into smartphone and other mobile-device markets. The EBU segment includes memory and storage products and solutions sold into automotive, industrial, and consumer markets. The SBU segment includes SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. It sells its products into various markets through its business units in numerous forms.