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Micron's AI-Driven HBM Demand and Data Center Growth to Fuel Stock Upside, Analysts Say
Benzinga· 2024-09-26 19:37
Micron Technology, Inc MU stock continued its upward trajectory Thursday after reporting upbeat quarterly results after the market closed on Wednesday. Micron reported fourth-quarter revenue of $7.75 billion, topping the analyst consensus estimate of $7.64 billion. The adjusted EPS of $1.18 beat the analyst consensus estimate of $1.13. Also Read: What's Going On With Nvidia, Broadcom, Intel, And Other Chip Stocks On Thursday? Micron expects first-quarter revenue of $8.7 billion, plus or minus $200 million, ...
Micron's HBM Chips in High Demand Amid AI Boom
FX Empire· 2024-09-26 08:03
Micron's technology is central to multiple hot industries today, driving innovation across sectors. In AI, for instance, its memory products play a critical role in processing vast amounts of data. In the automotive industry, Micron supports advancements in autonomous driving and advanced driver-assistance systems (ADAS). Its products also enhance the performance of client PCs and consumer electronics, enabling faster computing and more efficient data storage. In data centres and servers, Micron provides th ...
Micron Q4: HBM Growth Continues In 2025, Upgrade To Strong Buy
Seeking Alpha· 2024-09-25 22:32
Analyst's Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any inv ...
Micron: The Street Was Wrong, Full Steam Ahead
Seeking Alpha· 2024-09-25 21:55
Micron Technology, Inc. (NASDAQ: MU ) reported fiscal Q4 earnings after the close Wednesday to a positive reception, as the stock is up around 12% after hours. The company beat estimates on To follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, beginning with my inaugural published piece during my first year of college. I have ...
HudBay Minerals (HBM) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-09-20 23:21
HudBay Minerals (HBM) ended the recent trading session at $7.82, demonstrating a -1.01% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.36%. Shares of the mining company witnessed an of 0% over the previous month, trailing the performance of the Basic Materials sector with its gain of 2.2% and the S&P 500's gain of 2.06%. The investment community will be paying close attention to the e ...
HBM Stock Gains on Receiving Aquifer Protection Permit for Copper World
ZACKS· 2024-09-02 17:56
Hudbay Minerals (HBM) announced that it has received the Aquifer Protection Permit for its Copper World project from the Arizona Department of Environmental Quality ("ADEQ"). The stock jumped 4% on the news as the issuance of this permit cleared the second-last step before HBM can commence the construction of the Copper World project. The Copper World project in Arizona represents Hudbay Mineral's next significant copper growth project, with an expected annual copper production capacity of 85,000 tons over ...
Hudbay Receives Aquifer Protection Permit for Copper World
GlobeNewswire News Room· 2024-08-29 22:00
TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "Company") (TSX, NYSE: HBM) is pleased to announce that it has received an Aquifer Protection Permit for the Copper World project ("Copper World") from the Arizona Department of Environmental Quality ("ADEQ"). The company proactively engaged with the ADEQ, ensuring a transparent and thorough permitting process by providing comprehensive and detailed information. The issuance of this permit is a key milestone in the advancement ...
Applied Materials: Growth Potential In DRAM, HBM & Energy Efficiency; Initiate With Buy
Seeking Alpha· 2024-08-28 13:59
l 100 Print r Monty Rakusen Applied Materials (NASDAQ:AMAT) sells equipment, services and software to the semiconductor and display markets. I think the company is well positioned in the overall semiconductor equipment market, particularly in capturing the growth in HBM, DRAM and advanced packaging. The energy-efficient computing could potentially serve as a long-term growth tailwind for Applied Materials, in my view. I am initiating a 'Buy' rating with a one-year price target of $220 per share. High-bandwi ...
Hudbay Minerals(HBM) - 2024 Q2 - Quarterly Report
2024-08-13 21:16
Management's Discussion and Analysis of Results of Operations and Financial Condition For the three and six months ended June 30, 2024 August 12, 2024 TABLE OF CONTENTS Pag e INTRODUCTION This Management's Discussion and Analysis ("MD&A") dated August 12, 2024 is intended to supplement Hudbay Minerals Inc.'s unaudited condensed consolidated interim financial statements and related notes for the three and six months ended June 30, 2024 and 2023 (the "consolidated interim financial statements"). The consolida ...
Hudbay Minerals(HBM) - 2024 Q2 - Earnings Call Transcript
2024-08-13 20:13
Hudbay Minerals Inc. (NYSE:HBM) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Candace Brule - Vice President Investor Relations Peter Kukielski - President & Chief Executive Officer Eugene Lei - Chief Financial Officer Andre Lauzon - Chief Operating Officer Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital Lawson Winder - Bank of America Merrill Lynch Dalton Baretto - Canaccord Genuity * Operator Good morning, ladies and gentlemen. Tha ...