SINGAPORE, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) broke ground today on a new High-Bandwidth Memory (HBM) advanced packaging facility adjacent to the company's current facilities in Singapore. Micron marked the occasion with a ceremony attended by Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry of Singapore, Png Cheong Boon, Chairman of the Singapore Economic Development Board, Pee Beng Kong, Executive Vice President of the Singapore Economic Developmen ...

Shares of Micron (MU 2.67%) were sliding last month after the memory-chip maker offered disappointing guidance in its fiscal first-quarter earnings report.The sell-off following the report wiped out some solid gains, as the stock rose earlier in the month after the Commerce Department finalized a $6.17 billion subsidy related to the CHIPS Act for the company to build new manufacturing plants in New York and Idaho.According to data from S&P Global Market Intelligence, the stock finished the month down 14%. A ...

Micron (MU 6.29%) stock is making gains in Tuesday's trading. The memory technologies company's share price was up 6.1% as of 11:15 a.m. ET, despite the S&P 500 (^GSPC -0.49%) being down 0.4% and the Nasdaq Composite (^IXIC -1.14%) down 1.2%.Micron is climbing today after Nvidia (NVDA -4.64%) CEO Jensen Huang mentioned the company as a components supplier during his keynote speech at the kickoff of CES last night in Las Vegas. Huang said that Micron's chips would be included as part of his company's upcomin ...

Micron Technology Inc. MU is making waves at CES 2025, with shares jumping 3.7% in early trading after Nvidia Corp NVDA CEO Jensen Huang gave the company a major shoutout.Nvidia's Blackwell Chips: A Boost For MicronHuang confirmed Micron's high-bandwidth memory (HBM) chips power Nvidia's latest Blackwell architecture, calling them a game-changer for AI and graphics workloads."We're using Micron's G7 memory at 1.8 terabytes per second — double the performance of the previous generation," Huang noted while un ...

Micron Technology Inc. (NASDAQ: MU) saw its stock surge nearly 4% in premarket trading on January 7, following Nvidia (NASDAQ: NVDA) CEO Jensen Huang’s highly anticipated keynote at CES 2025.Huang named Micron as a key supplier of memory chips for Nvidia’s newly unveiled GeForce RTX 50 Blackwell gaming GPUs, igniting investor enthusiasm around Micron’s growing role in the rapidly growing AI and gaming hardware markets.Micron’s five-day stock price. Source: Google FinanceAfter experiencing a downtrend starti ...

The newest P510 SSD offers fast Gen5 NVMe performance to enable smoother, more immersive gaming and application experiences Crucial P510 SSD Micron's newly launched Crucial P510 SSD features read and write speeds of up to 11,000/9,550 megabytes per second, bringing blazing fast Gen5 performance to the masses. LAS VEGAS, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Consumer Electronics Show — Micron Technology, Inc. (Nasdaq: MU), today announced expansions across its Crucial consumer memory and storage portfolio, i ...

Industry and Market Trends - Micron Technology (MU) shares led a broad chip rally amid optimism that robust AI demand will continue to drive sector growth this year [2] - Foxconn posted record fourth-quarter revenue driven by booming demand for AI servers, while Microsoft announced plans to invest $80 billion in data centers in fiscal 2025 to power AI technology [2] Company Performance and Positioning - Micron, a memory chip manufacturer, is well positioned to benefit from surging AI infrastructure demand as its silicon is used in the latest AI processors from chipmaking giants like Nvidia and Advanced Micro Devices [3] - Micron shares jumped 10.5% on Monday to close at $99.26, gaining 18% in just three trading sessions this year, outpacing the iShares Semiconductor ETF's (SOXX) 6% return over the same period [3] Technical Analysis and Price Levels - Micron shares have remained rangebound since bottoming out in early August, establishing identifiable support and resistance levels [5] - The stock gapped lower in mid-December but found buying interest near the August and September swing lows, with Monday's rally occurring on the highest trading volume since mid-December, indicating buying conviction [5] - Key overhead areas to watch include the $110 level, near the 200-day moving average and a trendline linking peaks and troughs from March to December, and the $130 level near the April peak [7] - Important support levels to monitor include the $97 level, just 2% below Monday's closing price, and the $85 level near last month's low, aligning with the August and September troughs [8][9] Market Focus and Investor Sentiment - Micron shares could remain in focus on Tuesday after leading a broad chip rally to start the week, with investors watching key overhead areas around $110 and $130, and support levels near $97 and $85 [10]

Why is Nvidia giving Micron stock a huge boost?Micron Technology (MU 12.13%) stock is surging in Monday's trading. The storage solutions company's share price was up 11.7% as of 1 p.m. EST amid the backdrop of a 1% gain for the S&P 500 index and a 1.5% rally for the Nasdaq Composite index.Micron stock is gaining ground today thanks to Nvidia-related news. Investors got a new indicator that demand for the artificial intelligence (AI) leader's hardware remains very strong, and there's also excitement that the ...

Micron Technology, Inc. (MU) faced a challenging close to 2024, with shares plunging 14.1% in December 2024 alone. The recent sell-off stems from its second-quarter fiscal 2025 guidance falling short of Wall Street expectations.Image Source: Zacks Investment ResearchMicron projected revenues of $7.9 billion (+/- $200 million) and EPS of $1.23 (+/- 10 cents), both significantly below analyst estimates of $8.96 billion and $1.95, respectively. This guidance disappointed investors, overshadowing the company’s ...

Training and running advanced artificial intelligence (AI) models requires powerful accelerators, and those accelerators, in turn, require ultra-fast memory chips capable of moving data quickly. While PCs, servers, and smartphones can make do with standard memory chips, AI accelerators generally use high-bandwidth memory (HBM).As such, HBM is in high demand, and memory chip manufacturers like Micron (MU 2.91%) have been shifting some of their production capacity to take advantage. While this shift was expec ...