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Micron's Resurgence Is Here To Stay (Technical Analysis)
Seeking Alpha· 2024-10-24 07:29
After slumping around 50% in 2022, Micron Technology, Inc.'s (NASDAQ: MU ) latest resurgence is here to stay. As discussed below, the technicals are net positive in all time frames as the stock remains in an uptrend. In addition, the fundamentals look strong asI'm a technically-oriented Canadian investor with a focus on U.S. markets, particularly in tech and financials. I graduated with a Bachelor of Commerce Degree with Distinction, with a major in Finance. I'm also a proud lifetime member of the Beta Gamm ...
Got $5,000? 2 Top-Growth Stocks to Buy That Could Double Your Money
The Motley Fool· 2024-10-20 10:10
These two stocks look well positioned for a rebound. If you're looking to get started investing, $5,000 is a nice nest egg to start with. That's about what the average American makes in a month, and it can grow on the stock market faster than you might expect. The S&P 500 has historically returned an average of 9% a year with dividends reinvested, which means it would double every eight years thanks to the power of compounding. That means you would expect it to turn into $10,000 by 2032, $20,000 by 2040, an ...
Here's why Micron stock could see a major rally into 2025
Finbold· 2024-10-18 11:43
Micron Technology Inc. (NASDAQ: MU) has experienced a volatile 2024, marked by extreme highs and significant pullbacks. Now, market indicators suggest Micron stock could see a significant rally in 2025.After experiencing a strong downtrend at the start of September and trading near $87 for much of the month, the Idaho-based semiconductor giant has sharply rebounded in recent weeks, with a nearly 30% rally pushing the stock to $112.Micron five-day price chart. Source: Google FinanceWith several key factors w ...
Why Micron Could Rally All The Way Through Q4
MarketBeat· 2024-10-17 13:16
After a near-perfect 2023 in terms of gains, this year has been a return to reality for shares of semiconductor tech giant Micron Technology Inc NASDAQ: MU. After soaring 220% from the start of 2023 through this past June, its shares took a dive into September, falling 45%. However, in the past couple of weeks, Micron has bounced back with a 30% rally, and there are reasons to think we could be in for even more gains as we head into the final months of the year.The Idaho headquartered company, with a market ...
Why Micron Rallied Today
The Motley Fool· 2024-10-16 20:01
The company recovered from the semiconductor swoon yesterday and unveiled a new type of DDR-5 memory.Micron Technology (MU 4.75%) was caught up in yesterday's semiconductor swoon after ASML Holdings (ASML -6.51%) gave soft guidance for 2025. However, today it appears Micron is bouncing back from those fears, which were likely overblown in Micron's case. Shares of the memory chip leader surged 5% today as of 2:38 p.m. ET.In addition, the company unveiled new DDR-5 products for artificial intelligence (AI) PC ...
Micron: How An Ongoing Memory Cycle Meets A Corrective Chart
Seeking Alpha· 2024-10-15 19:21
Do two things to further your tech portfolio. First, click the 'Follow' button below next to my name. Second, if you want more of this two-fold fundamental and chart analysis, step up to being a paid subscriber to my Investor Group Tech Cache with a two-week free trial and read more of this type of analysis on other tech stocks and assets.In my last article in August , I outlined how the fundamentals for Micron Technology, Inc. (NASDAQ: MU ) were still holding up in this memory cycle. But I wanted to hear b ...
Micron: Bullish Catalysts In Motion
Seeking Alpha· 2024-10-13 15:00
As an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering long-duration growth opportunities and actively seek out opportunities that align with my risk-taker mindset. In addition to my appetite for growth, I also understand the importance of balancing the portfolio with low-volatility dividend-playing names to be a well-rounded investor. In my analysis ...
How Much Is Micron Stock Really Worth?
The Motley Fool· 2024-10-12 10:00
This semiconductor company is poised to benefit from the rising effectiveness of AI.Micron (MU 1.16%) is preparing to capitalize on an upswing in the semiconductor industry as AI drives increasing demand.*Stock prices used were the afternoon prices of Oct. 9, 2024. The video was published on Oct. 11, 2024. ...
Should You Forget Nvidia and Buy These 2 Tech Stocks Instead?
The Motley Fool· 2024-10-11 07:30
If you're worried about investing in Nvidia at its current valuation, you may want to take a closer look at these two other names.Nvidia (NVDA 1.63%) seems well on its way to end another year with stunning gains. Shares of the semiconductor giant have shot up more than 150% so far in 2024 after a stellar performance last year, and there is a good chance that it can continue to fly higher.After all, Nvidia management points out that the demand for its artificial intelligence (AI) chips continues to remain so ...
Think Micron Technology Stock Is Expensive? This Chart Might Change Your Mind.
The Motley Fool· 2024-10-10 13:21
Is Micron Technology a pricey tech stock or a hidden gem in plain sight? This eye-opening chart might help you decide.Some investors think Micron Technology (MU 0.15%) stock is incredibly expensive. In a certain slant of light, they're not wrong.The memory-chip maker's shares trade at -- make sure you have a seat -- 151 times trailing earnings and 932 times free cash flow today. That's a lofty valuation by anybody's standards.But there are other ways to assess Micron's market value. The company is in a posi ...