Continued growth of demand for artificial intelligence hardware is proving a boon for this memory chip company.Shares of computer technology outfit Micron Technology (MU 13.62%) are up more than 15% midday Thursday following Wednesday evening's release of its fiscal fourth-quarter results. The stock's biggest single-day gain in over a decade, however, mostly stems from its bullish guidance for the quarter currently underway.Micron firing on all cylindersMicron Technology turned $7.75 billion worth of revenu ...

Semiconductor stock Micron Technology Inc (NASDAQ:MU) is soaring today and taking the rest of the sector with it. The chipmaker reported better-than-expected fiscal fourth-quarter results and an upbeat current-quarter revenue forecast, with help from growing artificial intelligence (AI) demand. MU was last seen up 17.2% to trade at $112.36. Advanced Micro Devices Inc (NASDAQ:AMD) stock is up 3.3% to trade at $167.30 at last glance, on track for a fourth-straight win and trading at its highest levels since J ...

Micron Technology TodayMUMicron Technology$110.76 +14.99 (+15.65%) 52-Week Range$63.83▼$157.54Dividend Yield0.42%Price Target$145.65Add to WatchlistMicron Technology, Inc. NASDAQ: MU proved the doubters and analysts wrong with a Babe Ruth-style homerun earnings report that saw revenues nearly double YoY driven by the artificial intelligence (AI) boom. The irony is that at least three analysts downgraded, trimmed estimates or lowered price targets for Micron ahead of its fiscal fourth-quarter earnings report ...

We discussed purchasing Micron Technology, Inc. (NASDAQ: MU ) stock during the recent meltdown, as the stock dropped into the $85-95 range. Micron had a monster run-up in late 2023 and the first half of 2024. Its stock climbed toAre You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2023 47% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the opening bell rings each morning.Implement my Covered Call ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Micron Technology, Inc. (MU) ended fiscal 2024 on a strong note by reporting strong fourth-quarter results. Fourth-quarter top and bottom lines surpassed the Zacks Consensus Estimate and marked a significant year-over-year improvement. Looking at the key metrics, while quarterly revenues came at the high end of the management guidance range, gross margin and earnings per share (EPS) exceeded the guidance.Micron reported non-GAAP EPS of $1.18, higher than the consensus mark of $1.10 and management’s forecast ...

Key TakeawaysMicron Technology shares surged Thursday on its strong outlook, leading Nvidia and other semiconductor stocks higher. Nvidia, its partner Micron, and other chip companies have seen their revenue and stock prices climb amid a boom in demand for infrastructure to support AI.Micron CEO Sanjay Mehrotra said Wednesday the company's sales have nearly doubled from a year ago, with record-high revenue expected in the current quarter. Micron Technology (MU) shares surged Thursday after the memory chip ...

After experiencing a strong downtrend at the start of September and trading near $87 through much of the month, Micron (NASDAQ: MU) stock suddenly exploded in extended session trading between Wednesday, September 25, and Thursday, September 26.MU stock 5-day price chart with the extended session rally. Source: FinboldTo be precise, MU shares ended the last session 1.88% in the green at $95.77% but then rocketed more than 15% to Micron’s price today, at press time, of $110.36. The uptrend started in after-ho ...

Micron Technology (NASDAQ: MU) has seen solid performance in the last year. Although the stock is currently up 33.88% year-to-date (YTD), a full 20% of those gains occurred over the past five days — and September 25 alone accounts for 12% of the upswing.Backtracking provides a clearer picture of MU’s price action in 2024. The stock spent the vast majority of the time in the green since the beginning of the year, reaching an all-time high of $153.45 in July.The following months saw a significant price revers ...

Micron Technology, Inc. (NASDAQ:MU) Q4 2024 Earnings Conference Call September 25, 2024 4:30 PM ET Company Participants Satya Kumar - Investor Relations Sanjay Mehrotra - President and Chief Executive Officer Mark Murphy - Executive Vice President and Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS C.J. Muse - Cantor Fitzgerald Krish Sankar - TD Cowen Joseph Moore - Morgan Stanley Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Operator Thank you for standing b ...