Analysts on Wall Street project that Micron (MU) will announce quarterly earnings of $1.10 per share in its forthcoming report, representing an increase of 202.8% year over year. Revenues are projected to reach $7.65 billion, increasing 90.9% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.P ...

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On Sept. 18, in its FOMC meeting, the Fed reduced the benchmark lending rate by 50 basis points, marking the first cut of the Fed Fund rate since March 2020. Although the first rate cut was certain in September, market participants are surprised about its magnitude. Just before the Fed’s decision, the CME FedWatch tool showed a 100% probability of a 25 basis-point cut and a 65% chance of a 50 basis-point reduction. Fed’s aggressive beginning of the low-interest rate regime has compelled a section of market ...

Micron Technology stock is down over 40% from its year-to-high peak as analysts turn bearish toward the memory market.In today's video, I discuss the bearish sentiment analysts are starting to see for Micron Technology (MU -1.55%) and my thoughts on the vast growth opportunity thanks to artificial intelligence (AI) chip demand. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Sept. 18, 2024. The video was ...

Semiconductor maker Micron Technology, Inc. (NASDAQ:MU) is slated to take to the earnings confessional, where it will report fiscal fourth-quarter financial results after the close on Wednesday, Sept. 25.Looking over its last eight earnings reports, MU has a history of outsized moves the following trading session. The equity jumped 14.1% after its March earnings report, and fell 7.1% following its June results. Regardless of direction, the options pits are pricing in a 13%  move this time around. No strange ...

Micron has been around since the 1970s, joining the stock market way back in 1984. How many shares would you have today, three stock splits later?Computer memory has been a lucrative business for decades, and Micron Technology (MU -1.12%) was always an important supplier of those crucial chips. The company was formed in 1978, made its first memory chip in 1981, and entered the public stock market in 1984.Micron soared over the next 20 years. It developed many industry standards and supplied chips to game-ch ...

The stock market has had to watch some of its previous darlings in the technology sector underperform in the past couple of weeks; investors can find the industry’s latest victim in shares of Micron Technology Inc. NASDAQ: MU as the stock has traded down from its recent high made in August 2024. A 24.3% decline from that level would mean the stock trades at roughly 56% of its 52-week high.Micron Technology TodayMUMicron Technology$88.47 -0.26 (-0.29%) 52-Week Range$63.83▼$157.54Dividend Yield0.52%Price Targ ...

The most recent trading session ended with Micron (MU) standing at $88.73, reflecting a +1.78% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.03%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.2%.Heading into today, shares of the chipmaker had lost 19.75% over the past month, lagging the Computer and Technology sector's loss of 1.2% and the S&P 500's gain of 1.54% in that time.The investment community will be closel ...

One of the leading providers of semiconductor memory solutions, Micron Technology, Inc. (MU) , recently flashed a bearish chart pattern after an eminent investment bank cut off its price target. So, what’s next for Micron investors? Shall they sell the stock or have faith in Micron’s fundamentals and hang on to it? Let’s see –  Micron Stock is Falling; Death Cross Pattern AppearsMicron’s shares and an array of other semiconductor stocks took a beating on Monday. The Micron stock slumped 4.4% and a death cro ...