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 ...

A solid set of results later this month could help this semiconductor stock rise once again.Memory demand has been booming in 2024 as semiconductor companies, smartphone original equipment manufacturers (OEMs), and personal computer (PC) makers look to get their hands on compute and storage memory chips to churn out more artificial intelligence (AI) processors, generative AI smartphones, and AI-enabled PCs.As a result, the top and bottom lines of Micron Technology (MU -4.43%) are now growing at a breathtaki ...

koto_feja/E+ via Getty Images Micron Technology (NASDAQ:MU) shares have had a rough few months over fears that the memory upcycle may be stalling, and that AI demand could slow, which has led to a 40%+ selloff from 52-week and all-time highs. After spending much of fiscal year 2023 underwater (negative EPS in each quarter) due to low average selling prices from a memory supply glut, the last thing the company needs is a market shock to derail the ongoing recovery we have witnessed so far in FY2024. Howe ...

imaginima/iStock via Getty Images Investment Thesis With the increasing demand for AI and data centers, Micron Technology (NASDAQ:MU) is well-positioned for long-term solid growth. The recent performance underlines that Micron manages its ups and downs with robust recoveries and expansion in key segments. Micron's laser focus on advanced memory technology and strategic pricing improves its competitive advantage, and improvements in operations drive profitability. As AI adoption accelerates, along with highe ...

Memory chip maker Micron Technology Inc. NASDAQ: MU was the toast of the town when its stock was trading at $157.41 on June 18, 2024. The computer and technology sector leader was expected to be a huge benefactor of the artificial intelligence (AI) boom as it only made sense that its dynamic random access memory (DRAM) and NAND flash chips were a core component of AI infrastructure relying on massive amounts of data storage.However, sentiment has done a 180-degree reversal a mere 3 months later after a 44% ...

mesh cube Micron (NASDAQ:MU) is set to report earnings for its fourth-quarter as well as for FY 2024 on September 25, 2024, and I believe the memory and storage company has benefited from accelerating spending on high-bandwidth memory solutions in the last quarter. HBM products are quickly becoming Micron’s top products, and the company is expected to drastically increase HBM shipments going forward. Micron also guided for a significant Q/Q gross margin expansion in the fourth quarter, and the EPS estim ...

Micron Technology Inc (NASDAQ:MU) stock is 3.5% lower before the open, after a double downgrade at Exane BNP Paribas. The analyst downgraded the chip stock to "underperform" from "outperform" and slashed its price objective from $140 down to $67. Meanwhile, Raymond James issued a more modest price-target cut to $125 from $160. Both bear notes follow MU's summer slump, as it has underperformed its semiconductor sector peers since touching a June 18, all-time high of $157.53. The security began to fall after ...

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September syndrome is already visible in U.S. stock markets. Historically, September is the worst-performing month for Wall Street. This year, too, the situation remains challenging. In the first four trading days of this month, the three major indexes — the Dow, the S&P 500 and the Nasdaq Composite — tumbled 2.9%, 4.2% and 5.8%, respectively.  The extremely overvalued artificial intelligence (AI) stocks suffered the maximum brunt of a recent stock market meltdown. Despite the recent mayhem, the AI frenzy r ...

Micron Technology, Inc. (MU) saw its stock take a significant hit on Tuesday, dropping 8% in a single trading session. This sharp decline wasn’t an isolated incident but part of a broader market sell-off triggered by disappointing economic data. The weaker-than-expected August 2024 manufacturing report from the Institute for Supply Management (“ISM”) sent shockwaves through the market, particularly affecting tech stocks.The ISM’s Manufacturing Purchasing Managers' Index for August came in at 47.2, missing t ...