KEY TAKEAWAYSMicron Technology shares climbed to a record high on Monday after Bank of America analysts raised their price target for the stock, saying the company is set to gain amid the artificial intelligence (AI) boom.The analysts named Micron, Marvell Technology and Advanced Micro Devices as a "junior samurAI" poised to gain after the firm's "top picks," Nvidia and Broadcom.Bank of America increased its price objective to $144 from $120, saying that Micron is poised to gain as AI tech relies on high-ba ...

Micron Technology (MU -1.04%) wowed investors last week with an outstanding set of results for the second quarter of its fiscal 2024, reporting a massive jump in its revenue and a surprise profit, and this sent shares of the memory specialist soaring.The chipmaker benefited from a jump in demand for memory chipsr. As a result, its revenue increased a massive 58% year over year to $5.8 billion. Micron is anticipating stronger year-over-year growth of 76% in its top line in the current quarter, driven by incr ...

The AI bull market is here. Stocks are back at all-time highs, thanks largely to a new boom in artificial intelligence (AI).The launch of ChatGPT has set off a race to be a leader in what top CEOs and major investors think will be the next transformative technology, generative AI. Nvidia, which sells the graphics processing unit (GPU) components that are the backbone of the advanced computing systems required for AI, has been the biggest winner so far. However, there are several other stocks primed to be wi ...

Both Nvidia (NVDA 0.12%) and Micron Technology (MU -1.04%) have been highly profitable investments in the past year, with their share prices rising rapidly thanks to the way artificial intelligence (AI) has supercharged their businesses.While Nvidia stock has gained 255% in the past year, Micron's gains stand at 91%. If you are looking to add one of these two AI stocks to your portfolio right now, which one should you be buying?The case for NvidiaNvidia has been the go-to supplier of graphics processing uni ...

Share prices of Micron Technology (MU -1.04%) took off big time following the company's fiscal 2024 second-quarter results (for the three months ended Feb. 29), which were released on March 20. The stock rose over 14% in a single session thanks to outstanding growth in revenue and earnings. Micron's metrics crushed Wall Street expectations, and its guidance was strong enough to confirm the company's turnaround has finally arrived.Over the past year, Micron stock is up 93%. Management's projections for futur ...

业绩简评 2024 年 3 月 21 日公司披露 FY24Q2 业绩（23.12~24.2），FY24Q2 营收、毛利率、利润全面超预期。FY24Q2（23.12~24.2）公司实 现营收58.24 亿美元，同比增长58%，环比增长 23%。GAAP 毛利率 18.5%，Non-GAAP 毛利率 20.0%，GAAP 净利润 7.93 亿美元， Non-GAAP 净利润 4.76 亿美元，均同环比实现扭亏，GAAP、 Non-GAAPEPS 分别为0.71、0.42 美元。 公司指引FY24Q3 营收 66±2亿美元，GAAP 毛利率 25.5%±1.5%， Non GAAP 毛利率 26.5%±1.5%，GAAP EPS 为 0.17±0.07 美元， Non GAAP EPS 为 0.45±0.07 美元。 经营分析 受益存储涨价，公司毛利率大幅改善。GAAP 毛利率来看，公司 FY24Q2 为 18.5%，FY24Q1 为-0.7%，FY23Q2 为-32.7%；Non-GAAP 毛利率来看，公司FY24Q2 为 20.0%，FY24Q1 为 0.8%，FY23Q2 为 美元(元) 成交金额(百万元) ...

证券研究报告 | 公司动态点评 2024 年 03月 27日 美光科技（MU.O） FY2024 Q2 业绩超预期，HBM3E 量产出货助力业绩增长 财务指标 FY2022A FY2023A FY2024E FY2025E FY2026E 增持（维持评级） 营业收入（百万美元） 30,758 15,540 21,225 28,298 37,077 股票信息 增长率yoy（%） 11.0 -49.5 36.6 33.3 31.0 净利润（百万美元） 8,687 -5,833 1,097 3,470 5,072 行业 电子 增长率yoy（%） 48.2 -167.1 118.8 216.4 46.2 收盘价（元） 118.80 ROE（%） 17.4 -13.2 2.4 7.1 9.4 总市值（百万元） 121644.38 EPS最新摊薄（美元） 7.84 -5.27 0.99 3.13 4.58 流通市值（百万元） 121644.38 P/E（倍） 15.1 -22.6 119.9 37.9 25.9 总股本（百万股） 1107.00 P/B（倍） 2.6 3.0 2.9 2.7 2.4 流通股本（百万股） 1 ...

The most recent semiconductor industry downturn, led by the steep falloff in consumer electronics (PCs and smartphones) spending after the pandemic, has been absolutely brutal on U.S. memory chipmaker Micron Technology (MU 0.33%). However, Micron is back in all-out growth mode, and it just turned a GAAP profit again in its last reported quarter (Q2 fiscal 2024, the three months ended in February 2024). Credit goes to a return of normal PC and smartphone purchasing, but another key factor is Nvidia's (NVDA 3 ...

Shares of Micron Technology (MU 0.01%) rallied 16.5% this week through 12:30 p.m. ET Friday, according to data from S&P Global Market Intelligence.Micron is one of only three major producers of DRAM memory, which is a key building block of all computing systems, and of course especially artificial intelligence (AI) systems. On Wednesday, the company released its fiscal second-quarter earnings report, which blew away expectations. Furthermore, guidance also showed strong sequential growth, as memory prices a ...

Key TakeawaysThe S&P 500 advanced 0.3% on Thursday, March 21, 2024, adding to its record high after the Fed reiterated its rate cut forecast for 2024.Semiconductor stocks posted strong gains, with shares of Micron Technology soaring after the firm beat quarterly estimates amid strong AI demand.Shares of Accenture dropped after the consulting firm reduced its guidance, citing macroeconomic uncertainties. Major U.S. equities indexes moved higher on Thursday, adding to the all-time highs posted in the previous ...