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Micron Q1 Preview: AI Has Hit A Wall, This Is Good For Micron
Seeking Alpha· 2024-12-16 23:18
This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...
Why Micron's stock could be poised for a post-earnings gain — with one catch
MarketWatch· 2024-12-16 15:15
Investors scooped up shares of Broadcom Inc. and Marvell Technology Inc. after upbeat forecasts from those semiconductor companies in recent weeks. That creates an interesting setup for Micron Technology Inc. ahead of the company’s Wednesday earnings report, according to one analyst.As Wall Street further warmed to shares of Broadcom AVGO and Marvell MRVL in the wake of those companies’ reports, long-only funds rotated out of the memory sector, Mizuho desk-based analyst Jordan Klein wrote on Monday. And hed ...
AI Investment Boom to Aid Micron Technology's Q1 Earnings?
ZACKS· 2024-12-16 14:05
Micron Technology, Inc. (MU) is scheduled to report first-quarter fiscal 2025 results after market close on Dec. 18 and all signs point to another solid performance. The company is riding the wave of rising artificial intelligence (AI) investments and an improving memory chip market, positioning it as a key player in the tech sector’s ongoing transformation.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.AI Revolution Drives Demand for Micron’s Memory SolutionsThe rapid growth of AI ...
Wall Street Brunch: Fed Accompli
Seeking Alpha· 2024-12-15 19:02
LD Listen below or on the go on Apple Podcasts and Spotify Quarter-point cut expected, but tariffs could boost inflation next year. (0:18) Micron set to report earnings. (2:14) Goldman's 12 Days of Trading. (4:50) The following is an abridged transcript: It’s the most wonderful time of the year, if you’re a macro fan. The Federal Reserve meets for the last time this year and all of Wall Street expects a quarter-point rate cut to wrap up 2024. After the November jobs report and CPI failed to set off a ...
What Wall Street Analysts Think of Micron's Stock Ahead of Earnings
Investopedia· 2024-12-15 10:10
Key TakeawaysMicron Technology is set to report earnings after the market closes Wednesday.All but one of the analysts who follow Micron and are tracked by Visible Alpha have a "buy" or equivalent rating for the chipmaker.Analysts expect Micron to swing to a profit and post revenue growth of 84% year-over-year. Micron Technology (MU) is set to report fiscal 2025 first-quarter earnings after the market closes Wednesday, with analysts overwhelmingly bullish on the chipmaker's stock. All but one of the 15 anal ...
Micron (MU) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-12-13 15:15
Wall Street analysts forecast that Micron (MU) will report quarterly earnings of $1.75 per share in its upcoming release, pointing to a year-over-year increase of 284.2%. It is anticipated that revenues will amount to $8.71 billion, exhibiting an increase of 84.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe ...
Micron to Report Q1 Earnings: How to Play MU Stock Ahead of Results
ZACKS· 2024-12-12 16:50
Micron Technology, Inc. (MU) is slated to report first-quarter fiscal 2025 results after market close on Dec. 18.The company projects fiscal first-quarter revenues to be $8.7 billion (+/- $200 million). The Zacks Consensus Estimate for the top line is pegged at $8.71 billion, which implies strong year-over-year growth of 84.3%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Meanwhile, Micron estimates adjusted earnings of $1.74 (+/-8 cents). The consensus mark for the bottom line ha ...
Micron: A Solid Buy Into Earnings
Seeking Alpha· 2024-12-11 18:13
The last time we discussed Micron (NASDAQ: MU ), the company reported an excellent earnings announcement. In the previous quarter, Micron earned $1.18 in EPS, clocking in $7.75B in revenues, a 93.3% YoY gain. Micron surpassed the consensus estimates by 7 cents and $110M. In addition toAre You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2024 75% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the ...
Should You Buy Micron Stock Before Dec. 18?
The Motley Fool· 2024-12-11 14:22
Micron (MU -4.59%) is scheduled to report quarterly financial results that could have enormous implications for stock market investors.*Stock prices used were the afternoon prices of Dec. 8, 2024. The video was published on Dec. 10, 2024. ...
2 Artificial Intelligence (AI) Stocks That Are Screaming Buys in December
The Motley Fool· 2024-12-11 10:10
The growing adoption of artificial intelligence (AI) has lifted many technology stocks this year, and the good part is that this trend is likely to continue in 2025.Market researcher IDC forecasts that global AI-related spending could hit $337 billion next year and jump to a whopping $749 billion by 2028. As a result, technology companies selling AI-related hardware and software should ideally witness healthy growth in their businesses next year. That's the reason why investors would do well to buy shares o ...