Core Viewpoint - A securities class action lawsuit has been filed against Micron Technology, Inc. for allegedly making materially false and misleading statements regarding its business and product demand during the specified Class Period from September 28, 2023, to December 18, 2024 [1][2]. Group 1: Allegations Against Micron - The lawsuit claims that Micron's management overstated the demand for its products, particularly in consumer markets and for NAND products, which had significantly deteriorated [2]. - It is alleged that the company misrepresented the recovery of demand and the normalization of inventory levels for its products, leading to materially false public statements [2]. Group 2: Lead Plaintiff Process - Investors in Micron have until March 10, 2025, to seek appointment as a lead plaintiff, representing the interests of the class in the litigation [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and is responsible for selecting legal counsel for the class [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Core Insights - Micron Technology has announced the shipment of samples for its 1γ (1-gamma) sixth-generation DRAM node-based DDR5 memory, marking a significant advancement in memory technology aimed at next-generation CPUs [1][2] - The 1γ DRAM node is designed to enhance performance and power efficiency, providing up to 15% speed increase and over 20% power reduction compared to the previous generation [1][5] - This innovation is expected to support the growing demand for high-performance memory solutions across various applications, including data centers, AI PCs, smartphones, and automotive technologies [1][3] Performance and Efficiency - The 1γ DRAM node offers speed capabilities of up to 9200MT/s, which is a notable improvement over its predecessor [1] - The technology utilizes next-generation high-K metal gate CMOS technology, resulting in over 20% lower power consumption and improved thermal profiles [5][10] - The enhanced bit density output of the 1γ node allows for more than 30% increase in bits-per-wafer output compared to the previous generation, facilitating efficient memory supply scaling [5][9] Industry Impact - The introduction of the 1γ DRAM node is positioned to address the increasing memory demands driven by AI applications in data centers and edge computing [2][3] - Micron's collaboration with industry leaders like AMD and Intel highlights the strategic importance of the 1γ technology in advancing the compute ecosystem [6] - The 1γ memory solutions are expected to revolutionize the AI ecosystem by providing scalable memory solutions across all segments, enhancing performance and energy efficiency [3][4] Product Integration - The 1γ node will be integrated across Micron's memory portfolio, including data center solutions that enable faster performance and energy efficiency [4][10] - Specific applications include low-power DRAM solutions for Edge AI, which enhance user experiences, and LPDDR5X memory for mobile devices that improve battery life and performance [10]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Micron Technology, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about the demand for its products, particularly in the consumer market for NAND products [1]. Group 1: Allegations - The complaint claims that during the class period from September 28, 2023, to December 18, 2024, Micron's management failed to disclose a significant deterioration in demand for its products, especially NAND products [1]. - It is alleged that the company overstated the recovery of demand for its products and the sustainability of that demand, leading to misleading public statements [1]. - The lawsuit asserts that these misleading statements resulted in an artificial inflation of Micron's stock price [3]. Group 2: Class Action Details - Shareholders who purchased shares of Micron during the specified class period are encouraged to register for the class action, with a deadline of March 10, 2025, to seek lead plaintiff status [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates on the case's progress [2]. - There is no cost or obligation for shareholders to participate in this class action [2].

Core Viewpoint - The Micron Technology, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding product demand and financial performance, leading to significant stock price declines following disappointing financial results [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Klein v. Micron Technology, Inc., and covers purchasers of Micron common stock from September 28, 2023, to December 18, 2024 [1]. - Investors have until March 10, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Micron's executives failed to disclose a significant deterioration in demand for its NAND products, leading to overstated recovery claims [3]. Group 2: Financial Performance and Impact - On December 18, 2024, Micron reported a greater-than-expected revenue decline in NAND flash memory and issued disappointing guidance for Q2 FY2025 [4]. - The guidance included adjusted earnings projected between $1.33 and $1.53 per share, below the $1.92 estimate, and sales expected between $7.7 billion and $8.1 billion, with the midpoint below the $8.99 billion estimate [4]. - Following the announcement, Micron's stock price fell by more than 16% [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Micron stock during the class period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [5]. - Investors' potential recovery is not contingent on serving as lead plaintiff [5].

Core Viewpoint - A securities class action lawsuit has been filed against Micron Technology, Inc. for allegedly making materially false and misleading statements regarding its business and operations during the specified Class Period from September 28, 2023, to December 18, 2024 [1][2]. Group 1: Allegations Against Micron - The lawsuit claims that demand for Micron's products, particularly NAND products, significantly deteriorated, which was not disclosed by the company [2]. - It is alleged that Micron overstated the recovery of demand for its products and the normalization of inventory levels, leading to misleading public statements [2]. - The complaint asserts that these misrepresentations rendered the company's public statements materially false and misleading throughout the Class Period [2]. Group 2: Lead Plaintiff Process - Investors in Micron can seek to be appointed as lead plaintiff representatives by March 10, 2025, or choose to remain absent class members [3]. - The lead plaintiff will represent the interests of all class members and select counsel to direct the litigation [3]. - Participation as a lead plaintiff does not affect the ability of investors to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4]. - The firm encourages Micron investors who have suffered losses to contact them for more information [4].

Core Viewpoint - Micron Technology, Inc. (NASDAQ: MU) is considered deeply undervalued, leading to a Strong Buy recommendation due to its strong management and focus on business expansion [1]. Company Analysis - The company is well managed, with a consistent focus on business expansion driving its fundamental strength [1]. - The stock is perceived as undervalued, indicating potential for significant price appreciation [1]. Investment Philosophy - The investment approach emphasizes thorough research and a long-term perspective, which has been effective in navigating various market cycles [1]. - There is a growing focus on value stocks while maintaining exposure to growth opportunities within the investment portfolio [1].

Company Performance - Micron's stock closed at $103.18, reflecting a -1.13% change from the previous session, underperforming the S&P 500, which lost 0.43% [1] - Over the past month, Micron's stock has decreased by 4.46%, while the Computer and Technology sector gained 0.32% and the S&P 500 increased by 2.6% [1] Earnings Expectations - Analysts expect Micron to report earnings of $1.43 per share, indicating a year-over-year growth of 240.48% [2] - The consensus estimate for revenue is projected at $7.9 billion, representing a 35.6% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $6.72 per share and revenue at $35.22 billion, reflecting changes of +416.92% and +40.27% respectively from the prior year [3] - Recent changes to analyst estimates suggest a positive outlook for Micron's business trends [3] Valuation Metrics - Micron's current Forward P/E ratio is 15.54, which is a discount compared to the industry's average Forward P/E of 16 [6] - The Computer - Integrated Systems industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 77, placing it in the top 31% of over 250 industries [6] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Micron at 4 (Sell) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 2.7% [5]

Core Viewpoint - A securities class action lawsuit has been filed against Micron Technology, Inc. for allegedly making materially false and misleading statements regarding its business and product demand during the specified class period from September 28, 2023, to December 18, 2024 [1][3]. Group 1: Allegations Against Micron - The lawsuit claims that Micron's management overstated the demand for its products, particularly in consumer markets and for NAND products, which had significantly deteriorated [3]. - It is alleged that the company misrepresented the recovery of demand and the normalization of inventory levels for its products, leading to materially false public statements [3]. Group 2: Legal Process and Participation - Investors in Micron have until March 10, 2025, to seek appointment as lead plaintiff in the class action, which involves representing the interests of all class members [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case, and they will select counsel to represent the class [4]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5].

Core Points - Micron Technology, Inc. will hold its fiscal second quarter earnings conference call on March 20, 2025, at 2:30 p.m. Mountain time [1] - The call will be available for live webcast and replays for approximately one year on Micron's Investor Relations website [1] Company Overview - Micron Technology, Inc. is a leader in innovative memory and storage solutions, focusing on transforming how information is used to enrich lives [2] - The company emphasizes customer focus, technology leadership, and operational excellence, offering a portfolio of high-performance DRAM, NAND, and NOR memory products under the Micron® and Crucial® brands [2] - Micron's innovations support the data economy and advancements in artificial intelligence and compute-intensive applications, impacting various sectors from data centers to mobile user experiences [2]

Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Micron Technology (MU), and highlights the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank. Group 1: Brokerage Recommendations - Micron has an average brokerage recommendation (ABR) of 1.34, indicating a consensus between Strong Buy and Buy based on 29 brokerage firms' recommendations [2] - Out of the 29 recommendations, 24 are Strong Buy and 2 are Buy, which account for 82.8% and 6.9% of all recommendations respectively [2] - Despite the positive ABR, relying solely on this information for investment decisions may not be wise, as studies show limited success of brokerage recommendations in predicting stock price increases [4] Group 2: Analyst Bias and Limitations - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, often issuing five "Strong Buy" recommendations for every "Strong Sell" [5] - The interests of brokerage firms may not align with those of retail investors, leading to misleading recommendations [6][9] - The Zacks Rank, which is based on earnings estimate revisions, is presented as a more reliable indicator of near-term stock price performance compared to ABR [7][10] Group 3: Zacks Rank vs. ABR - Zacks Rank and ABR are fundamentally different; ABR is based solely on brokerage recommendations, while Zacks Rank is a quantitative model that reflects earnings estimate revisions [8] - The Zacks Rank is timely and reflects current business trends, whereas ABR may not be up-to-date [11] - For Micron, the Zacks Consensus Estimate for the current year has declined by 2.7% to $6.72, indicating growing pessimism among analysts [12] Group 4: Investment Outlook for Micron - The recent decline in the consensus estimate has resulted in a Zacks Rank of 4 (Sell) for Micron, suggesting caution despite the Buy-equivalent ABR [13]