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0.00020114653525089 0.00020114653525089 0.0011565925776928 0.000905159408629221 0.00241375842301111 0 0.000603439605752814 0.00201146535250933
Stock impact report

Why Micron Stock Dropped 4% Today [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
ET Monday morning after investment bank Morgan Stanley dramatically slashed its price target on the computer memory maker. Up until today, Morgan Stanley had been saying Micron stock was worth $140 a share. Now, the banker believes Micron may be worth as little as $100. What Morgan Stanley said about Micron What changed? In today's note, Morgan Stanley analysts explained that their view of Micron has two main parts: high bandwidth memory chips (HBM) and everything else. Within the HBM market for chips facilitating artificial intelligence functions , everything is still hunky dory. "HBM is expected to generate significant profits for Micron," assures Morgan Stanley, and "strong demand from AI companies ensures solid profitability" even if profit margins erode as more competitors enter the market. On the other hand, the analyst takes "a cautious stance on the broader memory market," warning that DRAM semiconductor chips are in oversupply. And even if semiconductor stocks shift Show less Read more
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