Investing In Micron: Riding The Upturn In The Memory Chip Market [Seeking Alpha]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations:
investors.micron.com
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Source: Seeking Alpha
Play 19min Summary Micron Technology remains a buy despite recent underperformance, driven by strong AI-driven demand and expected recovery in PC, smartphone, and consumer electronics markets. Short-term concerns in the chip sector and inventory buildup by manufacturers have impacted Micron's ability to raise prices immediately. Micron's FY 2025 outlook is robust, with record revenue and profitability expected, supported by increased CapEx for advanced technology and new fabs. The cyclical nature of the memory chip industry poses risks, but Micron's valuation suggests significant upside potential, making it an attractive investment. vzphotos Micron Technology NASDAQ: MU ) has underperformed since I last wrote about and recommended the stock on April 19, 2024. Immediately after the April recommendation, the stock was up over 40% and reached a high of $157.54 on June 18. It has been all This article was written by Star Investments 5.15K Follower s Follow I hav
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News
- Micron Technology: An Outrageous AI Growth Bargain [Seeking Alpha]Seeking Alpha
- Micron Technology (MU) Launches High-Performance SSD, Baird Adjusts Price Target to $150 While Maintaining Outperform Rating [Yahoo! Finance]Yahoo! Finance
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- Lombard Odier IM's Asia-Beating Fund Trims AI Play That Drove Its Boom [Yahoo! Finance]Yahoo! Finance
MU
Earnings
- 9/25/24 - Beat
MU
Sec Filings
- 10/4/24 - Form 10-K
- 10/2/24 - Form 4
- 9/30/24 - Form 4
- MU's page on the SEC website