Is This Semiconductor Stock a Better Artificial Intelligence (AI) Buy Than Nvidia Right Now? [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance
processing units (GPUs), which are being deployed in data centers to train large language models (LLMs) such as ChatGPT, leading to tremendous growth in the company's revenue and earnings. As a result, shares of Nvidia have set the market on fire in the past year, nearly tripling in value. This explains why Nvidia stock is now trading at an expensive 72 times trailing earnings. However, there is another company that is witnessing a terrific jump in revenue and earnings thanks to the growing adoption of AI, and it is much cheaper than Nvidia. Micron Technology (NASDAQ: MU) released its fiscal 2024 third-quarter results (for the three months ended May 30) on June 26, and the company reported a big jump in revenue and earnings. Let's see how AI is supercharging Micron's growth and check if it is a better AI stock to buy right now over Nvidia. Micron Technology is stepping on the gas Micron's fiscal Q3 revenue increased an impressive 81% year over year to $6.8 billion. More import
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MU
News
- Investing In Micron: Riding The Upturn In The Memory Chip Market [Seeking Alpha]Seeking Alpha
- 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
- A Cultural Gateway to China's Rich Heritage: "The Great Art of Dunhuang" Exhibition Opens in Shanghai [Yahoo! Finance Canada]Yahoo! Finance Canada
- Lombard Odier IM's Asia-Beating Fund Trims AI Play That Drove Its Boom [Yahoo! Finance Canada]Yahoo! Finance Canada
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