Micron's Secret To AI-Driven Growth [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 11min Summary Micron's Q3 2024 revenue surged to $6.8 billion, an 82% YoY increase, driven by AI and data center demand. DRAM contributed 69% of total revenue with 13% sequential growth, while NAND grew 32%, reflecting strong market positioning. AI-related products like high-bandwidth memory led to a 50% revenue increase in the data center segment, and continued growth is expected. Micron's $8 billion CapEx plan focuses on expanding advanced manufacturing and infrastructure to support long-term growth through 2025. MU's RSI at 37 indicates it's nearing oversold territory, while Fibonacci retracement levels suggest a potential bullish reversal if price trends hold. imaginima/iStock via Getty Images Investment Thesis With the increasing demand for AI and data centers, Micron Technology ( NASDAQ: MU ) is well-positioned for long-term solid growth. The recent performance underlines that Micron manages its ups and downs with robust recoveries and expansion in key
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News
- If You Bought 1 Share of Micron Technology at Its IPO, Here's How Many Shares You Would Own Now [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Wells Fargo & Company from $190.00 to $175.00. They now have an "overweight" rating on the stock.MarketBeat
- Death Cross for MU Stock: Time to Buy Micron Based on Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Citigroup Inc. from $175.00 to $150.00. They now have a "buy" rating on the stock.MarketBeat
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at UBS Group AG from $153.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
MU
Earnings
- 6/26/24 - Beat
MU
Sec Filings
- 8/12/24 - Form 4
- 8/7/24 - Form 8-K
- 7/23/24 - Form 4
- MU's page on the SEC website