NVIDIA & 2 Other AI Stocks to Gain From Lower Interest Rates [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance
It slashed the benchmark interest rate by a half-point to 4.75-5% for the first time since March 2020. Interest rates have been hovering at a 23-year high to combat relentless price pressures. However, signs of inflationary pressure have ebbed recently, giving the Fed all the more reason to cut interest rates aggressively and let investors know that the central bank is not behind the curve. A lower interest rate scenario may lead to stock gains for major artificial intelligence (AI) tech players like NVIDIA Corporation NVDA, Microsoft Corporation MSFT and Micron Technology, Inc. MU. This is because interest rate cuts reduce their borrowing costs and boost profit margins. Interest rate cuts also don't disrupt the cash flows needed for growth initiatives to enhance shareholder's wealth. By the way, the euphoria about the AI revolution hasn't faded. It's here to stay and should drive the prices of NVIDIA, Microsoft and Micron northward. After all, NVIDIA provides technology for AI
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MU
News
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Stifel Nicolaus from $165.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at TD Cowen from $160.00 to $115.00. They now have a "buy" rating on the stock.MarketBeat
- 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
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