Why Micron Stock Sank Today [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance
Micron's valuation is slipping today in conjunction with a new report published by Edgewater Research. Edgewater thinks that the demand outlook for Micron's NAND and DRAM chips will be weaker than previously anticipated, and investors are responding to the analysis by moving out of the stock. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Edgewater's recent research note brought bearish analysis for Micron on two separate but related fronts. For starters, the analysis suggests that demand for NAND memory solutions is weakening among original equipment manufacturers and cloud service providers. Demand for NAND solutions among data center customers is expected to come in somewhere between flat and a slight increase next year. Making matters worse, Edgewater's analysts are also seeing pricing forecasts for NAND across all major segments come down. DRAM prices are also projected to come down. As opposed to the supply-cons
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MU
News
- Micron Technology to Report Fiscal First Quarter Results on December 18, 2024 [Yahoo! Finance]Yahoo! Finance
- Micron Technology to Report Fiscal First Quarter Results on December 18, 2024GlobeNewswire
- Nvidia shares slump 3% in premarket as quarterly revenue growth slows [CNBC]CNBC
- Micron (MU) Stock Moves 0.65%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Here's Why Micron Technology (MU) Detracted in Q3 [Yahoo! Finance]Yahoo! Finance
MU
Earnings
- 9/25/24 - Beat
MU
Sec Filings
- 10/30/24 - Form 8-K
- 10/23/24 - Form 4
- 10/22/24 - Form 4
- MU's page on the SEC website