AI chip memory drives Micron's earnings beat [Yahoo! Finance]
Synovus Financial Corp. (SNV)
Last synovus financial corp. earnings: 4/24 06:30 am
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Source: Yahoo! Finance
Dan Morgan, Synovus Trust senior portfolio manager, joins Market Domination Overtime hosts Josh Lipton and Julie Hyman to break down what the report tells investors about the company. Morgan explains, "It does appear that they are beginning to see a real good benefit from HBM, which, of course, is the high bandwidth memory that's used with the AI chip. So we're coming out of a down cycle. We've had a couple of good quarters. Now we're getting this AI top over the numbers, and it looks like they did gain from that. Looking across Micron's segments, Morgan highlights how important memory driven by AI chip demand supported the earnings beat. "Smartphones and PCs aren't doing that great," the analyst says. "They're just starting to get out of the hole, and you have other applications, industrial auto, and so forth. And you're right. If you look at DRAM pricing in terms of spot pricing, it's just kind of leveled out...[Micron's] main markets, which are across the board, there's flash m
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News
- Dow falls from high, Micron earnings: Market Domination Overtime [Yahoo! Finance Canada]Yahoo! Finance Canada
- Dow falls from high, Micron earnings: Market Domination Overtime [Yahoo! Finance]Yahoo! Finance
- AI chip memory drives Micron's earnings beat [Yahoo! Finance Canada]Yahoo! Finance Canada
- Synovus Financial Corp. (NYSE: SNV) had its price target raised by analysts at Truist Financial Co. from $50.00 to $52.00. They now have a "buy" rating on the stock.MarketBeat
- Synovus to announce third quarter 2024 earnings resultsBusiness Wire
SNV
Earnings
- 7/17/24 - Beat
SNV
Sec Filings
- 9/4/24 - Form S-3ASR
- 9/4/24 - Form 8-K
- 8/27/24 - Form N-PX
- SNV's page on the SEC website