MU Jan 2025 40.000 call
- Yahoo Finance Video
Micron stock falls despite multiple price target boosts
Shares of Micron (MU) are falling on Thursday afternoon despite receiving multiple price target increases from JPMorgan, Needham & Company, and TD Cowen. JPMorgan is especially bullish on Micron, calling the company one of its top picks for the semiconductor space. Yahoo Finance Anchors Josh Lipton and Alexandra Canal discuss Micron's latest developments and what they could mean for the stock moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Micron is still 'trending in the right direction': Analyst
Micron Technology (MU) reported fourth quarter earnings, surpassing expectations on the top and bottom lines. However, the company's weaker-than-expected outlook disappointed investors, triggering a downturn in the semiconductor sector and dragging chip stocks lower in Thursday's trading session. CFRA Research senior industry analyst Angelo Zino and Bloomberg Intelligence analyst Jake Silverman join the Morning Brief to dissect these results and their implications. Zino attributes the muted reaction in Micron's share price post-results to the "beat and raise" scenario that unfolded last quarter. He notes that there was "a little bit of an expectation" for another impressive performance this time around. Despite falling short of these lofty expectations, Zino highlights strengths in areas such as pricing and margins. "Overall, it's somewhat of a mixed picture, but Micron is... trending in the right direction here," Zino told Yahoo Finance. Despite the underwhelming results, Silverman maintains that Micron's "fundamentals remain pretty positive." He expresses optimism about the company's AI-related growth potential, even though it wasn't evident in this quarter's results. Silverman emphasizes that AI integration is still in its "early stages" at Micron, suggesting that the semiconductor company stands to be "a particularly strong beneficiary" of the ongoing AI boom. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
US economy, Micron, Amazon's $2T market cap: 3 Things
Stock futures (^DJI, ^IXIC, ^GSPC) are digesting key economic data reporting the US economy to have grown by 1.4% in 2024's first-quarter Micron Technology (MU) slips lower in Thursday's pre-market trading after the chip designer beat fiscal third-quarter earnings results, while fourth-quarter guidance feel in-line with Wall Street expectations. Amazon's (AMZN) market cap surpassed $2 trillion yesterday. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
