Micron Technology reported better-than-expected earnings and raised its guidance, driven by strong demand for AI-related memory chips. This robust demand, especially for high-bandwidth memory (HBM) used in data centers, could disrupt traditional memory market cycles. The analyst maintains a Buy rating on Micron with a target price implying 30% upside, while noting that SK hynix, soon to list in the U.S., may be undervalued and could benefit from increased investor access and AI adoption. Continued strong demand and capital discipline will be key to sustaining this positive outlook.
Micron Technology surpassed Q3 earnings expectations with EPS of $25.11 and $41.5 billion in revenue, raising Q4 revenue guidance to $49-$51 billion. This strong performance is driven by a multi-year deal with AI developer Anthropic and rising demand...
Dell Technologies shares dropped 6% despite strong gains in memory and storage stocks like Western Digital, which rose 5%. The divergence highlights the impact of rising memory prices: Western Digital benefits from increased demand and pricing power ...
Micron Technology reported an extraordinary 346% increase in FQ3 revenue to $41 billion, driven by strong AI memory demand and high gross margins near 85%. The company secured strategic customer agreements covering 20% of DRAM and one-third of NAND v...
Micron Technology reported a strong fiscal Q3 with revenue and earnings well above estimates, highlighting a shift in the memory chip market from cyclical to essential for AI development. Bank of America's analyst Vivek Arya emphasizes this structura...
Apple shares fell 6% after the company raised prices on MacBooks and iPads, citing soaring memory and storage costs driven by AI data center demand. CEO Tim Cook described the situation as a "hundred-year flood" and warned of possible further price i...
