Micron Technology CEO Sanjay Mehrotra sold nearly $36 million worth of company stock last week, offloading 37,439 shares at an average price of $960.38 each. This sale was part of a pre-arranged trading plan and reduces his direct holdings by about 8.82%, though he still holds significant shares indirectly. Micron's stock has surged over 900% in the past year, nearing $1000 per share, driven by strong demand for AI-related memory chips. Despite the insider selling, the company expects continued strong earnings, with Q3 results due on June 24, making the timing of these sales notable for investors.
Global markets saw a sharp selloff led by major chipmakers like Nvidia, Intel, and Samsung amid investor anxiety ahead of Micron's earnings report, a key indicator for AI demand. The Nasdaq dropped 2.8%, and South Korea's Kospi plunged 10% as memory ...
Shares of memory chip companies SanDisk, Micron Technology, and Western Digital fell sharply by around 10-11% following a 10% drop in South Korea's Kospi index, which triggered a global selloff in AI-driven data-center stocks. The selloff appears to ...
Micron is set to report its Q3FY26 earnings after its stock surged 166% since the last sell call, reaching a $1 trillion valuation. Investors are particularly concerned about the sustainability of its gross margins, especially following management's ...
Micron Technology is rated a strong buy due to robust demand for high-bandwidth memory (HBM), DRAM, and NAND driven by AI growth. The stock's valuation has reached a critical point, with future gains dependent on sustained growth and management's out...
Micron Technology has achieved an extraordinary 817% return over the past year, outperforming even Nvidia's five-year gains. This surge is fueled by strong AI-driven demand for DRAM and NAND memory, combined with limited supply due to manufacturing c...
