Micron Technology reported a strong Q2 with revenue hitting $23.86 billion, driven by a 75% sequential growth and a $3.54 EPS beat, fueled by high demand for DRAM and NAND, especially for AI workloads. Despite this, the market's reaction to the new 245TB 6600 ION SSD launch seems overblown due to manufacturing limits that restrict near-term growth. The stock remains a Buy with an attractive valuation on a PEG basis, but investors should watch for cyclical risks, production bottlenecks, and market volatility. The author is reducing her position to secure profits after a 400% gain since first coverage.
Micron Technology has been re-rated as a Buy due to a surge in demand driven by the AI super-cycle and strategic customer agreements. The company's Q3 2026 revenue rose 346% year-over-year, with operating margins reaching 81.2% and expected to peak a...
TSMC and ASML have confirmed that demand for AI memory remains exceptionally strong, but industry supply growth is limited by fully booked EUV capacity through 2028. The US and Japan are investing billions to support Micron Technology's manufacturing...
Micron's stock surged about 8% following positive analyst updates from Bank of America and Morgan Stanley, who highlighted strong earnings and growing demand for memory chips driven by AI technology. Bank of America raised Micron's price target to $1...
U.S. stock futures rose Tuesday as semiconductor stocks like Micron and Intel bounced back after last week's sell-off, supported by strong earnings from 3M and General Motors. The Dow gained on these earnings beats, while the Nasdaq led gains driven ...
Investor Leo Nelissen remains cautious about investing in Micron (MU) and Apple (AAPL) despite their strong business fundamentals and popularity. He highlights risks such as potential oversupply in Micron's market due to new competitors increasing ca...
