Micron Technology's stock rose 6% driven by its low price-to-earnings ratio and a newly authorized $35.16 billion share buyback program starting December 9. Despite concerns about cyclical peak earnings, Micron reported strong revenue growth and free cash flow, with management highlighting robust demand and over 75% of shipments committed for the fiscal year. Meanwhile, hard drive makers Seagate and Western Digital outperformed with 11% gains each, fueled by strong cloud storage demand and solid quarterly results. Investors are weighing Micron's value against the cyclical nature of memory markets as the buyback program begins.
Micron Technology's stock is up 5.59% on Pluang as of Nov 10, 2026 01:02 WIB, trading at USD 728.56. Seagate Technology shares gained 10.50%, reaching USD 509.39, while Western Digital rose 10.22% to USD 290.74. These moves reflect strong investor interest in the technology sector amid ongoing buyback programs and demand for storage solutions.
Micron Technology's stock has dropped 35% recently, with its valuation multiples collapsing to levels seen in 2018. However, strong earnings growth, a large cash reserve, and over 75% of its fiscal year 2027 shipments already committed provide a soli...
Micron Technology's stock has fallen 35%, yet remains a strong long-term buy due to high demand for memory products and strong pricing power. The company authorized a $35.16 billion share buyback, potentially retiring 4.5% of shares to stabilize the ...
Taiwan Semiconductor Manufacturing Company (TSMC) is reportedly exploring entry into advanced memory production, specifically vertically stacked 3D DRAM, following a request from its major customer NVIDIA. This move targets the highly profitable AI s...
Micron's stock has fallen over 40% since June, hitting a low despite the company guiding to its largest quarter ever with $61.5 billion revenue expected in fiscal Q1 2027. The market seems to fear the memory chip boom has peaked, but fundamentals rem...
Micron Technology's shares fell 22% in a week due to concerns about AI and political developments, despite the company reporting strong earnings last quarter. Analyst Jonathan Weber views the sell-off as exaggerated, believing that risks from the Dem...
