Micron Technology reported a strong Q2 with revenue increasing 196% year-over-year and adjusted earnings per share soaring 682%, significantly beating expectations. The company projects an even stronger Q3, forecasting revenue growth of 260% YoY, a gross margin near 81%, and an EPS midpoint of $19.15, signaling strong pricing power. Despite some risks from memory-reducing algorithms and recent price drops, Micron's forward price-to-earnings ratio of 7.94 suggests it is undervalued compared to peers. The analyst maintains a Strong Buy rating based on Micron's solid fundamentals, capacity expansion, and attractive valuation.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
Jim Cramer expressed skepticism about the current impact of AI investments, noting that while AI infrastructure companies benefit, many corporate users have yet to show significant cost savings or revenue gains. He highlighted that banks, expected to...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
Micron Technology announced that its executives will participate in the KeyBanc Capital Markets Technology Leadership Forum on August 10, 2026, in Deer Valley, Utah. The event presentation will be webcast live and available for replay on Micron's Inv...
