Micron Technology is still considered a strong buy after a recent price drop, as concerns about peak memory demand are seen as exaggerated. The company's earnings are supported by strong AI-related memory demand and a large backlog, despite competition from Google's TurboQuant. Analysts believe worries about increased capital expenditure and cyclical risks are overstated. Micron is projected to achieve nearly 600% earnings per share growth this fiscal year and 70% growth by fiscal 2027. Trading at a low multiple with no expected supply glut, Micron offers attractive value for investors, especially near the $300 price level.
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...
