Micron Technology's stock surged to new highs following its fiscal Q3 2026 earnings report, which beat expectations due to strong demand from AI and data center markets. The stock broke above previous resistance levels, supported by a rising trend channel and moving averages, indicating a sustained bullish trend. Key support levels near the 20-day moving average suggest potential for further gains as the company continues to lead in the semiconductor sector. Investors may see continued upward momentum if these support levels hold.
Ben Reitzes of Melius Research recommends investors buy chip stocks such as Nvidia, Broadcom, Micron, AMD, and Dell, citing a long-term trend favoring compute power over cloud giants like Microsoft, Oracle, and Google. He argues that while AI demand ...
Micron Technology reported better-than-expected earnings and raised its guidance, driven by strong demand for AI-related memory chips. This robust demand, especially for high-bandwidth memory (HBM) used in data centers, could disrupt traditional memo...
Micron Technology surpassed Q3 earnings expectations with EPS of $25.11 and $41.5 billion in revenue, raising Q4 revenue guidance to $49-$51 billion. This strong performance is driven by a multi-year deal with AI developer Anthropic and rising demand...
Dell Technologies shares dropped 6% despite strong gains in memory and storage stocks like Western Digital, which rose 5%. The divergence highlights the impact of rising memory prices: Western Digital benefits from increased demand and pricing power ...
Micron Technology reported an extraordinary 346% increase in FQ3 revenue to $41 billion, driven by strong AI memory demand and high gross margins near 85%. The company secured strategic customer agreements covering 20% of DRAM and one-third of NAND v...
