Latest news with #memorychips
Yahoo
3 days ago
- Business
- Yahoo
Micron Technology, Inc. (MU): 'It's The Old Micron!' Says Jim Cramer
Micron Technology, Inc. (NASDAQ:MU) is one of the . Micron Technology, Inc. (NASDAQ:MU) is the only American company that makes and sells leading-edge memory chips. This provides the firm with a wide moat at least when it comes to domestic exposure particularly due to President Trump's efforts to expand US manufacturing. Micron Technology, Inc. (NASDAQ:MU) is also NVIDIA's only American supplier of high-end memory chips to NVIDIA for the latter's high-end AI GPUs. The firm's shares have gained 42% year-to-date, with a fresh catalyst being its fiscal third-quarter earnings report which saw Micron Technology, Inc. (NASDAQ:MU)'s $9.3 billion in revenue and $1.91 in earnings beat analyst estimates of $8.87 billion and $1.60. The firm's $10.7 billion in guidance also beat estimates of $9.88 billion. Cramer discussed the stock's recent performance ahead of interviewing its CEO: 'You know David, about a year and half ago, I tried to get Sanjay Mehrotra to say incredibly bullish things. He pulled me back. He said, Jim it's not there yet. I'll tell you when it's there. Well, you know what, it's there now. Micron shares, moving higher after beating the top and bottom line. Shares now up more than 55% year-to-date. It's the old Micron!' A close-up view of a computer motherboard with integrated semiconductor chips. Earlier, Cramer discussed Micron Technology, Inc. (NASDAQ:MU)'s share price performance: 'I think it is getting a little toppy. I think the market's getting a little toppy and Micron's going to go with it. Now, it went down to 66. I think it could go down to 80 without a problem, and then you'll probably want to buy it again. But I sense that there is a trade here, not an investment, for the moment, and you need to do a little [kaching kaching].' While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Micron Technology, Inc. (MU): 'It's The Old Micron!' Says Jim Cramer
Micron Technology, Inc. (NASDAQ:MU) is one of the . Micron Technology, Inc. (NASDAQ:MU) is the only American company that makes and sells leading-edge memory chips. This provides the firm with a wide moat at least when it comes to domestic exposure particularly due to President Trump's efforts to expand US manufacturing. Micron Technology, Inc. (NASDAQ:MU) is also NVIDIA's only American supplier of high-end memory chips to NVIDIA for the latter's high-end AI GPUs. The firm's shares have gained 42% year-to-date, with a fresh catalyst being its fiscal third-quarter earnings report which saw Micron Technology, Inc. (NASDAQ:MU)'s $9.3 billion in revenue and $1.91 in earnings beat analyst estimates of $8.87 billion and $1.60. The firm's $10.7 billion in guidance also beat estimates of $9.88 billion. Cramer discussed the stock's recent performance ahead of interviewing its CEO: 'You know David, about a year and half ago, I tried to get Sanjay Mehrotra to say incredibly bullish things. He pulled me back. He said, Jim it's not there yet. I'll tell you when it's there. Well, you know what, it's there now. Micron shares, moving higher after beating the top and bottom line. Shares now up more than 55% year-to-date. It's the old Micron!' A close-up view of a computer motherboard with integrated semiconductor chips. Earlier, Cramer discussed Micron Technology, Inc. (NASDAQ:MU)'s share price performance: 'I think it is getting a little toppy. I think the market's getting a little toppy and Micron's going to go with it. Now, it went down to 66. I think it could go down to 80 without a problem, and then you'll probably want to buy it again. But I sense that there is a trade here, not an investment, for the moment, and you need to do a little [kaching kaching].' While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Micron Technology, Inc. (MU): 'It's The Old Micron!' Says Jim Cramer
Micron Technology, Inc. (NASDAQ:MU) is one of the . Micron Technology, Inc. (NASDAQ:MU) is the only American company that makes and sells leading-edge memory chips. This provides the firm with a wide moat at least when it comes to domestic exposure particularly due to President Trump's efforts to expand US manufacturing. Micron Technology, Inc. (NASDAQ:MU) is also NVIDIA's only American supplier of high-end memory chips to NVIDIA for the latter's high-end AI GPUs. The firm's shares have gained 42% year-to-date, with a fresh catalyst being its fiscal third-quarter earnings report which saw Micron Technology, Inc. (NASDAQ:MU)'s $9.3 billion in revenue and $1.91 in earnings beat analyst estimates of $8.87 billion and $1.60. The firm's $10.7 billion in guidance also beat estimates of $9.88 billion. Cramer discussed the stock's recent performance ahead of interviewing its CEO: 'You know David, about a year and half ago, I tried to get Sanjay Mehrotra to say incredibly bullish things. He pulled me back. He said, Jim it's not there yet. I'll tell you when it's there. Well, you know what, it's there now. Micron shares, moving higher after beating the top and bottom line. Shares now up more than 55% year-to-date. It's the old Micron!' A close-up view of a computer motherboard with integrated semiconductor chips. Earlier, Cramer discussed Micron Technology, Inc. (NASDAQ:MU)'s share price performance: 'I think it is getting a little toppy. I think the market's getting a little toppy and Micron's going to go with it. Now, it went down to 66. I think it could go down to 80 without a problem, and then you'll probably want to buy it again. But I sense that there is a trade here, not an investment, for the moment, and you need to do a little [kaching kaching].' While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
5 days ago
- Business
- Globe and Mail
Micron Sells Out 2025 HBM Supply: Can It Meet Soaring Demand in 2026?
Micron Technology, Inc. MU confirmed during its third-quarter fiscal 2025 earnings call that its entire High Bandwidth Memory ('HBM') supply for calendar year 2025 is sold out. This indicates strong demand for Micron Technology's advanced memory chips, which are essential for artificial intelligence (AI)-focused computing platforms. The company also said that it is already working with customers to prepare for HBM demand in 2026. HBM is becoming a key growth driver for Micron Technology. MU expects HBM demand to jump from around $18 billion in 2024 to $35 billion in 2025, with continued growth in 2026. Micron Technology believes that its next-gen HBM4 products, offering over 2 terabytes per second bandwidth and 20% lower power usage, will be crucial in meeting this rising demand. In the third quarter, Micron Technology's HBM revenues ramped up sharply. The company now expects its HBM market share to match its DRAM share in the second half of 2025, earlier than previously planned. Volume shipments of its 12-high HBM3E are underway, and HBM4 sampling has begun for 2026 platforms. The challenge will be whether Micron Technology can scale fast enough. MU is expanding its backend manufacturing capacity and plans to bring more HBM capacity online in Singapore by 2027. Still, with HBM demand outpacing general DRAM growth, tight supply remains a risk. At present, Micron Technology appears well-positioned in the AI memory race. However, maintaining momentum in 2026 will depend on continued execution in both technology and capacity expansion. How Do Micron's Rivals Stack Up in the HBM Race? Although there are no U.S. stock exchange-listed direct competitors for MU in the memory chip space, Intel Corporation INTC and Broadcom Inc. AVGO play key roles in the HBM supply chain and AI hardware ecosystem. Intel is developing its own AI accelerators that rely on high-performance memory like HBM. Although Intel doesn't manufacture HBM chips, its Gaudi AI chips will require a robust HBM supply, and any shift in memory partnerships could impact Micron's position. Broadcom, on the other hand, designs custom application-specific integrated circuits used in AI infrastructure that often include integrated HBM. As demand for Broadcom's AI chips grows, it could influence how HBM suppliers like Micron allocate their future supply. Micron's Price Performance, Valuation and Estimates Shares of Micron Technology have risen around 49.7% year to date compared with the Zacks Computer – Integrated Systems industry's gain of 28.1%. From a valuation standpoint, MU trades at a forward price-to-sales ratio of 3.2, lower than the industry's average of 3.92. The Zacks Consensus Estimate for Micron Technology's fiscal 2025 and 2026 earnings implies a year-over-year increase of approximately 433.1% and 52.4%, respectively. The estimates for fiscal 2025 have been revised upward in the past 60 days, while those for fiscal 2027 have moved south in the past seven days. Micron Technology currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report
Bloomberg
7 days ago
- Business
- Bloomberg
Stock Movers: Micron, Yum! Brands, Bumble
On this edition of Stock Movers: - Micron (MU) shares are up after the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading. Micron is seeing increasing demand for components like its high-bandwidth memory, which are used in machines that develop and run AI tools. The company expects continued growth from that market as such software becomes more complex, requiring bigger amounts of memory. The company is also starting to recover from narrower profit margins in the previous quarter. - Yum! Brands (YUM) shares rose after JPMorgan upgraded the operator of such chains as KFC and Taco Bell to overweight from neutral. Analyst John Ivankoe sees 'sustained 4%+ unit growth, strong FCF generation,' and a 'pulled-back valuation'. - Bumble (BMBL) shares are down in after hours trading. The dating app said it's cutting almost one-third of its staff, months after founder Whitney Wolfe Herd returned as chief executive officer to overhaul the struggling dating Austin-based company will eliminate around 240 roles globally, or about 30% of its workforce, it said in an exchange filing Wednesday. It expects to achieve as much as $40 million in annual cost savings from the reductions, and plans to 'reinvest the substantial majority' of those savings in 'strategic initiatives including product and technology development.'
