MARKET COMPOSITE
MU - Micron Technology Inc.8:00:00 PM 3/27/2024
Price
$119.25
+ 0.45 (0.38%)
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix. Micron and Intel together created IM Flash Technologies, which produces NAND flash memory. It owned Lexar between 2006 and 2017. Micron was founded in Boise, Idaho, in 1978 by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman as a semiconductor design consulting company. Startup funding was provided by local Idaho businessmen Tom Nicholson, Allen Noble, Rudolph Nelson, and Ron Yanke. Later it received funding from Idaho billionaire J. R. Simplot, whose fortune was made in the potato business. In 1981, the company moved from consulting to manufacturing with the completion of its first wafer fabrication unit , producing 64K DRAM chips.
Financials
Quarterly financials
(USD)Feb 2024Q/Q
Revenue5.8B+23%
Gross Profit1.1B-3183%
Cost Of Revenue4.7B-0%
Operating Income191MM-117%
Operating Expenses888MM-
Net Income793MM-164%
R&D832MM-2%
G&A280MM+6%
Interest Expense144MM+9%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

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    Micron Technology, Inc (NASDAQ:MU) CEO Sanjay Mehrotra met with China’s Minister of Commerce, Wang Wentao, on March 23 to discuss Micron’s future development within China. During the meeting, Wang Wentao expressed the Chinese government’s support for Micron, encouraging the company to deepen its operations and expedite new investment projects in the country. Mehrotra outlined Micron’s ongoing business endeavors and upcoming investment initiatives in China, committing to comply with Chinese laws

    Micron has one memory product that could ride the coattails of Nvidia's business.

    Micron Technology (MU) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

    Micron Technology, Inc. (NASDAQ: MU) reported better-than-expected second-quarter financial results and issued strong third-quarter guidance on March 20, 2024. Micron reported first-quarter revenue of $5.82 billion, which beat the consensus estimate of $5.342 billion. The company reported adjusted earnings of 42 cents per share, which easily beat analyst estimates for a loss of 25 cents per share. Micron said it expects fiscal third-quarter revenue of $6.6 billion, plus or minus $200 million, ve

    Based on the average brokerage recommendation (ABR), Micron Technology (MU) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

    The memory chipmaker still has plenty of irons in the fire.

    AI stocks Super Micro Computer and Micron Technology, two of the top performers in the S&P 500 in 2024, led the way on Monday.

    The Dow and S&P 500 slipped on Monday, the first session after the biggest weekly percentage gains for the indexes this year, as investors gauged the likely path of interest rates from the Federal Reserve ahead of key inflation data due later in this holiday-shortened week. Last week, the Fed maintained its guidance for three interest-rate cuts this year, and the S&P 500 and Dow had strong gains while the Nasdaq notched its biggest weekly percentage gain since mid-January.

    The momentum from last week's earnings report continued.