Micron (NASDAQ: MU) makes memory chips and storage for phones and computers. However, these chips can also be used for data centers and it is now one of the key players in the AI business. The stock is down 24% from its peak but analysts are eyeing a massive rebound here.
Shares of Micron Technology ( MU -3.93%) were slipping Thursday. The firm's stock is down 2.9% as of 1:25 p.m. ET, but lost as much as 5.4% earlier in the day. The move down comes as the S&P 500 ( ^GSPC 0.16%) gained 0.3% and the Nasdaq Composite ( ^IXIC -0.31%) fell 0.1%.
We recently compiled a list of the 10 Best Semiconductor Stocks to Buy for the AI Boom. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other semiconductor stocks.
In this video, I will talk about SK Hynix's latest earnings report and how it affects companies like Micron ( MU -5.06%) and Nvidia. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Risks include the cyclical nature of the semiconductor market and potential AI CapEx overbuild, but current valuations present opportunities for investors. Although earnings beat estimates, expectations came in lower than expected,
We recently published a list of 10 Undervalued Semiconductor Stocks to Buy According to Analysts. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other undervalued semiconductor stocks to buy according to analysts.
Micron Technology (NASDAQ: MU) has historically been among the most frustrating semiconductor stocks for investors. Chip stocks are cyclical by nature, and the extreme fluctuations in the memory chip market have often wiped out the stock's gains from the most recent bull markets.
Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to limit the export of advanced chips used for AI.
Stocks Analysis by MarketBeat.com (Jeffrey Neal Johnson) covering: Micron Technology Inc. Read MarketBeat.com (Jeffrey Neal Johnson)'s latest article on Investing.com
We recently compiled a list of the 12 Most Undervalued Tech Stocks to Invest in Now. In this article, we are going to take a look at where Micron Technology, Inc.
SK Hynix Inc., a major supplier of memory chips, has announced record quarterly earnings. However, investors have reacted cautiously. Concerns about smartphone demand and future AI spending have tempered enthusiasm.
Although perceived mainly as an e-commerce/logistics company, this only scratches the surface. Alongside Google Cloud and Microsoft’s Azure, Amazon Web Services (AWS) is one of the top cloud infrastructures for AI workloads. Therefore, Amazon is the intermediary layer for businesses as it provides Nvidia’s AI/GPU chips at scale.