MU Stock Recent News
MU LATEST HEADLINES
Micron shares surged to a new all-time high, driven by A.I. demand. The stock has nearly doubled over the last year.
Micron, the largest US maker of computer memory chips, posted its biggest gain in more than 12 years after giving a surprisingly strong sales forecast, buoyed by demand for artificial intelligence hardware. Micron CEO and President Sanjay Mehrotra joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
The chip stock jumped Thursday, reflecting investor enthusiasm over the company's latest results.
Micron easily beat estimates on the top and bottom lines. Management says AI-related demand is propelling the business.
Semiconductor stock Micron Technology Inc (NASDAQ:MU) is soaring to record highs today, after the company's better-than-expected fiscal second-quarter results and upbeat fiscal third-quarter forecast, helped by the artificial intelligence (AI) boom.
The headline numbers for Micron Technology (MU) give insight into how the company performed in the quarter ended February 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Micron Technology NASDAQ: MU is perfectly positioned to follow in the footsteps of AI leader NVIDIA NASDAQ: NVDA. Where NVIDIA commands the bulk of data center market share and, by extension, the AI accelerator market, Micron commands a large portion of the memory chip market, which AI also aids.
Micron (NASDAQ: MU ) stock is a hot topic among traders on Thursday after getting a new price target from Morgan Stanley's analysts. Morgan Stanley analysts increased their price target for MU stock from $78 per share to $98 per share.
Micron Technology Inc (NASDAQ:MU) was up almost 17% ahead of the market's open on Thursday after unveiling a surprise second-quarter profit, driven by the artificial intelligence boom. At US$0.42, second-quarter adjusted earnings per share towered above analysts' expectations for an expected US$0.25 loss.
The memory-chip market is known for being cyclical, but Wall Street seems especially excited about Micron Technology Inc.'s ability to ride the current uptrend.