Latest news with #SanjayMehrotra
Miami Herald
2 days ago
- Business
- Miami Herald
Analysts reboot Micron Technology stock price target ahead of earnings
An elephant might never forget but Micron Technology (MU) has more storage space. The Boise, Idaho, company makes memory and storage chips for data centers, computers and smartphones, and its client list includes such tech-sector superstars as AI-chip chieftain Nvidia (NVDA) , Mac and iPhone maker Apple (AAPL) , Facebook parent Meta Platforms (META) and software kingpin Microsoft (MSFT) . Don't miss the move: Subscribe to TheStreet's free daily newsletter Make no mistake, there's money in memories, and we're not just talking about those singing cats on Broadway. "After the historic downturn of 2022–2023, the memory industry has entered a phase of strong recovery. In 2024, memory revenue reached a record $170 billion," according to market researcher Yole Group. "This rebound was fueled by AI-training requirements in data centers, with [high-bandwidth memory) playing a pivotal role due to its premium pricing and performance advantages," the firm added. HBM continues to outperform the broader DRAM chip segment, Yole Group said. This year HBM revenue is set to nearly double to around $34 billion. Micron is a key player in the HBM market, offering solutions like HBM3E and HBM4 designed for high-performance computing and AI company recently joined the Trump administration to unveil plans to expand its U.S. investments to about $150 billion in domestic memory manufacturing and $50 billion in research and development, creating an estimated 90,000 direct and indirect jobs. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time)Veteran portfolio manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion move "Micron's U.S. memory manufacturing and R&D plans underscore our commitment to driving innovation and strengthening the domestic semiconductor industry," Chairman, President and CEO Sanjay Mehrotra said in a statement. The company's shares are up nearly up nearly 45% this year and off 16% from this time in 2024. Investment firms have been issuing research reports for Micron Technology ahead of its fiscal-third-quarter earnings report, scheduled for June 25. Wedbush boosted its price target on Micron to $150 from $130 while maintaining an outperform rating. The firm said memory-pricing trends turned more positive in the second quarter. And while Wedbush said it doesn't see as significant an inflection in Q3 as it had been expecting back in March, the firm said pricing for both DRAM and NAND, which are two types of semiconductor memory, "still will lift over the next couple of quarters." Better fundamentals are driven by stronger enterprise/server demand, which started around April and looks to hold through the rest of the year, Wedbush said. Demand for both AI and standard workloads appears better than might have been initially anticipated, it said. "Moreover, we view growing [high-bandwidth memory] requirements as not just positive for MU's numbers but also ultimately positive for industry dynamics as [capital spending] and clean-room space are reallocated to support HBM growth," Wedbush said. Related: Analysts rework Micron stock price targets after earnings This will limit the likelihood of too much supply of NAND/DRAM, and it increases the probability that production of more standard parts will trail demand. That, the firm said, would create a more positive pricing/margin cycle vs. what is embedded in its expectations, the firm said. Morgan Stanley maintained an equal-weight rating and $98 price target on Micron, given how much the stock has rallied already, according to The Fly. But the investment firm is "tactically bullish," given that AI spending is materially accelerating as Micron grows its participation. The investment firm, which notes that its estimates remain 20% above consensus for August-quarter earnings, also highlights Sandisk, which it likes better long term and on which it has an overweight rating. Based in Milpitas, Calif., Sandisk designs and produces flash-memory products, including memory cards, USB flash drives and solid-state drives. Consensus numbers have started to come up for Micron over the past few weeks, but in addition to Morgan Stanley being about 20% above consensus for August earnings per share, the firm is also 14% above for November after it raised estimates six weeks ago. Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
7 days ago
- Business
- Yahoo
Micron Technology, Inc. (MU): It Could Play A Key Role In China Negotiations, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other stocks that Jim Cramer discusses. Micron Technology, Inc. (NASDAQ:MU) is one of the largest computer memory chip manufacturers in the world. It is also the only American firm that manufactures the advanced chips. Consequently, Micron Technology, Inc. (NASDAQ:MU) plays a key role in the AI supply chain. Its shares soared by 25% in January after NVIDIA revealed that it was a supply chain partner for AI GPU chips. Year-to-date, Micron Technology, Inc. (NASDAQ:MU)'s stock has gained 32%. The stock has gained 22% in June alone after the firm benefited from NVIDIA taking a lesser-than-expected revenue hit from US chip sanctions against China. Cramer's comments about Micron Technology, Inc. (NASDAQ:MU) revolved around President Trump's trade negotiations: 'And the Chinese did have a kind of discouraging statement talking about how, look, you know we'll take it till we have to fight. When I say on the semiconductors, a lot of people feel it was in Advanced Micro, cause they have a GPU that you need, that's what NVIDIA have. Advanced Micro's up a quick ten. Micron is high bandwidth, that's also used for data centers. And that would be something we could give them. Sanjay Mehrotra's been very quiet about it, the CEO. A close-up view of a computer motherboard with integrated semiconductor chips. In late May, Cramer advised viewers to buy Micron Technology, Inc. (NASDAQ:MU) if the price touched $80. Here's what he said: '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
7 days ago
- Business
- Yahoo
Micron Technology, Inc. (MU): It Could Play A Key Role In China Negotiations, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other stocks that Jim Cramer discusses. Micron Technology, Inc. (NASDAQ:MU) is one of the largest computer memory chip manufacturers in the world. It is also the only American firm that manufactures the advanced chips. Consequently, Micron Technology, Inc. (NASDAQ:MU) plays a key role in the AI supply chain. Its shares soared by 25% in January after NVIDIA revealed that it was a supply chain partner for AI GPU chips. Year-to-date, Micron Technology, Inc. (NASDAQ:MU)'s stock has gained 32%. The stock has gained 22% in June alone after the firm benefited from NVIDIA taking a lesser-than-expected revenue hit from US chip sanctions against China. Cramer's comments about Micron Technology, Inc. (NASDAQ:MU) revolved around President Trump's trade negotiations: 'And the Chinese did have a kind of discouraging statement talking about how, look, you know we'll take it till we have to fight. When I say on the semiconductors, a lot of people feel it was in Advanced Micro, cause they have a GPU that you need, that's what NVIDIA have. Advanced Micro's up a quick ten. Micron is high bandwidth, that's also used for data centers. And that would be something we could give them. Sanjay Mehrotra's been very quiet about it, the CEO. A close-up view of a computer motherboard with integrated semiconductor chips. In late May, Cramer advised viewers to buy Micron Technology, Inc. (NASDAQ:MU) if the price touched $80. Here's what he said: '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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Micron Technology, Inc. (MU): It Could Play A Key Role In China Negotiations, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other stocks that Jim Cramer discusses. Micron Technology, Inc. (NASDAQ:MU) is one of the largest computer memory chip manufacturers in the world. It is also the only American firm that manufactures the advanced chips. Consequently, Micron Technology, Inc. (NASDAQ:MU) plays a key role in the AI supply chain. Its shares soared by 25% in January after NVIDIA revealed that it was a supply chain partner for AI GPU chips. Year-to-date, Micron Technology, Inc. (NASDAQ:MU)'s stock has gained 32%. The stock has gained 22% in June alone after the firm benefited from NVIDIA taking a lesser-than-expected revenue hit from US chip sanctions against China. Cramer's comments about Micron Technology, Inc. (NASDAQ:MU) revolved around President Trump's trade negotiations: 'And the Chinese did have a kind of discouraging statement talking about how, look, you know we'll take it till we have to fight. When I say on the semiconductors, a lot of people feel it was in Advanced Micro, cause they have a GPU that you need, that's what NVIDIA have. Advanced Micro's up a quick ten. Micron is high bandwidth, that's also used for data centers. And that would be something we could give them. Sanjay Mehrotra's been very quiet about it, the CEO. A close-up view of a computer motherboard with integrated semiconductor chips. In late May, Cramer advised viewers to buy Micron Technology, Inc. (NASDAQ:MU) if the price touched $80. Here's what he said: '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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Micron (MU) Commits $200 Billion to U.S. Chip Manufacturing Expansion
Micron Technology (MU, Financials) on Thursday unveiled a $200 billion plan to expand U.S. chip production, aligning with President Donald Trump's push for domestic manufacturing. Warning! GuruFocus has detected 3 Warning Sign with MU. The company will spend $150 billion on new and expanded fabs in Idaho, New York, and Virginia, alongside $50 billion for research and development, including high-bandwidth memory packaging. Micron said it has secured federal, state, and local support for the projects, including up to $6.4 billion through the CHIPS and Science Act, and expects to benefit from the Advanced Manufacturing Investment Credit. CEO Sanjay Mehrotra said the expansion would strengthen U.S. tech leadership, create tens of thousands of jobs, and ensure supply chain resilience. Micron shares were little changed Thursday but remain near a 12-month high, up 37% year to date. This article first appeared on GuruFocus.
