Micron Technology Inc. (MU) News
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MU News Highlights
- MU's 30 day story count now stands at 23.
- Over the past 16 days, the trend for MU's stories per day has been choppy and unclear. It has oscillated between 1 and 6.
- The most mentioned tickers in articles about MU are DOW, NOTE and AAPL.
Latest MU News From Around the Web
Below are the latest news stories about MICRON TECHNOLOGY INC that investors may wish to consider to help them evaluate MU as an investment opportunity.
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Earnings Calendar Spotlight: Costco, Cintas Set To Report Amid Bullish Fundamentals, Price Performance
The earnings calendar is sparse as Q3 draws to a close, but investors will be watching results from retailer Costco closely.
Governments worldwide are banning the use of foreign hardware in critical infrastructure over national security fears. In May, China announced that domestic infrastructure operators would no longer be allowed to acquire computer chips or components from American semiconductor company Micron Technology, due to “serious network security risks”. This prompted the US commerce department to say China’s decision had “no basis in fact” and was “inconsistent with [its] assertions that it is opening its markets and is committed to a transparent regulatory framework”.
Micron (MU) closed the most recent trading day at $69.68, moving -1.46% from the previous trading session.
While the memory chip market has been weak, Deutsche Bank’s Sidney Ho upgraded Micron Technology Inc (NASDAQ: MU) stock upon signals that AI is providing the much-needed lift. Ho believes the worst of the downcycle has now passed, given aggressive production cuts that suppliers made and the strong demand on the AI servers front. Micron is scheduled to report earnings after the close of markets on September 27th after reporting its worst ever quarter in March. Meanwhile on Tuesday, Intel Corporat
The average brokerage recommendation (ABR) for Micron (MU) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.
These three semiconductor stocks to sell have red flags in their competitive disadvantages and the ongoing glut of chips.
U.S. stocks showed a modest recovery on Monday, after a significant drop in the previous session, as Wall Street anticipates the Federal Reserve's upcoming decision on interest rates. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all edged higher, with the Dow e-minis up 12 points, or 0.03%, S&P 500 e-minis up 3.5 points, or 0.08%, and Nasdaq 100 e-minis up by 21.75 points, or 0.14% as of 5:29 a.m. ET.
Micron Technology (NASDAQ:MU), a prominent player in the memory and storage sector, received an upgrade from Deutsche Bank analyst Sidney Ho on Monday. Citing positive changes in the semiconductor industry and an uptick in demand, Ho upgraded Micron's stock from Hold to Buy, increasing the price target from $65 to $85. This change suggests a potential 22% rise from the stock's closing price last Friday.