All articles tagged with #mu stock
Micron Technology shares fell about 6% in premarket trading as a broader tech sell-off hit semiconductors; the move came after Samsung’s strong results sparked a sell-the-news reaction, with the longer-term case aided by rising memory prices, though traders may be taking profits after a recent rally.
Micron Technology rose in premarket trading after Bernstein boosted its price target to 1,300 from 510 and kept a Buy rating, arguing that a tighter DRAM shortage and AI-server demand for high-bandwidth memory could support higher memory pricing ahead of Micron's fiscal Q3 results on June 24.
Micron Technology is up over 200% this year and trades near $950, but analysts see meaningful downside: an internal AI fair‑value model targets around $581 and consensus targets sit around $739, implying roughly 20% downside. The company posted a Q2 revenue up 196% YoY with an EPS beat and capex of $6.4B, underpinned by AI memory demand, yet cyclicality and competition from Samsung/SK Hynix could compress pricing into 2027. The June 24 earnings print will be a key catalyst. The verdict: Hold at $950; for new buys, wait for a pullback toward the mid‑$700s for a better risk/reward. For existing holders, patience may be the best play.
Micron Technology stock rebounded after last week’s sell-off as Nvidia CEO Jensen Huang said the AI revolution is just beginning and Nvidia announced a multi-year partnership with SK Hynix to build an AI-focused memory ecosystem and fabrication capacity. While the Nvidia-SK Hynix move could boost Nvidia and secure complementary memory, the piece warns Micron could lose share and cautions that the bounce may be more about optimism than a clear, long-term positive for Micron.
Micron Technology's stock fell about 5% as May payrolls data exceeded expectations, raising the odds of Federal Reserve rate hikes and pressuring tech stocks, even though Nvidia certified Micron's high-bandwidth-memory chips for its AI accelerators; investors remain focused on macro risks in a broad market sell-off.
Micron Technology is riding AI-driven demand for memory, especially HBM chips used with Nvidia/AMD GPUs; data-center revenue surged and management sees strong near-term growth, with Q2 revenue forecast up about 132% year over year to $18.7 billion and earnings of roughly $8.19 per share. The CEO says the data-center HBM market could top $100 billion by 2028, underpinning continued profit growth as AI workloads expand into smartphones and PCs. After a 239% rally in 2025 and further gains in early 2026, MU trades at a forward P/E around 12.2, implying potential upside if AI demand remains robust, though the semiconductor cycle remains cyclical and upside may temper.
Micron Technology is positioned in an AI-driven upcycle, with Q1’26 revenue up 57% year over year and robust AI-memory demand from cloud data centers and flagship devices. The company is ramping capital expenditure to about $20 billion in FY26 to expand HBM and DRAM supply, with 2026 HBM volumes already sold out, supporting long-term growth. Despite recent gains, MU looks undervalued with a forward PEG around 0.24, though AI demand dynamics and geopolitical risks remain key watchpoints.
Despite a roughly 200% six-month stock surge and a record Q1 2026 revenue of $13.6 billion, top TipRanks investor PropNotes says Micron is still in a historic growth phase driven by AI-memory demand. He points to margins expanding from 25% to 45% year over year and argues AI workloads will keep memory-chip demand high, suggesting further upside over the next two years even as some analysts worry about memory pricing. MU now has a Strong Buy consensus (25 Buys, 1 Hold) with a 12-month target near $363.77, and even with insider selling by MU’s CEO, the long-run thesis remains intact.
Micron Technology missed Wall Street's expectations for its fiscal Q2, reporting a loss of $1.91 per share on sales of $3.69bn. However, MU stock rose on Wednesday as analysts predict the worst may be over for the memory-chip maker. Micron's CEO sees a "gradually improving supply-demand balance in the months ahead" and investments in artificial intelligence providing another driver of demand for memory chips. At least six Wall Street analysts raised their price targets on MU stock after the quarterly report, but some remain cautious about Micron's prospects.