Has Micron Technology Found Its Next Big Play? [The Motley Fool]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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investors.micron.com
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Source: The Motley Fool
Micron is making a play on booming cloud storage demand, but there's something investors need to be aware of. Micron Technology ( NASDAQ:MU ) keeps rolling as the memory specialist's latest round of results blew past expectations. Not surprisingly, Micron stock received widespread praise on Wall Street as investors and analysts were impressed with the company's ability to keep growing at a breathtaking pace. The 40% annual revenue jump and the 132% spike in net income were enough to push Micron's third-quarter results past consensus estimates. Meanwhile, the $8.2 billion top-line guidance for the current quarter sits nearly 34% above the year-ago quarter's revenue. This puts concerns about a potential memory price bust to rest, as Micron seems to have found a new catalyst to power its long-term growth. Image source: Micron Technology. Cloud is the new catalyst Micron bulls have been quick to point out that the company's rally is different this time as it ha
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MU
News
- Huawei-led firms receive Chinese backing to build advanced AI chips: report [Seeking Alpha]Seeking Alpha
- Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants [The New York Times]The New York Times
- Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants [Reuters]Reuters
- Micron, Biden-Harris Administration, U.S. Senate Majority Leader Schumer Announce $6.1B in CHIPS and Science Act Funding for Historic Planned Investment in Domestic Leading-Edge Memory Manufacturing in Idaho and New YorkGlobeNewswire
- Biden to announce preliminary deal with Micron for up to $6.14 billion in chip grants [Yahoo! Finance]Yahoo! Finance
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- 4/19/24 - Form 8-K
- MU's page on the SEC website