Is Micron Technology a Buy in This Coronavirus-Rattled Stock Market? [The Motley Fool]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: The Motley Fool
Micron Technology(NASDAQ:MUTight supply conditions also helped Micron as the pandemic has disrupted supply chains across the globe. And the company pointed out that original equipment manufacturers (OEMs) in China aregradually returningNot surprisingly, Micron shares have recovered impressive ground of late thanks to the positives in the earnings report. But will the stock be able to keep up this momentum? Let's find out.YChartsWhat's driving Micron?Micron made a couple of smart moves to tide over the coronavirus-triggered disruptions that began around the middle of its recently reported quarter that ended on Feb. 8.The company switched its production to serve the data-center market instead of smartphones. Its foresight was on point as companies started encouraging their employees to work from home, thereby increasing the load on data centers.Micron management also pointed out that an increase in demand for e-commerce boosted its data-center business last quarter. More importantly, th
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News
- 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
- As Biden celebrates computer chip factories, voters wait for the promised production to start [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