The Ratings Game: Micron’s stock boosts chip rally after upgrade, analysts’ comments at CES [MarketWatch]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: MarketWatch
Micron’s stock boosts chip rally after upgrade, analysts’ comments at CES Chip-maker stocks finished higher Wednesday after one analyst upgraded Micron Technology Inc. and other analysts gave their roundups on other companies at the annual CES tech confab in Las Vegas. The PHLX Semiconductor Index SOX, +2.52% rallied 2.5% Wednesday, outpacing broader index gains as the Dow Jones Industrial Average DJIA, +0.39% and the S&P 500 SPX, +0.41% both advanced 0.4%, and the tech-heavy Nasdaq Composite Index COMP, +0.87% gained 0.9%. Micron MU, +5.04% shares were one of the leading gainers on the SOX index after Bernstein analyst Mark Newman upgraded the chip maker’s stock to outperform on a more favorable risk-reward profile even though the company faces oversupply problems in the memory-chip market. Micron shares finished up 5% at $35.44. Micron shares are 45% off their 52-week high of $64.66, down nearly 18% over the past 12 months, but are up nearly 12% for the year so far. I
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MU
News
- Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants [The New York Times]The New York Times
- Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US [Yahoo! Finance]Yahoo! Finance
- 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
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/25/24 - Form 4
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- MU's page on the SEC website