Why Micron Technology Stock Popped 11% [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
An earnings pre-announcement wins plaudits from analysts -- and investors. Rich Smith ( TMFDitty ) Feb 6, 2018 at 5:08PM What happened Stocks were up broadly in Tuesday trading after Monday's big sell-off -- but few stocks had quite as big a day as Micron Technology ( NASDAQ:MU ) did. On Tuesday, two separate analysts -- KeyBanc and Needham & Co. -- both upgraded Micron stock to various flavors of buy, with Needham in particular predicting that Micron stock could nearly double in value over the coming year. Analysts and investors gave memory maker Micron stock a big thumbs up Tuesday. Image source: Getty Images. So what Those are the analysts' opinions, and they're entitled to them, of course. But is there anything in particular behind those opinions, to justify taking such an optimistic view of Micron stock? Turns out there is,
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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