(Bloomberg) — Micron Technology Inc., the largest US maker of memory chips, is slashing production to cope with a steep plunge in demand, the latest sign of how the semiconductor industry’s boom...
Tag: Micron
Micron forecast expected to shed light on how two years of unprecedented supply problems may resolve
Micron Technology Inc. investors are hoping the memory-chip maker’s forecast will provide more color into the unprecedented supply-and-demand dynamics created by two years of COVID-19-related disrupti...
Micron Seeks Tax Breaks for $160 Billion Chip Plant Near Austin
(Bloomberg) — Micron Technology Inc. is considering a plan to spend as much as $160 billion on a new semiconductor factory in central Texas. Most Read from Bloomberg The company filed applicatio...
The Chips Are Down…Lam And Micron Are Buys
President Joe Biden speaks during an event to support legislation that would encourage domestic … [+] manufacturing and strengthen supply chains for computer chips in the South Court Auditorium ...
Micron and Nvidia: Buy or Sell After Bearish Updates?
Yesterday it was Nvidia (NVDA) – Get NVIDIA Corporation Report and today it’s Micron (MU) – Get Micron Technology Inc. Report. Both chipmakers are moving lower on Tuesday following beari...
Micron Technology just made two big announcements
Micron Technology Inc (NASDAQ: MU) blamed “waning demand” and lowered its outlook for the current financial quarter on Tuesday. Shares are down 5.0% at the time of writing. Micron expects a bigger hit...
Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more
A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Check out the com...
China Adds Two New Tech Billionaires As IPOs Soar
The Shenzhen Stock Exchange is one of the world’s largest bourses. (Photo by VCG/VCG via Getty … [+] Images) VCG via Getty Images Two listings by China technology businesses added new memb...
Micron Stock Is Slipping. Morgan Stanley Turned Bearish.
Text size Morgan Stanley analyst Joseph Moore downgraded Micron to Underweight from Equal Weight. Dreamstime Micron Technology stock is lower Friday after Morgan Stanley analyst Joseph Moore issued a ...
Micron stock is ‘well-positioned’ to weather the PC/Smartphone slowdown
Investors are keeping away from chip stocks this year on fears of a slowdown in PCs and Smartphones. Still, a Jefferies analyst says Micron Technology Inc (NASDAQ: MU) continues to be a smart pick her...
General Mills and Micron Raised Their Dividends. Banks Will Soon, Too.
Text size Justin Sullivan/Getty Images General Mills and Micron Technology declared dividend increases this week, and various large banks announced plans for their disbursements. General Mills (ticker...
Micron’s Weak Outlook Crushes Chip Stocks. There’s More Trouble Coming for Tech.
Text size Dreamstime Almost every analyst on Wall Street knew that the memory chip company Micron Technology was likely to provide quarterly guidance below previous Street estimates. And that’s exactl...
PNC Financial Services Group, Dupont, Lindsay, Watsco, Micron Technology
The board of directors of The PNC Financial Services Group declared a quarterly cash dividend on the common stock of $1.50 per share. The dividend will be payable Aug. 5, 2022, to shareholders of reco...
Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’
The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massi...
Dow Jones Futures Fall: Why This Micron Warning May Be ‘Good’ News; Tesla Rivals On Tap
Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. Micron earnings were after the close while several EV startups and auto giants report sales Friday morning...
Micron Issues Muted Sales Forecast On Demand Weakness
Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter. “Recently, the industry demand environmen...
Micron Stock Is Sliding. The Outlook Disappointed.
Text size New Street Research analyst Pierre Ferragu says recent weakness in Micron Technology stock represents an opportunity to buy. Dreamstime Micron Technology stock is trading lower after the mem...
MU Stock: Micron Delivers Dismal Outlook
Memory-chip maker Micron Technology (MU) late Thursday beat Wall Street’s earnings target for its fiscal third quarter and matched views on sales. However, it badly missed estimates with its gui...
Micron shares holding up despite weak guidance: ‘stock is cheap’
Micron Technology Inc (NASDAQ: MU) is holding its own in extended trading even after the chipmaker said its current quarter results will come in significantly below the Street estimates. It, however, ...
Micron Earnings Preview: Will Critical Support Hold?
Micron (MU) – Get Micron Technology Inc. Report stock has not had a good stretch lately, with shares falling in four of the last five weeks and currently down about 26% from the May high. Bulls...
Micron earnings to provide more clues as to whether chip boom has passed
Micron Technology Inc.’s earnings on Thursday will provide a much-anticipated clue into a problem that has worried Wall Street all year about the chip industry: Whether customers have been hoarding ch...
Should You Buy Micron Technology Ahead of Earnings?
By BRUCE KAMICH Jun 27, 2022 | 12:20 PM EDT Stocks quotes in this article: MU Micron Technology ( MU) made a high back in December and then has traded lower into June. The shares are trading below the...
Micron Technology Stock Slumps After Getting Downgraded Again
Text size Micron was downgraded earlier this month by Piper Sandler. Dreamstime Micron Technology stock was sliding Monday after the memory chip provider got its second downgrade in less than two week...
Micron To Add 2,000 Employees, Set Up R&D Corridor In Taiwan — Report
Micron bought the shares it didn’t already own in Taiwan’s Inotera Memories in 2016 for more than $3 … [+] billion. Photographer: Maurice Tsai/Bloomberg © 2010 Bloomberg Finance LP M...
Micron is strong at $70 support but approaches the stock with caution
Micron Technology, Inc. (NASDAQ:MU) is a beaten-down stock year-to-date. The stock has lost 25% year to date. However, optimism has been building for Micron. The stock has held to key support of aroun...
Piper Sandler downgrades Micron Technology to ‘underweight’
Don’t expect shares of Micron Technology Inc (NASDAQ: MU) to recover any time soon, a Piper Sandler analyst said in a note on Friday. The stock is down nearly 30% from its year-to-date high. Micron is...
Micron Stock Slumps After Downgrade. Why the Analyst Fears the Consumer.
Text size Dreamstime Micron Technology stock was slumping Friday after the memory chip manufacturer received the first Sell-equivalent rating since February. Piper Sandler analyst Harsh Kumar downgrad...
Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects
Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip...