The S&P500 (SP500) closed in the red on Friday, after an eventful week that saw companies including Micron Technology (NASDAQ:MU) and Nike (NYSE:NKE) posting quarterly results. The market also focused on inflation data and the first U.S. presidential debate of the year. For the week, the Nasdaq (COMP:IND) advanced overContinue Reading
Wall Street on Thursday continued to struggle for momentum, as a slide in Walgreens Boots Alliance (WBA) and Micron Technology (MU) capped gains. Meanwhile, U.S. Treasurys rebounded after a plethora of economic data lent support to a scenario where the Federal Reserve can start cutting interest rates. The benchmark S&PContinue Reading
knowlesgallery/iStock Editorial via Getty Images Micron Technology (NASDAQ:MU) expects the sale of high bandwidth memory, or HBM, to expand from $100s of millions in revenue in fiscal year 2024 to billions in revenue by fiscal year 2025. “We expect to achieve HBM market share commensurate with our overall DRAM marketContinue Reading
hapabapa Micron (NASDAQ:MU) slipped on Monday, even as investment firm Hedgeye added the memory chipmaker as a new long idea ahead of its earnings report later this week. Micron’s guidance should top estimates amid strong pricing for artificial intelligence driven products (HBM3E, DDR5 and eSSD) along with some of itsContinue Reading
JHVEPhoto Wolfe Research maintained its Outperform rating on Micron Technology (NASDAQ:MU) and raised the price target on the stock to $200 from $150. The analysts noted that they were raising estimates on Micron heading into the company’s report (earnings on Wednesday) on stronger industry conditions and optimism regarding high bandwidthContinue Reading
In the coming week, several notable companies will release their earnings reports, which could significantly impact overall market sentiment. Consumer giants like Nike (NYSE:NKE), General Mills (NYSE:GIS), and Carnival (NYSE:CCL) are all set to unveil their latest financial results, offering a glimpse into how these household names have performed inContinue Reading
