TCEHY - Tech Roundup: Micron and 2022 predictions lead Christmas-shortened week's action
It may have been a short week for Wall Street due to stock markets being closed on Friday because of the Christmas holiday, but that didn't keep a handful of tech companies from remaining active during what is normally a relatively quiet time of the year. Micron Technology (NASDAQ:MU) started things off when, on Monday, it reported strong quarterly results, and gave a business outlook that suggested it is taking steps to alleviate supply chain issues that have impacted the chip sector this year. Along with its upbeat forecast, Micron (MU) got high marks from Rosenblatt Securities analyst Hans Mosesmann, who named Micron (MU) one of his top semiconductor picks for 2022. By the time U.S. stock markets closed Thursday, Micron (MU) shares had climbed 13% for the week. Oracle (NYSE:ORCL) appeared to be going back to its old-school big-dealing ways when it said it would pay $28.3 billion in
For further details see:
Tech Roundup: Micron and 2022 predictions lead Christmas-shortened week's action