MU News and Press, Micron Technology Inc. From 04/13/23

2023-04-13 07:10:00 ET The memory chip market is in an extreme state of oversupply. There's too much supply of DRAM and NAND chips floating around, and inventory levels of the products that use those chips are also elevated. The PC market, for example, is in disarray. Global PC shipments pl...

2023-04-12 10:00:00 ET Summary In this note, we will discuss Micron's Q2 FY2023 report, and discuss the potential of a near to medium-term turnaround at the memory chipmaker. Furthermore, we shall look into Micron's long-term demand drivers and re-evaluate MU's fair value & ex...

2023-04-12 08:00:00 ET Summary The macro environment is bad for Micron. Samsung's production cut will be positive. While the longer-term outlook is solid, the upside in 2023 could be limited. Article Thesis The current fiscal year will likely be pretty bad for Mi...

2023-04-12 05:12:00 ET 2022 was brutal for the stock market, and particularly for the technology sector. The Nasdaq-100 tech index plunged 33% for the year, but at this stage, it looks like it might have bottomed in October. The index has steadily climbed ever since, logging a 24% gain ...

2023-04-11 15:07:10 ET Summary We end each quarter reviewing our work in the semi space - discussing our best calls and where we could’ve done better. Our favorite semi stocks this quarter have been Nvidia Corporation and Advanced Micro Devices, Inc. We’ve been m...

2023-04-11 11:58:27 ET Intel ( NASDAQ: INTC ) led semiconductor stocks higher on Tuesday as the company's CEO met with a Chinese official to discuss the state of the industry. In a statement , China's Ministry of Commerce said Minister Wang Wentao talked with Intel ( I...

2023-04-11 10:33:29 ET Summary Western Digital and Micron have had substantial inventories to work through, causing memory prices to drop significantly. Samsung’s decision to reduce memory chip production should alleviate the inventory overhang in late 2023 with a recovery ...

2023-04-11 08:17:40 ET Global semiconductor sales dropped 4% in the month of February, billing ~$39.7B. That is a 20.7% slump from last year same month, according to SIA or Semiconductor Industry Association. Region-wise Y/Y sales: Americas -14.8%, Europe -0.9%, and ...

2023-04-11 07:30:00 ET Summary Micron's FQ2 report was horrendous, and FQ3 is actually worse on an EPS guide basis. But the worst arriving is a boon to bulls as there's no bear thesis left. With Samsung admitting to cutting production (I knew it would months ago), the supply-d...

2023-04-11 05:30:00 ET The memory market is experiencing one of the biggest downturns, causing Micron Technologies ' (NASDAQ: MU) earnings to plummet. But could recent Samsung news be a turning point for Micron investors? Also, Taiwan Semiconductor Manufacturing (NYS...