MU News and Press, Micron Technology Inc. From 07/03/23

2023-07-03 06:54:00 ET Micron (NASDAQ: MU) is one of the world's largest producers of DRAM and NAND memory chips. It also represents the easiest way for U.S. investors to invest directly in the secular expansion of the memory chip market for two reasons. First, Micron's largest ...

2023-07-03 05:14:26 ET Summary Micron Technology has seen a few tough quarters during which it reported big losses after even reporting negative gross margins. While the long-term outlook remains good, the current woes are bigger than I anticipated late in 2022. With shares ha...

2023-07-02 20:00:00 ET Summary Despite decent earnings results, MU guided a disappointing 4Q FY2023 outlook as the company faces significant challenges with China's ban on its products. The management indicated that the half of its revenue from China is at risk of being lost and w...

2023-07-02 13:10:44 ET Netlist ( OTCQB:NLST ) lost a challenge it made in a patent validity probe with the U.S. Patent and Trademark Office that had argued Google ( GOOGL ) was an interested party in a patent dispute with Samsung Electronics ( OTCPK:SSNLF ). Google is not a ...

2023-07-02 10:00:00 ET Summary The chip war between the US and China has claimed another victim, potentially impacting MU's top line by $3.31B or the equivalent of 10.7% of its FY2022 revenues. Interestingly, the management announced plans to invest $600M in Xian, China, over the ...

2023-07-02 09:00:00 ET Micron Technology (NASDAQ: MU) is one of only three companies that makes both DRAM and NAND flash memory chips, which will be key components of any artificial intelligence system. With strong AI tailwinds, one would think Micron's results and stock would b...

2023-06-30 12:06:02 ET Summary Micron recently reported its Q3 FY 2023 results, showing a slight improvement from the previous quarter. The market dynamics in the chip memory industry remain challenging, and a recovery is highly uncertain over the next twelve months. China's r...

2023-06-30 11:52:16 ET Semiconductor stocks were largely higher on Friday, spurred in part by an upgrade of Nvidia ( NASDAQ: NVDA ) on the company's artificial intelligence prowess. Nvidia ( NVDA ) shares rose nearly 4% after Daiwa Capital upgraded the tech giant, ci...

2023-06-30 09:42:22 ET Summary Micron reported better-than-expected earnings for the third quarter, with a topline beat of $76M and an EPS beat of $0.14 per share. Despite a 57% Y/Y decline in revenues due to falling demand for computer and memory chips, the company saw a 2% Q/Q i...

2023-06-30 07:48:19 ET This week's dividend activity included increased payouts from General Mills ( NYSE: GIS ), as well as declarations from companies like Eli Lilly ( LLY ) and Mastercard ( NYSE: MA ). Meanwhile, looking ahead to next week, industry players like J...