MU News and Press, Micron Technology Inc. From 07/13/23

2023-07-13 12:00:00 ET Summary Cirrus Logic's stock has suffered due to the loss of an iPhone haptic product, but its prospects look promising due to potential synergies. These include growth vectors in Apple, Android, and a new PC business. Despite a bearish outlook in the short ...

2023-07-12 14:31:05 ET Summary We end each quarter by reviewing our work within the semi and software/hardware spaces, analyzing our best calls and where we could’ve done better. This quarter was exceptional; we launched our Investing Group, Nvidia Corporation triggered the...

2023-07-12 14:12:16 ET Semiconductor stocks were largely in the green on Wednesday, aided in part by a large investment by sector giant Nvidia ( NASDAQ: NVDA ) and acquisition approval for Broadcom ( NASDAQ: AVGO ). Nvidia ( NVDA ) shares rose 3% after the compan...

2023-07-11 19:45:00 ET Summary Heading into the Q1 earnings season, we were expecting an ‘earnings recession’ based on a negative Q4 actual growth rate along with analyst estimates forecasting a negative growth rate for both Q1 and Q2. Over the last three months, the...

2023-07-11 08:46:36 ET KeyBanc Capital Markets quarterly supply chain findings for Asia suggested that China demand continues to be consistently weak, but AI data center demand have been shining. KeyBanc analysts noted that their quarterly supply chain findings are mixed but g...

2023-07-11 00:09:43 ET Summary Micron Technology has been struggling due to soft demand in PC and mobile segments, macroeconomic headwinds, and a China ban affecting certain customers. The company's financials show a loss for the last three quarters, but analysts predict a return ...

2023-07-10 06:22:10 ET Goldman Sachs says that there will likely be no growth on the top line this earnings season, but also that earnings revisions look to have bottomed. "S&P 500 ( SP500 ) ( NYSEARCA: SPY ) ( IVV ) ( VOO ) revenues are expected to post no year/...

2023-07-09 07:20:00 ET The memory chip markets are still in a severe downturn. Samsung , a major memory chip manufacturer, expects its operating profit to plunge by 96% year over year in the second quarter. Weak demand for memory chips is the main driver of the decline. Samsung is n...

2023-07-07 16:30:00 ET Wall Street gave Micron Technology 's (NASDAQ: MU) latest quarterly results a thumbs down, even though the company's top and bottom lines were better than what analysts were looking for. This shouldn't be surprising if you take a closer look at the company's n...

2023-07-07 10:48:04 ET Global semiconductor industry sales for May fell 21.1% year-over-year to $40.7 billion. Sales rose 1.7% month-over-month, according to The Semiconductor Industry Association (SIA). Region wise Y/Y sales: Europe +5.9%, Japan -5.5%, the Americas -22.6%, Asi...