Micron Technology, Inc. (NASDAQ:MU) Faces Selling Pressure, Edgewater Issues Bearish DRAM Market Call

Insider Monkey06:31

We recently compiled a list of the 15 AI News You Must Read Today. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other AI stocks that are...

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(NASDAQ:MU) Faces Selling Pressure, Edgewater Issues Bearish DRAM Market Call\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 06:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/micron-technology-inc-nasdaq-mu-223137574.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 15 AI News You Must Read Today. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other AI stocks that are...</p>\n\n<a href=\"https://finance.yahoo.com/news/micron-technology-inc-nasdaq-mu-223137574.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DRAM","symbol_name":"达泰莱","start_time":0,"source_url":"https://finance.yahoo.com/news/micron-technology-inc-nasdaq-mu-223137574.html","article_id":"2483935158","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/JoflTsB1ST4GpQm88wxz3w--~B/aD0xMjgwO3c9MTkyMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/insidermonkey.com/6629cda35d240dc9f1a9552f313ca8c8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483935158","pubTimestamp":1731623497,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 15 AI News You Must Read Today.In this article, we are going to take a look at where Micron Technology, Inc.  stands against the other AI stocks that are making waves.As per OpenAI, investment in the US AI is going to result in tens of thousands of jobs, GDP growth, a modernized grid that includes nuclear power, a new group of chip manufacturing facilities, and billions of dollars in investment from global funds. While Trump plans on repealing Biden’s executive order on AI, OpenAI has, in turn","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DRAM":"达泰莱","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","BK4527":"明星科技股","QLD":"纳指两倍做多ETF","BK4588":"碎股","BK4579":"人工智能","BK4141":"半导体产品",".IXIC":"NASDAQ Composite","MU":"美光科技","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","TQQQ":"纳指三倍做多ETF","PSQ":"纳指反向ETF","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4566":"资本集团","BK4512":"苹果概念","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","BK4112":"金融交易所和数据","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","NDAQ":"纳斯达克OMX交易所","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4554":"元宇宙及AR概念","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","QID":"纳指两倍做空ETF","BK4553":"喜马拉雅资本持仓","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","SQQQ":"纳指三倍做空ETF","BK4575":"芯片概念","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC"},"translate_title":"美光科技公司（纳斯达克：MU）面临抛售压力，Edgewater发布看跌DRAM市场看涨期权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"NDAQ":1,"MU":1,"DRAM":1,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"We recently compiled a list of the 15 AI News You Must Read Today. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other AI stocks that are making waves.\nPaul Hickey, Bespoke co-founder, joined CNBC’s ‘Closing Bell: Overtime’ to discuss the market’s reaction to the election results and earnings. According to Hickey, as the President-elect's cabinet takes shape, it will provide insight into what to expect moving forward. However, he notes that election results can be overstated. Over the past 16 years, we’ve had some \"very good\" market returns for Obama, Trump, and Biden, he notes. Looking ahead, Hickey suggests that the AI bull market is likely to persist, driven by momentum, and will likely only change course if influenced by a significant external force.\nREAD ALSO: 10 AI Headlines Making Waves Today and 15 AI News That Broke The Internet\nHickey’s remarks demonstrate how the market is resilient in adapting to different administrations. The current AI boom stands to be a case in point, where innovations in artificial intelligence and machine learning have been attracting investors and consequently driven substantial capital inflows. Therefore, it is safe to say that companies harnessing AI for productivity gains, efficiency improvements, and new revenue streams have become the focal point of market optimism. As more industries integrate AI technology into their operations, the resulting growth potential could sustain the bull market for an extended period.\nDevelopments in the AI Landscape \nWith AI momentum showing no signs of slowing down, there seemingly isn’t anyone who doesn’t want to reap all the benefits that AI delivers. Every year, more than a thousand startups join Station F, an iconic startup in Paris. Station F selects the top 40 most promising startups from the pool of 1000, sharing a list of what it calls the “Future 40”. 34 of the 40 startups this year have been using artificial intelligence, implying the significance of the technology.\nArtificial intelligence is just as much a focal point nationally as it is at the local level. That said, OpenAI recently revealed its plans to work with the new administration on AI policy. Known as the official “blueprint for U.S. AI infrastructure”, it involves artificial intelligence economic zones, tapping the U.S. Navy’s nuclear power experience and government projects funded by private investors, notes CNBC. The blueprint also includes a North American AI alliance to compete with China’s initiatives and a National Transmission Highway Act “as ambitious as the 1956 National Interstate and Defense Highways Act.”\nAs per OpenAI, investment in the US AI is going to result in tens of thousands of jobs, GDP growth, a modernized grid that includes nuclear power, a new group of chip manufacturing facilities, and billions of dollars in investment from global funds. While Trump plans on repealing Biden’s executive order on AI, OpenAI has, in turn, highlighted a plan of AI economic zones co-created by state and federal governments “to give states incentives to speed up permitting and approvals for AI infrastructure”, amongst other things.\nFor this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n Photo by \nJavier Esteban on \nUnsplash\nMicron Technology, Inc. (NASDAQ:MU)\nMarket Capitalization: $115.42 billion\nMicron Technology, Inc. (NASDAQ:MU) provides innovative memory solutions. These memory and storage solutions are crucial components in GPUs used for AI processing.\nOn November 12, shares of Micron Technology, Inc. (NASDAQ:MU) fell by 5.3% in morning trading following a note from Edgewater Research. The report had advised caution about the Dynamic Random-Access Memory (DRAM) market, painting a bearish picture for Micron and the long-term benefits it is likely to receive from the AI boom. Mizuho Securities analyst Jordan Klein warned of the event the same day:\n\n “Edgewater (after destroying MPWR yesterday) is out with a CAUTIOUS DRAM [dynamic random access memory] call today…expect selling pressure (and likely shorts pressing) Micron today”.  \n\nOverall MU ranks 5th on our list of AI stocks that are making waves today. While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483935158"}