Samlunch
03-21

$Micron Technology(MU)$ 

BREAKING: Micron stock, $MU, is officially trading above its July 2000 peak for the 2nd time in history.

Micron is trading in all time high territory, 15% above its Dot-com bubble peak, after reporting strong earnings.

The company reported that revenue rose to $5.8 billion from $3.7 billion due to AI demand.

It also saw a massive swing in net income going from a $2.3 billion loss to a $793 million gain.

$MU is officially worth over $100 billion by market cap.

The AI boom is thriving.

Chip stocks are up sharply across the board after Micron's earnings.

We are set to see major market indices open in all time high territory.

Market euphoria is alive and well as we have seen since October 2023.

Which Stock Will Benefit From AI Race?
The AI sector is undoubtedly one of the hottest sectors in the market, which pushed SaaS stocks and chip stocks to go higher. Microsoft surged to a fresh record high after the company announced the launch of its latest AI assistant, Microsoft Copilot for Security. Adobe becomes the victim of AI development and plunged 11% in the extended trading. ----------------- Which AI stock is your TOP pick? Is it a software company that develops AI? Or is it a chip company that provides computing power?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • whatisthis
    03-23
    whatisthis
    Great article, would you like to share it?
  • sasdaaaa
    03-23
    sasdaaaa

    Great ariticle, would you like to share it?

  • sasdaaaa
    03-23
    sasdaaaa

    Great ariticle, would you like to share it?

  • 佛脚哥未必是狂澜哥
    03-23
    佛脚哥未必是狂澜哥

    Great ariticle, would you like to share it?

  • Barcode
    03-23
    Barcode
    Great! Holding long for April dividend 😊
  • Sonsonkok
    03-22
    Sonsonkok

    Great article, would you like to share it?

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