Will You Bottom Micron at $130 or Lower?

Micron's financial report significantly exceeded market expectations in all indicators, and its outlook guidance generally met market expectations. However, despite excellent financial performance, the outlook guidance not exceeding market expectations caused the stock price to fall in after-hours trading. --------------------------- What's your target price for Micron? Will you hold Micron in the long-term?

avatarSuccess88
07-02
$United Microelectronics(UMC)$$Intel(INTC)$ $Taiwan Semiconductor Manufacturing(TSM)$    UMC Holdings (NYSE: UMC), a leading global semiconductor foundry, recently announced a dividend payout for its American Depositary Receipts (ADRs). This news comes amidst UMC's continued focus on the mature node market, a segment showing promising growth potential. Upcoming ADR Dividend: Investors holding UMC ADRs before the ex-dividend date of July 2nd, 2024, will be eligible to receive a dividend of $0.463 USD per share on the payout date of July 31st, 2024. This dividend distribution reflects UMC's commi
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avatarChris Luk
07-02

Micron's Memory Malaise: A Spike Top Warns of Downturn

#MU Micron's Memory Malaise: A Spike Top Warns of Downturn Micron Technology (MU $Micron Technology(MU)$ ) has been on a downward spiral, raising concerns about its future prospects. While a general market correction can't be discounted, several factors specific to Micron are contributing to its recent plunge. This article dives into the reasons behind MU's decline and analyzes the technical indicators suggesting a potentially extended bearish trend. Waning Demand and Excess Inventory: The memory chip market, Micron's bread and butter, is experiencing a period of softening demand. The initial pandemic-driven surge has subsided, leading to an oversupply of chips. This imbalance puts downward pressure on chip prices, impacting Micron's profitability.
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Micron's Memory Malaise: A Spike Top Warns of Downturn
avatarYelu
06-28
$Micron Technology(MU)$ Smart choice to bottom at $130!
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avatarSamlunch
06-28
$Micron Technology(MU)$  I started building a position in $MU today in the low $130s (so I’m a little biased) but the stock is simply too cheap especially when you compare it to $AMD. $AMD has a $250B market cap and is expected to do $5.5B of EBITDA over the next 12 months so it’s trading at 45x NTM EV/EBITDA. $MU has a $150B market cap and is expected to do $20B of EBITDA over the next 12 months so it’s trading at 7.5x NTM EV/EBITDA. $AMD better do $8-10B next year in MI-chip sales or the stock will get pounded because it’s wildly overvalued in that scenario. I know that $MU has always traded with a lower multiple because DRAM/SSD is a cyclical business with pricing troughs but HBM in the context of an AI-revolution means higher growth rat
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avatarSuperia
06-27
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avatarHENG8
06-27
$Micron Technology(MU)$ Should be above $130resistance 
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avatarIykyk
06-27
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avatarTigerOptions
06-27

Why I Am Still Bullish on MU

$Micron Technology(MU)$ investors were hit with a surprise yesterday as the stock price tumbled after their Q3 earnings report. While the company delivered strong results, exceeding analyst expectations for both EPS and revenue, their forward guidance fell slightly short of some estimates. This caused a knee-jerk reaction in the market, but as someone who follows MU closely, I see this as a potential buying opportunity for long-term investors with a focus on the bigger picture. Let's not overshadow the positive aspects of the report. Micron emphatically crushed their Q3 earnings, boasting a significant year-over-year jump in both revenue (82%) and EPS (17%). Their cash flow from operations remained healthy, and their gross margin stayed positive. Th
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Why I Am Still Bullish on MU
avatarMichael Esther
06-27

I would do the trade again, but with 2 contracts instead of 5

This is Michael.I'll be taking a loss on these $Micron Technology(MU)$ calls I held through earnings tomorrow. I'm taking accountability for it and responsibility for it. And you should too.We made so much money on the ride up that it was okay to risk some calls into earnings. It was all based on the guidance but unfortunately it came it light and weak.Which is strange to me because every AI chip needs MEMORY and better ones too. MEMORY is required for AI to perform well.ImageThis is from there EARNINGS report:$Micron Technology(MU)$ is one of the few providers of high-bandwidth memory chips used in the most advanced AI systems, allowing it to cash in on surging demand for the semiconductors.The company's res
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I would do the trade again, but with 2 contracts instead of 5
avatar冲冲高
06-27
$Micron Technology(MU)$  should be stop at $140
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avatarAI_Dig
06-27

Earnings Digest | Why did Micron's stock plummet?

$Micron Technology(MU)$ released its financial results for the third quarter of fiscal year 2024 after hours yesterday, corresponding to the performance up to May 30th this year, the stock price dropped by a whopping 7.98%.Two Reasons First, Micron expects fourth-quarter sales to be in the range of $7.4 billion to $7.8 billion, while the average analyst estimate is $7.58 billion, while some estimates are higher than $8 billion.The second is that while the AI computing boom has boosted Micron, demand in traditional markets such as personal computers and smartphones remains sluggish, and the outlook suggests those areas are not recovering as quickly as some had hoped from last year's historic declines.But is that really the case?Looking at the revenue
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Earnings Digest | Why did Micron's stock plummet?
avatarSamlunch
06-27
$Micron Technology(MU)$  LOOK AT WHAT $MU MICRON JUST SAID ON EARNINGS: "Our HBM (High-bandwidth memory product) is sold out for 2025, with pricing already contracted for the overwhelming majority of our 2025 supply." Stock recovering a little but this feels like a dip that may end up getting bought...one of the fears about $MU is that memory storage has been commoditized, but they just said they sold out supply for the next year and contracted out pricing, meaning vendors ended up going with Micron over the competition...
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avatarJacksNiffler
06-27

MU Q3 Review, fantastic earnings but too much priced-in?

$Micron Technology(MU)$ in the 26th U.S. stock market after-hours released Q3 financial results for fiscal year 2024, the overall results in line with market expectations, the storage industry face turnaround driven by its revenue and gross margin rebound, the next quarter of business is expected to improve, but there are also some problems and challenges.Investment HighlightsOverall performance: Revenue of $6.811 billion, up 81.5% year-on-year, slightly better than expected, and net income of $332 million, remaining profitable. Revenue rebound was mainly driven by growth in the DRAM and NAND businesses, while operating profit and margins rebounded on the back of improved gross margins.DRAM and NAND business rebound: the price end of the quarter wer
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MU Q3 Review, fantastic earnings but too much priced-in?
avatarIykyk
06-27
$Micron Technology(MU)$ Oh no. Seems not able to make it 
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avatarMarkN
06-27
$Micron Technology(MU)$ Earnings beat estimates, but after market price seems to be down, possibly due to profit taking after the amazing rise YTD. But Micron continues to be strong forward looking with a profitable 2025 expected due to HBM for AI, it should rebound and hit $150 in the next few weeks.
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avatarVincent Chua
06-26
$Micron Technology(MU)$ bullrun ！Micron have very good relationship with nvidia. i did believe tat micron company still have many potential to improve so when nvidia run bull eventually $Micron Technology(MU)$ and$Taiwan Semiconductor Manufacturing(TSM)$  ll run bull together
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avatarMushroom88
06-26
$Micron Technology(MU)$ Will still continue rise & it will hit $150 & above. Let's watch it go higher high 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
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avatarAzmm
06-26
$Micron Technology(MU)$ The momentum at the moment should push the stock higher! If outlook of markets stays normal!
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avatarV1p3r32
06-26
$Micron Technology(MU)$ don't challenge, all semicons rising
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avatarCAPTAINPIG
06-26
$Micron Technology(MU)$ $160 is a given after ER. Only concern is whether it is gg to hit $180 by next mth.
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