Micron Plunge Post Earnings: Is $85 a Solid Buy?

Micron Technology is down more than 16% after hours on Wednesday after the Idaho-based chipmaker reported weaker-than-expected earnings and grim outlook. ------------ Is it oversold? Would you buy the dip at $85? What's the fair price?

avatarUltrahisham
12-18 13:45
Can Micron Replicate Broadcom’s Post-Earnings Performance? The technology sector thrives on innovation and robust financial performance, often dictating the trajectory of companies in this space. Recently, Broadcom’s (AVGO) post-earnings rally captured market attention, driven by strong financial results and optimistic guidance. With Micron Technology (MU) set to announce its own earnings, the big question is whether Micron can replicate Broadcom’s stellar performance. Let’s explore the factors at play. Broadcom’s Earnings Success: A Benchmark for Micron? Broadcom’s success stemmed from its solid execution in high-growth markets like artificial intelligence (AI), networking, and semiconductors. Key drivers included: 1. Strong Revenue Growth: Broadcom reported a significant year-over-year r
avatarAN88
04:05
$Micron Technology(MU)$  yes can replicate Broadcom surge
avatarnerdbull1669
12-17 07:07

Micron (MU) Earnings Could Be Driven By Increased DRAM Demand

$Micron Technology(MU)$ is expected to release earnings on 18 Dec2024 after the market closes (AMC). MU last reported earnings on 25 Sep 2024 after the market close (AMC). MU shares gained +14.7% the day following the earnings announcement to close at 109.76. Following its earnings release, 82 days ago, MU stock has drifted -1.4% lower. From the time it announced earnings, MU traded in a range between 95.53 and 114.30. The last price (108.26) is closer to the higher end of range. Micron is expected to deliver $8.71 billion in revenue and $1.76 in adjusted earnings per share (EPS) on Wednesday. But as investors we should also look out for the company forward guidance and outlook for 2025. Demand For DRAM In PC and Handset Might Set To Increase Favori
Micron (MU) Earnings Could Be Driven By Increased DRAM Demand
avatar非一般股民
12-18 23:44
nvdx
avatarjayc
12-18 15:43
$Micron Technology(MU)$ is a leader in the markets for DRAM (dynamic random-access memory), which is used in desktop computers and servers, and for flash memory, which is found in smartphones and solid-state hard drives. It has also become a key supplier of HBM (high-bandwidth memory) for artificial intelligence servers. Micron stock is up 27% this year at roughly $108, compared with a 17% rise for the iShares Semiconductor exchange-traded fund.
avatarxKKx
12-18 19:57
$Micron Technology(MU)$   I think Micron should do well due AI demand. 
avatarTiger_Earnings
12-16 15:08

🎁Weekly Higher EPS Estimates: ACN, MU, CTAS, PAYX, CCL & More

😀Hi Tigers,We invite you to take a closer look at the possible winners by EPS in the Q3 earnings season.In this post, we have highlighted the top 20 stocks by market capitalization with an estimated higher EPS ahead of their earnings in the period from December 16 to December 20.1. Why EPS Matters?Earnings per share(EPS), refers to the income per share brought to investors/shareholders in the open market.EPS is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability.Investors like companies with high profitability, and the market always rewards those earnings results that beat the estimates. Hope the following content helps you learn more about good companies.2. Weekly List of Stocks wi
🎁Weekly Higher EPS Estimates: ACN, MU, CTAS, PAYX, CCL & More
avatar龍先生_sg
12-18 13:43
$MU 20241227 105.0 CALL$ Load up, TP towards earnings??? Or will it be like AVGO....... any ideas ?
avatarSandra Nehemiah
12-17 15:17
$NVIDIA(NVDA)$ $Broadcom(AVGO)$ is now at a P/E of nearly 40 with debt on balance sheet at $60 billion. NVDA has nearly $30 billion in cash on the balance sheet with a lower forward P/E. NVIDIA and $Micron Technology(MU)$ are the stocks with most upside from AI. AVGO and $Marvell Technology(MRVL)$ are great companies but their stocks are fully valued. Of course, NVIDIA's rate of growth is decelerating, compared to when its market cap was less than half a trillion$. Now it's 3.5 trillion market cap approximately, so it can't double from that every year. But NVIDIA EPS growth is still robust, along
avatarZEROHERO
12-18 00:05
I opened $MU 20241227 98.0 PUT$  ,Sell put on MU expecting positive earnings report after FOMC. Will take on MU earnings play right tomorrow as well. Stay tuned!
avatarShyon
12-16 18:50
My pick will be $Micron Technology(MU)$ , as a leading semiconductor company specializing in memory and storage solutions, such as DRAM,NAND flash memory. Its strong position in the memory industry benefits from growing demand in cloud computing, AI, and 5G. Micron focus on innovation & its global presence help it stay competitive & tap into diverse markets. The memory market is set to grow, and Micron is well-positioned to benefit. The company’s strong financial performance, driven by high demand & advanced production, supports long-term success. As industries increasingly rely on data-driven applications, Micron’s products remain in high demand. Investing in Micron provides exposure to the expanding semiconductor sector, with strong g
@Tiger_Earnings:🎁Weekly Higher EPS Estimates: ACN, MU, CTAS, PAYX, CCL & More
avatarSoyabean89
12-16 23:18
avatarWinnnnnn
12-16 21:39
$Micron Technology(MU)$ in before 12/18 quater earning out, hear high potential good earning
$Micron Technology(MU)$ Long term holding 

What’s Going On with MU? 🧐

The emergence of AI has unleashed a tidal wave of demand for memory and storage solutions, thrusting companies like Micron Technology into a position of critical importance. AI systems -- especially the massive and ever-expanding LLMs -- are voracious consumers of memory. These systems thrive on speed and capacity; the more advanced and robust the memory, the better their performance. In this dynamic, Micron isn't just a participant -- it’s a cornerstone of AI’s meteoric rise.At the core of Micron’s strategy lies its focus on high-bandwidth memory (HBM), a product so essential that AI heavyweights like $NVDA & $AMD rely on it to fuel their groundbreaking innovations. The demand is insatiable. Micron’s production capacity for HBM is fully tapped, a clear signal of immense growth potenti
What’s Going On with MU? 🧐
$MU VERTICAL 250110 PUT 91.0/PUT 92.0$  Disclaimer: Whatever I say or post doesn't act as financial advice, so please do your due diligence before making any decision. Re open a position on MU as my current one will expire worthless today. Money in the bag and hope for the best[Wow]   @madluvyz - Specialist in using TA to sell options and swing trade.😺
【Voting Post】$Micron Technology(MU)$  Do you anticipate a pump or dump after the upcoming MU earnings call? Let’s get some facts to help educate retail investors. These are the stock price movements of semiconductor stocks after recent earning calls and the actual odds is 2/9: NVDA: dump AMD: dump QCOM: dump TSM: dump ASML: dump AMAT: dump DELL: dump LRCX: pump Marvell: pump Broadcom: Not released yet Micron is a good long-term stock but it is important to enter at the right time especially when price is highly manipulative.