Micron Technology has reported a swift recovery from the April 3, 2024 earthquake in Taiwan, with no lasting damage to facilities or long-term DRAM supply capabilities. The company’s team members are safe, and its investments in infrastructure resiliency are paying off, resulting in a well-managed restoration of DRAM production. Micron anticipates the earthquake may affect a mid-single digit percentage of their quarterly DRAM supply.
The Micron stock price gained 4.35% on the last trading day (Thursday, 11th Apr 2024), rising from $122.20 to $127.51.
The stock lies in the upper part of a very wide and strong rising trend in the short term.
It holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Zacks Rank is a Buy
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- dimpy·04-12TOPMicron has bounced back so quickly from that earthquake.1Report
- NING667·04-12TOPWah, that's really good news leh!1Report