//@Laynes: Great article, woul

Like
Comment
Favorite

//@Laynes: Great article, would you like to share it?

Micron's Stock Is Among the S&P 500's Best This Year. Why It Just Got Upgraded

Micron Technology Inc. shares have started the year strong, with a 34% surge so far in 2024.So why is Baird analyst Tristan Gerra upgrading the memory-chip company’s stock now?Shares of Nvidia Corp., Broadcom Inc. and SMTC Corporation.

Micron's Stock Is Among the S&P 500's Best This Year. Why It Just Got Upgraded

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.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":317461517926584,"tweetId":"317461517926584","gmtCreate":1718544419957,"gmtModify":1718544424557,"author":{"id":4176502489030292,"idStr":"4176502489030292","authorId":4176502489030292,"authorIdStr":"4176502489030292","name":"Laynes","avatar":"https://community-static.tradeup.com/news/35dc798935e5f7ffeda06becf0535c9a","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.16","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>//<a href=\"https://ttm.financial/U/4176502489030292\">@Laynes</a>: Great article, would you like to share it?</body></html>","htmlText":"<html><head></head><body>//<a href=\"https://ttm.financial/U/4176502489030292\">@Laynes</a>: Great article, would you like to share it?</body></html>","text":"//@Laynes: Great article, would you like to share it?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/317461517926584","repostId":1102030285,"repostType":2,"repost":{"id":"1102030285","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1714996013,"share":"https://www.laohu8.com/m/news/1102030285?lang=&edition=full","pubTime":"2024-05-06 19:46","market":"us","language":"en","title":"Micron's Stock Is Among the S&P 500's Best This Year. Why It Just Got Upgraded","url":"https://stock-news.laohu8.com/highlight/detail?id=1102030285","media":"Dow Jones","summary":"Micron Technology Inc. shares have started the year strong, with a 34% surge so far in 2024.So why is Baird analyst Tristan Gerra upgrading the memory-chip company’s stock now?Shares of Nvidia Corp., Broadcom Inc. and SMTC Corporation.","content":"<html><head></head><body><p>Micron Technology Inc. shares have started the year strong, with a 34% surge so far in 2024.</p><p style=\"text-align: start;\">So why is Baird analyst Tristan Gerra upgrading the memory-chip company’s stock now? He admitted the call is “a bit late” but noted that Micron shares have pulled back recently — they’re down just over 10% from their record-high close in early April.</p><p>Micron shares were up nearly 3% in premarket action Monday. The stock is already one of the S&amp;P 500’s SPX best this year — ranking ninth as of Friday’s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0b0fbc4528bcb5d67b6d1facc1850ca5\" tg-width=\"786\" tg-height=\"619\"/></p><p>“We see meaningful upside opportunities ahead for Micron notably given the stock’s recent pullback, in discrepancy with incrementally positive trends unfolding in DRAM per our recent channel checks,” he wrote, referring to dynamic random-access memory.</p><p>That creates the backdrop for a “somewhat unprecedented outlook for memory over the next 12-18 months,” Gerra added, lifting his rating on Micron shares to outperform from neutral and upping his price target to $150 from $115.</p><p>In Gerra’s view, DRAM pricing is stronger than the channel expects. There are also ways for Micron to capitalize on strong pricing trends on its own, such as by seeing customers ramp inventories of DDR5 memory offerings.</p><p>He said customers “will maintain the 15% price premium of DDR5 over DDR4 in the next few quarters.”</p><p>Micron is also poised to benefit from rising demand for high-bandwidth memory, which is increasingly of interest in the artificial-intelligence boom.</p><p>High-bandwidth memory looks like a “new supercycle in formation, with unprecedented gross margin upside potential for Micron, reminiscent in our view of the early days of the NAND ramp,” Gerra noted. Micron’s HBM3E product could yield a 60%-plus gross margin, and the company could pick up a high-single-digit share of the market by the end of this calendar year.</p><p>Gerra said now sees Micron’s stock as one of his top picks in the semiconductor sector. The others? Shares of Nvidia Corp., Broadcom Inc. and SMTC Corporation.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron's Stock Is Among the S&P 500's Best This Year. Why It Just Got Upgraded</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron's Stock Is Among the S&P 500's Best This Year. Why It Just Got Upgraded\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-06 19:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Micron Technology Inc. shares have started the year strong, with a 34% surge so far in 2024.</p><p style=\"text-align: start;\">So why is Baird analyst Tristan Gerra upgrading the memory-chip company’s stock now? He admitted the call is “a bit late” but noted that Micron shares have pulled back recently — they’re down just over 10% from their record-high close in early April.</p><p>Micron shares were up nearly 3% in premarket action Monday. The stock is already one of the S&amp;P 500’s SPX best this year — ranking ninth as of Friday’s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0b0fbc4528bcb5d67b6d1facc1850ca5\" tg-width=\"786\" tg-height=\"619\"/></p><p>“We see meaningful upside opportunities ahead for Micron notably given the stock’s recent pullback, in discrepancy with incrementally positive trends unfolding in DRAM per our recent channel checks,” he wrote, referring to dynamic random-access memory.</p><p>That creates the backdrop for a “somewhat unprecedented outlook for memory over the next 12-18 months,” Gerra added, lifting his rating on Micron shares to outperform from neutral and upping his price target to $150 from $115.</p><p>In Gerra’s view, DRAM pricing is stronger than the channel expects. There are also ways for Micron to capitalize on strong pricing trends on its own, such as by seeing customers ramp inventories of DDR5 memory offerings.</p><p>He said customers “will maintain the 15% price premium of DDR5 over DDR4 in the next few quarters.”</p><p>Micron is also poised to benefit from rising demand for high-bandwidth memory, which is increasingly of interest in the artificial-intelligence boom.</p><p>High-bandwidth memory looks like a “new supercycle in formation, with unprecedented gross margin upside potential for Micron, reminiscent in our view of the early days of the NAND ramp,” Gerra noted. Micron’s HBM3E product could yield a 60%-plus gross margin, and the company could pick up a high-single-digit share of the market by the end of this calendar year.</p><p>Gerra said now sees Micron’s stock as one of his top picks in the semiconductor sector. The others? Shares of Nvidia Corp., Broadcom Inc. and SMTC Corporation.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MU":"美光科技"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102030285","content_text":"Micron Technology Inc. shares have started the year strong, with a 34% surge so far in 2024.So why is Baird analyst Tristan Gerra upgrading the memory-chip company’s stock now? He admitted the call is “a bit late” but noted that Micron shares have pulled back recently — they’re down just over 10% from their record-high close in early April.Micron shares were up nearly 3% in premarket action Monday. The stock is already one of the S&P 500’s SPX best this year — ranking ninth as of Friday’s close.“We see meaningful upside opportunities ahead for Micron notably given the stock’s recent pullback, in discrepancy with incrementally positive trends unfolding in DRAM per our recent channel checks,” he wrote, referring to dynamic random-access memory.That creates the backdrop for a “somewhat unprecedented outlook for memory over the next 12-18 months,” Gerra added, lifting his rating on Micron shares to outperform from neutral and upping his price target to $150 from $115.In Gerra’s view, DRAM pricing is stronger than the channel expects. There are also ways for Micron to capitalize on strong pricing trends on its own, such as by seeing customers ramp inventories of DDR5 memory offerings.He said customers “will maintain the 15% price premium of DDR5 over DDR4 in the next few quarters.”Micron is also poised to benefit from rising demand for high-bandwidth memory, which is increasingly of interest in the artificial-intelligence boom.High-bandwidth memory looks like a “new supercycle in formation, with unprecedented gross margin upside potential for Micron, reminiscent in our view of the early days of the NAND ramp,” Gerra noted. Micron’s HBM3E product could yield a 60%-plus gross margin, and the company could pick up a high-single-digit share of the market by the end of this calendar year.Gerra said now sees Micron’s stock as one of his top picks in the semiconductor sector. The others? Shares of Nvidia Corp., Broadcom Inc. and SMTC Corporation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":147,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":45,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}