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Microntechnology

Micron Technology - 100% in 6 months!Hello Traders and Investors, today I will take a look at Micron Technology. -------- Explanation of my video analysis: Back in 2018 we saw a beautiful break and retest on Micron Technology which indicated even more continuation towards the upside. For over 5 years Micron Technology has also been trading in a quite nice rising channel formation and is now approaching the upper resistance trendline. I do expect a pullback and a retest of the previous all time highs and then just more continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:MU
by basictradingtv
7
Micron Release Quad-Port SSD For Next-Gen Intelligent VehiclesMicron Technology, Inc., ( NASDAQ:MU ) a global leader in memory and storage solutions, has unveiled a groundbreaking advancement in storage technology with the introduction of the automotive-grade Micron 4150AT SSD. This quad-port SSD promises to reshape the landscape of intelligent vehicles, offering unparalleled performance and efficiency for AI applications at the remote edge. As Micron prepares to navigate market shifts, including price hikes and evolving competition, its innovative strides position the company as a key player in the semiconductor industry. Revolutionizing Intelligent Vehicle Storage: The Micron 4150AT SSD represents a significant leap forward in intelligent vehicle technology. As the world's first quad-port SSD, it streamlines storage infrastructure by connecting with up to four systems on chips (SoCs), centralizing storage and optimizing performance for AI applications. With enterprise-class speeds and multi-port capability, this SSD enables efficient data management across multiple systems, essential for tasks ranging from advanced driver assistance systems (ADAS) to in-vehicle infotainment (IVI). Addressing Market Demand for AI and Autonomous Safety Technologies: Michael Basca, Micron's vice president of Embedded Products and Systems, underscores the necessity of a new storage paradigm to meet the escalating demands of AI and autonomous safety technologies. The Micron 4150AT SSD emerges as a solution tailored to these requirements, offering enhanced performance, power efficiency, and security crucial for the advancement of intelligent vehicles. Navigating Market Dynamics: In response to market dynamics, Micron ( NASDAQ:MU ) has announced plans to increase the prices of its DRAM and SSD products by over 25% in the second quarter. This strategic move aligns with anticipated market corrections and underscores Micron's commitment to maintaining profitability amidst evolving industry landscapes. Analysts predict stable pricing for SSDs in most end markets, highlighting Micron's resilience and strategic positioning. Dominance in Semiconductor Industry: Analysts have lauded Micron ( NASDAQ:MU ) for its advancements in high-bandwidth memory (HBM) technology, positioning the company as a formidable force in the semiconductor industry. With superior thermal and power efficiency compared to competitors, Micron's HBM3E is poised for significant market penetration, potentially surpassing $1 billion in revenue by 2024. Micron's stock performance, gaining over 93% in the past 12 months, reflects investor confidence in its innovative capabilities and market leadership. Conclusion: Micron's introduction of the 4150AT SSD marks a pivotal moment in the evolution of intelligent vehicle technology. As the company navigates market shifts and positions itself as a dominant player in the semiconductor industry, its commitment to innovation and strategic foresight will continue to drive growth and shape the future of automotive technology. With the Micron 4150AT SSD leading the charge, intelligent vehicles are poised to achieve new levels of performance, efficiency, and safety in the era of AI-driven mobility. Technical Outlook Micron Technology ( NASDAQ:MU ) is trading above the 200, 100, and 50-day Moving Averages (MA) respectively with a strong Relative Strength Index (RSI) of 66 indicating a strong buying momentum from investors.
NASDAQ:MULong
by DEXWireNews
Micron Technology's ($MU) Shares Reached New HighsMicron Technology's ( NASDAQ:MU ) shares have reached a new high after Bank of America raised its price target for the stock. The report from Bank of America stated that Micron is poised to gain from the artificial intelligence (AI) boom, as the company's high-bandwidth memory (HBM) is crucial for AI technology. Bank of America has named Micron, Marvell Technology, and Advanced Micro Devices as "junior samurAI" companies that are likely to gain from the AI boom, following the firm's "top picks," Nvidia and Broadcom. Bank of America has increased its price objective for Micron from $120 to $144 per share and reiterated a "buy" rating, as the company's potential to expand its HBM market share behind its Korean peers presents an opportunity for growth. The report also noted that the "junior samurAI" companies trade at a valuation premium to their respective leaders, which could result in greater stock volatility but also create profitable niches. Micron's shares ( NASDAQ:MU ) were up by almost 7% to $125.74 at 11 a.m. ET Monday, after earlier hitting an all-time high of $127.38. The stock has gained 53% year-to-date, with a Relative Strength Index (RSI) of 81.71 indicating an overbought situation or continuation of the current trend. Nvidia, a leader in the AI race, has already established itself as a major player in the field, with the companies within its AI ecosystem experiencing gains amid surging AI demand. Overall, Bank of America predicts that the accelerator market will increase to $200bn over the next three years, which could create opportunities among the second-tier vendors. Despite the volatile nature of the market, Micron's position in the HBM market, combined with the growth prospects of the AI industry, make it an attractive investment opportunity.
NASDAQ:MULong
by DEXWireNews
Micron's Meteoric Rise: AI Server Demand Propels to New HeightsMicron Technology Inc. ( NASDAQ:MU ) stands tall as a prime beneficiary. The recent surge in Micron's stock price, following an impressive earnings report and optimistic guidance, underscores the pivotal role the company plays in powering AI-driven innovations. With CEO Sanjay Mehrotra at the helm, Micron's strategic vision and robust performance position it as a leader in the semiconductor industry's AI revolution. Unveiling the Numbers: Micron's fiscal second-quarter earnings report exceeded all expectations, sending its stock soaring by a remarkable 18% in after-hours trading. The Boise-based company reported adjusted earnings of 42 cents per share, a significant leap from the previous year's loss of $1.91 per share. Revenue surged to $5.82 billion, up from $3.69 billion a year earlier, far surpassing analysts' estimates. AI's Ascendancy: What sets Micron ( NASDAQ:MU ) apart in this era of technological advancement is its pivotal role in catering to the burgeoning demand for AI-powered applications. CEO Sanjay Mehrotra's astute observation regarding AI server demand tightening supply dynamics sheds light on Micron's strategic positioning. The company's robust performance in the memory and storage chip markets, fueled by AI-driven demand, has led to substantial price increases, further bolstering its revenue and profitability projections for fiscal 2025. Charting New Heights: A closer look at Micron's ( NASDAQ:MU ) stock chart reveals a compelling narrative of growth and consolidation. Breaking out from a 16-month ascending channel in late February, Micron's stock price surged to an all-time high. Despite a brief period of consolidation preceding the earnings release, the stock's post-earnings breakout signals a bullish trend. Notably, the emergence of a double top pattern around $98 suggests a potential future price support level, highlighting investor confidence in Micron's long-term prospects. Future Prospects: As Micron ( NASDAQ:MU ) continues to ride the wave of AI-driven demand, investors remain optimistic about its future trajectory. With a projected current-quarter midpoint adjusted earnings of 45 cents per share and revenue forecasted at $6.6 billion, Micron ( NASDAQ:MU ) is poised for sustained growth. CEO Sanjay Mehrotra's strategic vision, coupled with Micron's technological prowess, positions the company as a frontrunner in shaping the future of AI-driven innovation.
NASDAQ:MULong
by DEXWireNews
Micron Technology: 2x Minimum Potential Regarding Micron Technology, we believe we are dealing with an overarching Wave (3). This wave should reach at least the 161.8% extension level at $158. We've seen the Wave (2) low buy at $1.36, indicating significant parabolic momentum has been built up. Since that low, there's been an increase of over 5000%, which is staggeringly high. However, as rapid and high as a rise can be, the correction downwards is often just as intense. This is both clear and increasingly likely. Examining this chart, we believe that in Wave (3), the subordinate Wave 1 has now been fully developed. We believe this due to the structure leaving little room for other possibilities. We might climb a bit further for Wave ((v)), but we also anticipate a potential downward trend or a development of Wave 2. This should lie between 50% and 78.6%, where we identify two crucial support zones. One is the subordinate Wave ((iv)) around 50%, and another is a support zone just over 78.6%. These zones are ones we place significant trust in. We've approached the old high four times at $97.71. We doubt we'll surpass this. If we do, we'll need to take a closer look at where Wave ((v)), Wave 1, and then Wave 2 precisely are. Nonetheless, we anticipate a three-wave movement downwards, as expected for the completion of Wave 2, at a minimum of 50%.
NASDAQ:MULong
by stromm_by_wmc
Micron Technology ($MU) Strike Partnership with NvidiaMicron Technology ( NASDAQ:MU ) emerges as a pivotal player, strategically positioning itself to capitalize on the accelerating demand for artificial intelligence (AI) infrastructure. Embarking on a promising trajectory, Micron's ( NASDAQ:MU ) recent collaboration with Nvidia ( NASDAQ:NVDA ) heralds a new chapter in its journey, propelling the company towards unprecedented growth and market dominance. Harnessing the Power of AI: As AI permeates diverse sectors, from autonomous vehicles to healthcare, the demand for robust computing solutions intensifies. Micron's ( NASDAQ:MU ) foresight in recognizing AI's pivotal role in shaping the future prompts strategic investments, particularly in its high-bandwidth-memory (HBM) chips. The integration of Micron's cutting-edge technology into Nvidia's latest H200 semiconductors amplifies performance, heralding a paradigm shift in AI infrastructure. Strategic Collaboration with Nvidia: The symbiotic partnership between Micron ( NASDAQ:MU ) and Nvidia underscores a shared vision of pioneering advancements in AI computing. Nvidia's unveiling of the H200 chip, boasting doubled inference performance over its predecessor, signifies a quantum leap in AI processing capabilities. Micron's ( NASDAQ:MU ) pivotal role in supplying HBM chips for the H200 not only underscores its technological prowess but also signifies a lucrative revenue stream, with projections hinting at generating "several hundred millions of dollars" in fiscal 2024. Positioned for Growth: Micron's ( NASDAQ:MU ) bullish stance on AI augurs well for its financial outlook, with projections indicating robust revenue growth amidst escalating demand for AI-related technologies. Despite an anticipated loss per share in the upcoming second-quarter earnings, Micron ( NASDAQ:MU ) remains buoyant, with revenues forecasted around $5.3 billion. CEO Sanjay Mehrotra's optimistic outlook underscores the company's confidence in navigating the burgeoning AI landscape, poised for sustained growth and market expansion. Driving Innovation, Redefining Possibilities: Micron's ( NASDAQ:MU ) innovative strides not only amplify AI performance but also address critical concerns such as power consumption, aligning with the industry's sustainability agenda. By enhancing memory bandwidth and capacity, Micron ( NASDAQ:MU ) empowers AI developers to unlock new frontiers of innovation, transcending conventional boundaries. As the International Energy Agency highlights the exponential growth of data centers, Micron's technological breakthroughs emerge as a catalyst, fueling the AI revolution and shaping the digital landscape of tomorrow.
NASDAQ:MULong
by DEXWireNews
Micron's Path to Recovery Signals a Bullish Trend for $MU Stock After weathering a challenging post-pandemic downturn in the memory-chip markets, Micron Technology Inc. (NASDAQ: NASDAQ:MU ) is emerging from the storm with promising indicators of recovery. The company's fiscal first-quarter earnings report reflects higher revenue, an improving gross margin, and rising average selling prices for DRAM and NAND chips. As global shipments of PCs are poised for growth in the coming year and demand for AI-computing capacity continues to rise, Micron anticipates a record year for the memory-chip industry in 2025. A Glimpse into Micron's Performance: Despite still facing financial losses, Micron's recent fiscal performance showcases encouraging signs. In the first quarter, the company reported a 16% year-over-year revenue growth, reaching $4.7 billion. This growth was primarily driven by robust sales of DRAM chips. Notably, DRAM bit shipments surged by over 20% from the previous quarter, accompanied by an upward trend in average selling prices. The NAND business experienced a mixed quarter, with bit shipments decreasing by a mid-teens percentage while average selling prices soared by about 20%. PC Market Resurgence: One key factor contributing to Micron's recovery is the anticipated return to growth in the global shipments of PCs in the upcoming year. With inventory levels across the PC supply chain stabilizing and returning to normal, Micron is well-positioned to benefit from increased demand for memory chips. As the world adapts to new work and learning paradigms, the demand for PCs is expected to rise, driving Micron's growth in the market. Smartphone Shipments and AI-Computing Demand: In addition to the positive outlook in the PC market, Micron stands to gain from potential growth in smartphone shipments. After a prolonged slump, the smartphone market is showing signs of revival, presenting Micron with additional avenues for revenue generation. Moreover, the relentless demand for artificial intelligence (AI)-computing capacity is expected to buoy the market for servers, further contributing to Micron's positive trajectory. Looking Ahead to 2025: While Micron acknowledges that 2024 will be a recovery year, the company is optimistic about the industry's prospects in 2025. Micron envisions 2025 as a record year for the memory-chip industry, suggesting sustained growth and profitability for the company. Investors eyeing the long-term potential of the semiconductor market may find Micron's forecast compelling, as the company positions itself for a robust future. Micron's recent performance, coupled with positive industry trends, paints a promising picture for NASDAQ:MU stock. As the memory-chip market rebounds and key sectors such as PCs, smartphones, and AI continue to drive demand, Micron appears poised for a strong recovery. While challenges persist, the light at the end of the tunnel shines brighter, making Micron an intriguing prospect for investors seeking growth and resilience in the dynamic semiconductor landscape. Technical Analysis Micron Technology is in a rising trend channel in the medium long term. investors over time have bought the stock at higher prices and indicates good development for the company. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 72.28.
NASDAQ:MULong
by DEXWireNews
MU Micron Technology Options Ahead of EarningsIf you haven't bought MU here: Then analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 75usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $3.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MULong
by TopgOptions
MU Micron Technology Options Ahead of EarningsIf you haven`t bought MU here: Or sold here: Then Analyzing the options chain of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 64usd strike price Puts with an expiration date of 2023-6-30, for a premium of approximately $1.54. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MUShort
by TopgOptions
Long Trade in MUMicron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64. The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher. This is the first breakout into a new Stage 2 uptrend which is exactly where I like to buy. Look to build a position in the mid $60s if possible. The trade sours if it closes below its 50-day moving average (red line on chart) which is currently around $62 and rising.
NASDAQ:MULong
by rossgivens
Micron Tops & BottomsAs the title indicates, here are the tops and bottoms for Micron on the Daily time frame. Micron kind of trades like a commodity, lots of chatter going around about the memory chip market bottoming. Micron earnings don't look great in the near term, however, they have solid fundamentals like cash flow, a dividend, and a big market share. I expect the recent double bottom to play out as the auto-pattern recognition thing indicates. I say this because I like $80 as a price target and I've even called the same price target last year and nearly pinned it to the dollar. Not saying i'm a chart genius maybe it's just Micron is not hard to read from a technical standpoint. It's strong fundamentals leave you with a stock that has a lot of potential and margin for loss is fairly low. I saw buy for the long term.
NASDAQ:MULong
by DontSlamTheDoor
1
"Cryptocurrency Turmoil: The Ups and Downs of Coinbase and Other"Cryptocurrency Turmoil: The Ups and Downs of Coinbase and Other Digital Asset Companies" Coinbase is a company that helps people buy and sell digital coins called cryptocurrencies. It became a public company in April 2021 and was worth a lot of money at the time. But lately, the value of cryptocurrencies has been changing a lot and it's made it hard for Coinbase to make as much money as it used to. Another company that helps people trade cryptocurrencies, called FTX, had to close down because it was having financial problems. This made people worried about investing in cryptocurrencies and caused the value to go up and down more than usual. Some people try to make money by betting that the value of a company's stock will go down, and they're called short sellers. They've been trying to make money by betting that Coinbase's stock will go down, and they've had some success because the stock has gone down a lot this year. Other companies that are related to cryptocurrencies have also seen their stock go down and have had more short sellers trying to make money off of them. There is a tool that helps people see how much demand there is for borrowing a company's stock to sell it, and it's called "utilization." Utilization for Coinbase has gone up recently because more people are trying to borrow its stock to sell it. Short sellers have to pay a fee to borrow the stock, and this fee has gone up a lot for Coinbase recently. There are also other companies, like MicroStrategy and Marathon Digital Holdings, that have seen their stock go down and have had more short sellers trying to make money off of them. The fees to borrow their stock have also gone up.
NASDAQ:COINShort
by maraxrara