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Micron Technology Inc. Surges on Strong AI Demand Forecast

Micron Technology Inc., the leading US producer of computer memory chips, witnessed a remarkable surge in its stock value, marking its most significant gain in over a decade. This surge came in response to the company’s unexpectedly robust sales forecast, largely driven by the escalating demand for artificial intelligence (AI) hardware. Here’s a breakdown of Micron’s recent developments and its outlook:

Stellar Financial Forecast

In a statement released on Wednesday, Micron projected its fiscal third-quarter revenue to range between $6.4 billion and $6.8 billion, surpassing the average analyst estimate of $5.99 billion. Additionally, the company anticipates earnings of approximately 45 cents per share, excluding certain items, far exceeding analysts’ projections of 24 cents per share. This bullish outlook underscores Micron’s confidence in its growth trajectory amidst the evolving landscape of AI technology.

Emerging from Industry Slump

Micron Technology, alongside its competitors, navigated through one of the memory chip industry’s toughest downturns, primarily attributed to subdued demand for personal computers and smartphones. However, with the burgeoning market for AI hardware, chipmakers like Micron are poised to rebound, propelling the industry toward growth and profitability once again.

AI: A Game Changer

Sanjay Mehrotra, CEO of Micron Technology, emphasized the company’s strategic positioning to capitalize on the prolonged opportunity presented by AI. Mehrotra believes that Micron stands as one of the primary beneficiaries within the semiconductor industry, as AI continues to drive innovation and demand for advanced hardware solutions.

Micron Technology Jumps After AI Growth Helps Bolster Forecast

Innovating with High-Bandwidth Memory

Micron’s foray into high-bandwidth memory (HBM), particularly HBM3E, signals a significant step towards catering to the specialized requirements of AI-related systems. This type of memory, integral to AI accelerators such as those developed by Nvidia Corp., allows Micron to command higher prices due to its novelty and indispensability in the AI ecosystem.

Future Outlook and Expansion Plans

Looking ahead, Micron remains optimistic about the industry’s resurgence, with expectations of record sales levels by 2025. However, achieving these milestones hinges on meeting the demand for ultrafast memory, essential for AI-driven applications. Micron’s ongoing investments in new facilities across China, Japan, and India, coupled with potential expansions in the US, underscore its commitment to meeting the evolving needs of the market.

Government Support and Market Dynamics

While the US Department of Commerce announced substantial support for semiconductor giant Intel Corp., Micron remains focused on sustaining its growth momentum with ongoing investments. The company’s plans for expansion in the US are contingent upon receiving adequate support in the form of grants, tax credits, and incentives, reflecting the intricate interplay between government initiatives and private sector investments in the semiconductor industry.

In summary, Micron’s bullish outlook fueled by AI demand highlights its resilience and adaptability in an ever-changing market landscape. As the industry continues to evolve, Micron remains at the forefront, poised to capitalize on emerging opportunities and drive innovation in the realm of memory chip technology.

Curious to learn more? Explore our articles on Enterprise Wired

Micron Technology (AI) Stock To Robust At Least 45% In 2024

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Falling earnings did not force Samsung to cut capital expenditures.

Last Friday, Samsung Electronics admitted that its operating profit for the past quarter could have declined by 69% year-on-year, based on preliminary data. Worse things with profits in the fourth quarter were only in 2008, when the world's financial crisis was raging. At the same time, Samsung's counterparties note that so far the company has not shown any intention to reduce capital expenditures.

Many semiconductor manufacturers under similar conditions have cut costs. Micron Technology is poised to cut capital costs by 40%, SK hynix will more than halve them, and Japan's Kioxia plans to cut production volumes. Taiwanese contract manufacturer TSMC was also forced to cut capital expenditures by 10% last year, although until recently it has shown high resilience to negative economic developments… Detail: https://bitcoingrandee.com/posts/124 NEWS

Die Bank of America reduziert die Aussichten für Halbleiter deutlich. Und nach den eher schlechten Ergebnissen von Micron ging es die letzten zwei Tage für die Branche weiter bergab. 📉 Kurzfristig (bei Eintritt einer Rezession) wird der Sektor natürlich seine Probleme haben. Aber die niedrigen Kurse werden auch tolle Kaufchancen bieten.🤩 Langfristig sind Halbleiter immens wichtig.📈🚀 Ich investiere in die Branche und freue mich, Euch in diesem Bereich zukünftig Content zu bieten. Im Gegenzug wird es weniger Zitate geben, da diese einfach keinen großen Mehrwert bieten. Ich wünsche Euch ein schönes Wochenende! Wie steht ihr zur Halbleiterbranche? AMD oder Nvidia im Depot? ⚠️ Werbung, da Markennennung. Keine Anlageberatung. ⚠️ #semiconductor #halbleiter #nvidia #amd #microntechnology #cadence #synopsys #intel #bärenmarkt #bearmarket #cashisking #crash #depot #dividends #dividendstocks #fundamentals #goyourownway #nasdaq100 #investing101 #sp500 #performance #stockstrader #stocktrading #passiveincome #investmentstrategies #stockstowatch #buythedip #buyandhold #stockstowatch #watchlist #earnings https://www.instagram.com/p/Cff3Gu-DezS/?igshid=NGJjMDIxMWI=

El 71% de las ventas de Micron provienen de su negocio de ventas de memorias DRAM, un 27% de ventas de memorias NAND y el 2% restantes otros productos. Las acciones subieron más de un 16% luego de su último reporte de ganancias. #beststocks #MejoresAcciones #stocks #acciones #stockmarket #bolsadevalores #trading #Investing #investment #inversiones #microntechnology #mustock #thesmartinvestortool

La Chine et les Etats-Unis vont vers un "guerre des ressources" selon Ray Dalio

Les relations entre les États-Unis et la Chine pourraient prochaine empirer de façon décisive, a averti Ray Dalio, fondateur de Bridgewater, dans un article publié sur LinkedIn. "Nous sommes au bord d'une guerre économique des ressources", selon cet investisseur très connu aux Etats-Unis, jugeant que la Chine et les Etats-Unis ont dépassé "la capacité de se parler". Selon Ray Dalio, la Chine et les Etats-Unis sont proches d'une guerre de sanctions et/ou d'une guerre militaire. Ce conflit est d’autant plus probable selon lui car : "a) chaque partie est très proche des lignes rouges de l'autre, b) chaque partie utilise la stratégie de la corde raide pour pousser l'autre au risque de franchir ses lignes rouges, et c) la politique entraînera probablement une stratégie de la corde raide plus agressive au cours des 18 prochains mois". Or, il a indiqué que les 18 prochains mois seront particulièrement risqués compte tenu du débit de la saison électorale de 2024. "Le calendrier politique du cycle électoral entre aujourd'hui et les élections de 2024 aux États-Unis et à Taïwan conduira probablement à un comportement anti-chinois plus poussé de la part des États-Unis", a écrit Ray Dalio. Les sujets brûlants pouvant envenimer les relations sino-américaines, il évoque la question de Taïwan, les exercices militaires chinois, l’aide apportée par la Chine à la Russie, les sanctions économiques et le contrôle des ressources et des technologies essentielles. Ray Dalio a aussi pointé du doigt le comportement "dangereux des deux super-puissances" : "Contrôler les technologies et les minerais essentiels pour éviter d'en être privé, et être capable de couper les technologies et les minerais essentiels de l'adversaire, c'est ce qui se fait maintenant et c'est provocateur". Ray Dalio a aussi évoqué l’affaire MicronTechnology, qui pourrait selon lui marquer un tournant. L'entreprise américaine est accusée par la Chine d’espionnage économique. Pékin a imposé un examen des produits vendus par Micron pour prévenir les risques de cybersécurité. "Les États-Unis ont déjà demandé au gouvernement sud-coréen d'influencer ses deux principaux producteurs de puces (Samsung Electronics (KS:005930) et SK Hynix) pour qu'ils n'augmentent pas leurs ventes en Chine si Micron se voit interdire de vendre ses puces en Chine" a souligné l'investisseur américain. Ce dernier a estimé que "l'attitude de la Corée du Sud dans cette affaire et dans d'autres définira ses relations avec les États-Unis et la Chine", et soulignait que "cette dynamique modifie rapidement les alliances". L'évolution des relations de l'Arabie saoudite avec les États-Unis, la Chine et la Russie est une autre raison. Dans un environnement où un pays veut traiter avec des "amis", "le commerce et les investissements se tournent davantage vers des alliés que vers des sources rentables. Surveillez la demande de matériaux clés qui peuvent être pressés, comme le lithium, le cobalt, les terres rares, (…), etc", a écrit Ray Dalio. Enfin, l’investisseur a appelé à définir de manière préventive des règles pour encadrer un possible conflit armé entre la Chine et les USA : "S'il y a une guerre militaire, il serait bon d'avoir des accords tels que 1) aucun militaire ne tuera directement les militaires de l'autre camp, 2) aucun combat n'aura lieu sur les terres de l'autre camp, et 3) aucun camp n'utilisera d'armes nucléaires, cybernétiques et spatiales, etc". Read the full article

Micron warns of tough times, plans to cut investments by 30%

Micron warns of tough times, plans to cut investments by 30%

) Please try another search ) Economy 4 hours ago (September 29, 2022 7:02 PM ET) © Reuters. FILE PHOTO: A picture of the logo of US memory chip maker MicronTechnology at its booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kay Waffenbach/File Photo by Chavi Mehta and Jane Lanhee Lee (Reuters) – Micron Technology, the first major chip maker to sound the alarm about…

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Micron Technology 2021 Hiring Freshers 

Micron Technology 2021 Hiring Freshers as Trainee Engineer at Hyderabad 

Company Full Name: Micron Technology 

Job Title: Trainee Engineer 

Pass-out Year: 2021 

Location: Hyderabad 

Experience: Freshers

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Micron Technology ended the quarter with a loss and announced a 10% reduction in staff.

Many memory manufacturers have entered a difficult period for themselves, and only Micron Technology has the opportunity to speak on this topic right now, as it has just published a quarterly report for the first fiscal quarter. Revenue fell by 47%, net losses reached $195 million, capital expenditures will have to be cut, and staff will be reduced by 10%. Micron does not count on a quick improvement in the situation.

On the first of December, the first fiscal quarter of 2023 ended in the Micron Technology calendar. Three months ago, the company had about 48,000 employees, now they will have to reduce their number by about 10%. Management salaries will be reduced by 5 to 20%, and bonuses will cease to be paid. Last month, the company announced plans to reduce the number of silicon wafers it processes every month by 20%. In this mode, Micron enterprises will continue to operate indefinitely until the situation with the demand for memory begins to recover. At the end of fiscal year 2023, Micron's fixed costs will increase by $460 million due to low plant utilization… Detail: https://bitcoingrandee.com/posts/67 NEWS

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Is Micron Technology a Value Trap?

Micron Technology (NASDAQ: MU) fell 11% after issuing disappointing guidance for the current quarter. Investors are now wondering whether it is not as cheap as it appears. #semiconductors #stocks $MU Read the full article

Indian origin CEOs are making news for all the right reasons. Here is a list of 15 Indian origin CEOs of major companies.

 Over the past few decades, major global companies have Indian origin CEOS at the helm.

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