Previous Close | 93.25 |
Open | 96.81 |
Bid | 94.66 x 1200 |
Ask | 94.80 x 900 |
Day's Range | 93.69 - 97.07 |
52 Week Range | 56.01 - 101.85 |
Volume | |
Avg. Volume | 16,042,821 |
Market Cap | 103.525B |
Beta (5Y Monthly) | 1.24 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -6.28 |
Earnings Date | Mar 20, 2024 |
Forward Dividend & Yield | 0.46 (0.49%) |
Ex-Dividend Date | Dec 29, 2023 |
1y Target Est | 94.42 |
Shares of Taiwan Semiconductor (TSM) and Micron Technology (MU) are trading higher as financial firms upgraded the stocks on continued interest in AI. Bank of America has lifted the price target of Taiwan Semiconductor from $760 to $880 per share and maintained a Buy rating, citing increased demand for advanced materials produced by the company. Morgan Stanley has lifted the price target of Micron to $78 per share, pointing to demand in the high bandwidth memory space that is priced into shares. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for these companies. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Micron Technology's (MU) Q2 performance is likely to have benefited from the strong demand for memory chips used for GPU-enabled AI servers, along with an improving supply-demand environment and higher prices for DRAM and NAND.
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