AVGO Dec 2024 1110.000 put
| Previous Close | 7.65 |
| Open | 7.65 |
| Bid | 5.00 |
| Ask | 9.90 |
| Strike | 1,110.00 |
| Expire Date | 2024-12-20 |
| Day's Range | 7.65 - 7.65 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 261 |
- Yahoo Finance Video
Micron is in a 'cyclical upswing': Analyst
Micron Technology (MU) posted fourth-quarter results that surpassed Wall Street expectations on both revenue and earnings. The semiconductor giant also raised its guidance for the next quarter, sparking a widespread rally in global chip markets. Morningstar Equity Analyst of Technology William Kerwin joins Morning Brief to discuss his outlook on Micron following the beat-and-raise. Kerwin acknowledges that the results "were nothing short of impressive," but notes that this doesn't alter his long-term view on the company. He emphasizes that Micron is currently riding "a cyclical upswing" in memory demand, which he expects to continue through 2025. However, he cautions that this dynamic will eventually decelerate, suggesting that the current rally "is a correction from too much pessimism" from investors, even as the fundamentals remain robust. "As much as we liked the print, [and] we like the next four quarters for Micron, we still see long-term cyclicality in the future," Kerwin states. He believes this cyclical nature will ultimately weigh on the share price, leading him to maintain a target of $110, despite the stock hitting that milestone on the heels of this earnings report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Micron's Q4 beat sparks global chip rally
Micron Technology (MU) has reported fourth-quarter earnings that beat expectations on both revenue and profit fronts, primarily driven by sustained demand for AI-related memory products. The earnings beat has propelled Micron's shares higher and sparked a broader rally in the global semiconductor market. Morning Brief co-hosts Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Investor's Business DailyDow Jones Futures Await Fed Inflation Data After This Bullish Signal; China Stocks Keep Running
Key Fed inflation data is on tap with the market rally in a full power trend. China stocks keep running on fresh stimulus.
