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The surge in artificial intelligence (AI) applications has had a major impact on Nvidia (NASDAQ: NVDA), pulling the chipmaker out of the rut it was in and helping it deliver terrific guidance for the current quarter that points toward outstanding year-over-year growth in its revenue and earnings. More specifically, for its fiscal 2024 second quarter (which began on May 1), Nvidia forecasts a 64% year-over-year increase in revenue to $11 billion at the midpoint of its guidance range. Analysts are expecting the company's earnings to jump to $2.05 per share from $0.51 per share in the prior-year period, which isn't surprising given the immense pricing power that Nvidia enjoys in AI chips.
Micron (MU) makes volume production available for its high-speed 96GB DDR5 registered dual in-line memory modules for AI and in-memory database workloads.
The project will help Micron reach its net zero objective and target to source 100% renewable energy in the U.S. by the end of 2025BOISE, Idaho, June 08, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc., today announced it signed a 15-year virtual power purchase agreement for its U.S. operations with Terra-Gen, a leading developer of renewable energy that operates over 2.2 gigawatt-hours of wind, solar and energy storage throughout the United States. Through the agreement, Micron will receive ap
Generative AI has taken the tech world by storm, led by the viral success of services like ChatGPT. Semiconductor stocks in particular have been a top beneficiary, as these new AI systems need lots of expensive, cutting-edge chips to work. Let's not leave Pure Storage (NYSE: PSTG) out of the conversation.
Micron (MU) closed the most recent trading day at $67.06, moving -0.71% from the previous trading session.
Some chip stocks are lagging behind their peers this year, but that might not be the case for much longer.
Micron’s 96GB high-capacity DDR5 RDIMM memory tames the most demanding data center workloadsBOISE, Idaho, June 07, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (Nasdaq: MU) today announced volume production availability of high-capacity 96GB DDR5 RDIMMs in speeds up to 4800MT/s, which have double the bandwidth compared to DDR4 memory.1 By unlocking the next level of monolithic technology, the integration of Micron’s high-density memory solutions empowers artificial intelligence (AI) and in-
(Bloomberg) -- Two key Republican lawmakers are pressing the Biden administration to counter Beijing’s ban of US chipmaker Micron Technology Inc. by sanctioning a Chinese semiconductor company and ensuring that Japanese and South Korean firms don’t take advantage of the blockade.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Bur
The Republican chairmen of two House of Representatives panels on Friday urged President Joe Biden's administration to rally U.S. allies including Japan and South Korea to defeat Chinese "economic aggression" in the wake of Beijing's effective ban on purchases of Micron Technology memory chips. Michael McCaul, who heads the House Foreign Affairs Committee, and Mike Gallagher, chairman of the House select committee on the Chinese Communist Party, sent a letter to U.S. Commerce Secretary Gina Raimondo urging the administration to take action after China targeted the biggest U.S. memory chip maker.
Nova and Micron Technology have been highlighted as Zacks Bull and Bear of the Day.
The "megalodon of memory" is vital to the AI revolution in mobile, autos, robotics, & medicine
In the latest trading session, Micron (MU) closed at $69.09, marking a +1.3% move from the previous day.
BOISE, Idaho, June 01, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 28, 2023, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron’s Investor Relations website for approximately one year after the call. About Micron Technology, Inc.We are an industry leader in innovative memory a
Zacks.com users have recently been watching Micron (MU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Accessible, affordable, reliable and high-quality childcare options essential to attracting and retaining Micron’s talent Idaho Community Investment Framework formalizes shared commitments to building America’s semiconductor workforce of the future in Idaho BOISE, Idaho, May 31, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ: MU), one of the world’s largest semiconductor companies and the only U.S.-based manufacturer of memory, will break ground at the future site of its Childcare Cent
The Crucial® T700 Gen5 SSD leverages Micron® 232-layer NAND to maximize performance and dependability, while Crucial Pro DRAM harnesses Intel® XMP and AMD EXPO® support and heat spreaders for great performance right out of the boxBOISE, Idaho, May 30, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced the Crucial® Pro Series which features memory and storage products designed for gamers, content creators, workstation professionals or anyone needing the benefits of a r
(Bloomberg) -- South Korea will avoid capitalizing on China’s ban on a US chipmaker, seeing the move by Beijing as an attempt to drive a wedge between Seoul and Washington, according to a person familiar with the situation. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersRich Latin Americans Transform Laid-Back Madrid Into a New MiamiDebt-Limit De
The United States "won't tolerate" China's effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such "economic coercion," U.S. Commerce Secretary Gina Raimondo said on Saturday. Raimondo told a news conference after a meeting of trade ministers in the U.S.-led Indo-Pacific Economic Framework talks that the U.S. "firmly opposes" China's actions against Micron.
Micron Technology has some decent exposure to China, but, luckily for investors, the situation might not be as dire as it seems.
(Bloomberg) -- China’s decision to bar Micron Technology Inc.’s memory chips has escalated tensions with the US, fueling worries over what other technology firms Beijing may target. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valley Pipeline Deal Into Debt BillPoli
Make no mistake, Nvidia has captured the imagination of Wall Street.
Yahoo Finance Live's Akiko Fujita and Seana Smith discuss Nvidia stock soaring amid the company's earnings report, other chip stocks, and AI development.
It has been a tough year for Micron (NASDAQ: MU). In the second quarter of fiscal 2023, which ended on March 2, Micron generated 74% of its revenue from DRAM chips and 24% of its revenue from NAND chips. Its sales of both types of chips have tumbled by double digits year over year over the past three quarters, while its adjusted gross margins turned negative in the second quarter.
Chinese chip maker Changxin Memory Technologies Inc (CXMT) has appointed investment banks CICC and China Securities as sponsors for its planned domestic initial public offering (IPO), two people with knowledge of the matter said. CXMT, owned by state-backed parent Innotron Memory Co, is China's leading maker of DRAM memory chips. Bloomberg reported in April that CXMT's IPO would target a valuation of more than $14.5 billion.