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Micron Technology, Inc. (MU)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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64.70-0.34 (-0.52%)
At close: 04:00PM EDT
64.70 0.00 (0.00%)
After hours: 07:59PM EDT
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  • S
    Seth
    Wow, who knew 65 was in the cards for this week, after hitting 59 ???
  • C
    Cavalier2015
    In the past chip down cycles micron has bottomed at or slightly below BV which is currently around 45$. Don’t see that happening in this cycle unless stock market has a significant pullback .
  • S
    Seth
    Out of 60% position @ $65, probably back in / when / after some semblance of a pullback by late summer - mid October
  • M
    Mike
    This rally really had to catch a lot of investors and traders by surprise
  • S
    SamIAm
    Just how long will this be in the penalty box? Incredibly low PE. CEO has been extremely negative however.
  • O
    Ollie
    Mosemann reiterated his buy rating on MU with $100 pt. Gotta hand it to him, he stands his ground, even during the earthquake
  • S
    Seth
    Well, two sides makes for a trade . . and I am (thus far) on the wrong side! Holding 420 SPY September puts, and rolling up on 62, 63 (short) MU calls expiring today, will possibly have them called away @ $64 today, short $65's still for today and next Friday, have a good weekend, GLTA . . .
  • J
    Jazenevc
    Also, new US tax increase will affect corporate buybacks. Public traded US companies will have to pay 1% excise tax on buyback amounts. This is not a high number to stop the companies from doing buybacks, but it could make more difficult for buyback supporters to argue for them in eternal dispute what is better: dividends or buybacks?
  • J
    Jazenevc
    Bunch of analyst reactions to news yesterday.
    Maintained as Buy at Mizuho. Price target reduced from $84 to $75.
    Maintained as Buy at Citigroup. Price target reduced from $80 to $75.
    Maintained as Buy at Deutsche Bank. Price target reduced from $70 to $68.
    Maintained as Buy at UBS. Price target reduced from $90 to $80.
  • I
    Ismail
    Something is not right. We frequently hear the semiconductor shortages as well as chip memory. A law has been passed to protect the industry and give it a boost. Micron announced a 40 billion investment. All metrics indicate that this stock is severely undervalued. Yet all articles in Yahoo, especially Motley Fool (MF). This MF went to the extent to warn us not to buy Micron because of an imminent real estate crash in China. Real estate???????? Did these people go out of their minds?
    Bullish
  • J
    Jazenevc
    FYI. One thing goes almost unnoticed by sites, touting themselves as “financial news”. 15% corporate minimum tax, in process of being voted in by US Congress, will affect many big US tech companies, currently generating most profits in foreign locations. As of now, these companies pay very little or none US taxes.The new law will ask them to pay 15% on all profit, disregarding where it was made.
  • R
    Roisum
    Wow! I just found a site that gives the top stocks to trade every single day for free! (http://traderspot.club)
  • S
    Seth
    Will go out on a limb and guess for a sub-64 close
  • B
    Brent
    how much micron does Nancy own?
  • A
    Al
    Beautiful
  • M
    Mike
    Where’s Philip?
  • L
    Lou
    I the last week buyers bought and put in stop losses. mm's and hedges pick when to sell, and stop losses become new short positions, with your money.
  • d
    d
    Chips act having reverse effect
  • I
    Ismail
    August 9, 2022 at 5:01 AM EDT
    Micron Announces $40 Billion Investment in Leading-Edge Memory Manufacturing in the US
    Largest ever investment in U.S. memory manufacturing will create an estimated 40,000 American jobs, strengthen national security and bolster supply chain resilience
    BOISE, Idaho, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ: MU), one of the world’s largest semiconductor companies and the only U.S.-based manufacturer of memory, today announced its plans to invest $40 billion through the end of the decade to build leading-edge memory manufacturing in multiple phases in the U.S. With the anticipated grants and credits made possible by the CHIPS and Science Act, this investment will enable the world’s most advanced memory manufacturing in America. Micron expects to begin production in the second half of the decade, ramping overall supply in line with industry demand trends.

    Micron’s planned investment, the largest in memory manufacturing in U.S. history, will ultimately create up to 40,000 new American jobs including approximately 5,000 highly paid technical and operational roles at Micron. The Micron investment will also enrich surrounding communities by bolstering education, workforce training, transportation and several other services. Micron is finalizing its specific U.S. expansion plans and will share additional details in the coming weeks.

    Micron’s domestic leading-edge manufacturing capabilities will ensure U.S. national security and supply chain resilience as demand for memory grows in critical market segments like automotive and data center, fueled by accelerating adoption of artificial intelligence and 5G. The announcement, made ahead of Micron executives joining President Joe Biden at the White House for the signing of the momentous CHIPS and Science Act, aligns with the company’s financial plans and is a key element of Micron’s $150+ billion global investment in manufacturing and R&D over the next decade.
  • H
    Highlowsel
    I think I just heard on Bloomberg "....speaking with Micron CEO shortly..." FYI?
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