Micron Technology, Inc. (MU)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

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Visitors trend2W10W9M

65.04

+2.72

(+4.36%)

At close: 04:00PM EDT

65.12

+0.08

(+0.12%)

After hours:

07:58PM EDT

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C
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
Wow, who knew 65 was in the cards for this week, after hitting 59 ???
M
This rally really had to catch a lot of investors and traders by surprise
S
Out of 60% position @ $65, probably back in / when / after some semblance of a pullback by late summer - mid October
S
Will go out on a limb and guess for a sub-64 close
S
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 . . .
O
Mosemann reiterated his buy rating on MU with $100 pt. Gotta hand it to him, he stands his ground, even during the earthquake
J
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.
J
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
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.
M
Where’s Philip?
d
The pick that was just sent out by (http://traderspot.club) is already up yuge! Check it out!
J
Don’t trust this stock!
L
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.
B
how much micron does Nancy own?
d
Chips act having reverse effect
M
Could we see $75 by next week?
H
I think I just heard on Bloomberg "....speaking with Micron CEO shortly..." FYI?
I
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.
S
ok so what is going on ?
across the board companies are not doing well and legislation, economy are additional headwinds.

why are tech stocks going up?

I am heavy in them but cautious as Sept Oct fire sales are on the horizon.