Micron Technology Inc. (NASDAQ:MU) has experienced numerous developments recently. Notably,
Crestline Management LP has reduced its stock holdings in the company, while
Sanders Capital LLC and
Steward Partners Investment Advisory LLC have increased theirs. The company has received an increased price target of $155 at
Mizuho, while one Wall Street analyst anticipates the stock has potential upside of 37%. Rather intriguingly, Micron's CEO has sold $924,980.00 in stock, and the State of North Carolina treasurer also reduced its position. Meanwhile, Micron is set to report its fiscal third quarter results on June 26, 2024. The company's stock price experienced some volatility as well, sliding and jumping alternately. It's also seen as a strong contender in the
AI chips stock market space.
Earnings growth and
price strength make Micron a stock to watch. The company started mass producing a memory chip for Nvidia AI GPUs. Its stock hit record highs after earnings with several analysts raising forecasts post Q2 results. Finally, some believe Micron, with its impact in the future of data centers and AI, could potentially become a trillion-dollar stock by 2030.
Micron Technology MU News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Sun, 02 Jun 2024 23:35:37 GMT -
Rating 1
- Innovation -1
- Information 7
- Rumor -2
