NEW YORK, Jan. 12, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Micron Technology, Inc. (“Micron” or “the Company”) (NASDAQ: MU) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Micron ...

Artificial intelligence (AI) promises to bring significant advances to the global economy, which could result in higher worker productivity, faster product development, and more efficient supply chains. The lure of these benefits is creating tremendous demand for leading semiconductor companies that provide cutting-edge processors to enable AI.Despite sizable gains for top chip stocks in 2024, here are two that still trade at reasonable valuations that could support attractive returns in 2025, and potential ...

Financial Performance and Market Reaction - Micron announced disappointing financial results for Q1 FY2025, reporting a greater-than-expected revenue decline in NAND flash memory [1] - The company issued disappointing guidance for Q2 FY2025, leading to a $16.18 per share drop in stock price to $87.09 on December 19, 2024 [1] - Multiple analysts lowered their price targets for Micron stock following the announcement [1] Class Action Allegations - A class action lawsuit was filed on behalf of shareholders who purchased Micron securities between September 28, 2023, and December 18, 2024 [3] - The complaint alleges that Micron failed to disclose decreased demand for its products, particularly in consumer markets and for NAND products [4] - Defendants are accused of overstating the recovery and sustainability of demand for Micron's products, as well as the normalization of inventory [4] Company Overview - Micron designs, develops, manufactures, and sells memory and storage products, including DRAM, NAND, NOR, and high-bandwidth memory semiconductor devices [3] Shareholder Participation - Shareholders may be eligible to participate in the class action against Micron, with a deadline of March 10, 2025, to submit applications for lead plaintiff [2] - Shareholders can remain absent class members and still be eligible for recovery without participating in the case [2]

NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Florida on behalf of all persons or entities who purchased or otherwise acquired Micron Technology, Inc. (“Micron Technology” or the “Company”) (NASDAQ: MU) securities between September 28, 2023 and December 18, 2024, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or mislead ...

Shares of Micron (MU -2.45%) were among the winners this week after the memory-chip specialist benefited from general excitement about the chip sector and artificial intelligence (AI) with the start of CES earlier this week. The company also got a specific mention from AI leader Nvidia (NVDA -0.02%), which is using some Micron components in its new products.According to data from S&P Global Market Intelligence, the stock was up 10.6% for the week through Wednesday's close. The market is closed today in reme ...

Market Overview - Strong corporate earnings, potential tax cuts, and AI excitement are driving the stock market rally, with the S&P 500 up 26% and the Nasdaq Composite up 34% over the last year [1] - Tech giants like Nvidia, Apple, and Microsoft are pushing major indexes to new highs, but other high-quality companies trading at discounts should not be overlooked [1] Micron Technology (MU) - Micron is a leading provider of storage and memory technologies, including AI-related memory chips, with high-bandwidth memory (HBM) as a key growth driver [3] - The company beat expectations in its December earnings report, posting EPS of $1.79 on $8.71 billion revenue, with AI-related data center segment revenue up 400% [4] - Micron's guidance for the current quarter fell short of Wall Street expectations, with EPS of $1.43 on $7.9 billion revenue, compared to forecasts of $1.91 EPS on $8.98 billion revenue [5] - Management cited softness in consumer memory categories and inventory adjustments as reasons for the underwhelming guidance, but the company's growth story remains intact [6] - AI memory solutions are becoming the key element in Micron's stock story, with the HBM market expected to grow from $16 billion in 2024 to $100 billion in 2030 [7][9] - Micron plans to launch its HBM4 memory chip in 2026 and HBM4E in 2027 or 2028, which are expected to be incorporated into next-gen GPUs from Nvidia and AMD [8] ON Semiconductor (ON) - ON Semiconductor stock is down 19% over the last year and 43.4% from its all-time high, primarily due to struggles in its key end markets of automotive (especially EVs) and industrial [10] - The industrial manufacturing sector has been slowing since 2022, and high interest rates have made car loans more expensive, impacting ON Semiconductor's power technology chips used in EVs and sensing technologies used in ADAS and industrial automation [11] - Despite near-term challenges, the company's end markets remain attractive and aligned with long-term megatrends such as EVs, ADAS, and smart connected technology in the industrial world [12] - Wall Street analysts expect 2024 to be a trough year for ON Semiconductor's earnings, with recovery in 2025, and the stock is trading at less than 16 times expected 2024 earnings, representing a good value for a bottom-of-the-cycle earnings growth stock [13]

Company Overview - Micron Technology Inc is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life [7] - The company delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through its Micron® and Crucial® brands [7] - Micron's innovations fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications [7] New HBM Advanced Packaging Facility - Micron broke ground on a new High-Bandwidth Memory (HBM) advanced packaging facility in Singapore, the first of its kind in the country [1][2] - The facility is scheduled to begin operations in 2026, with meaningful expansion of Micron's total advanced packaging capacity starting in 2027 [2] - The investment of approximately US$7 billion (SG$9.5 billion) through the end of the decade and beyond will initially create around 1,400 jobs, with plans to reach an estimated 3,000 jobs in the future [3] - The new roles will include functions such as packaging development, assembly and test operations [3] Strategic Importance - The new facility strengthens Micron's position to address expanding AI opportunities as AI adoption proliferates across industries [3] - It reflects Micron's confidence in Singapore's competitiveness as a critical node in the global semiconductor supply chain [4] - The facility will contribute to global AI growth and expand Singapore's partnership with Micron, further strengthening the semiconductor ecosystem in Singapore [4] Sustainability and Innovation - The new HBM advanced packaging facility will be built in alignment with Micron's sustainability commitments, featuring technologies such as greenhouse gas abatement, water recycling and waste circularity [6] - The facility will be highly automated through AI-based intelligent solutions and designed to meet the Leadership in Energy and Environmental Design (LEED) certification requirements [6] - Micron's current facility in Singapore is the first front-end semiconductor fab in the world to be recognized as the Advanced Fourth Industrial Revolution Lighthouse and Sustainability Lighthouse by the World Economic Forum [6] Future Plans - Micron will maintain flexibility in managing the pace of capacity ramps in both the HBM and NAND facilities to align with market demand [5] - Future expansion plans in Singapore will also support long-term manufacturing requirements for NAND [4]

Shares of Micron (MU 2.67%) were sliding last month after the memory-chip maker offered disappointing guidance in its fiscal first-quarter earnings report.The sell-off following the report wiped out some solid gains, as the stock rose earlier in the month after the Commerce Department finalized a $6.17 billion subsidy related to the CHIPS Act for the company to build new manufacturing plants in New York and Idaho.According to data from S&P Global Market Intelligence, the stock finished the month down 14%. A ...

Micron (MU 6.29%) stock is making gains in Tuesday's trading. The memory technologies company's share price was up 6.1% as of 11:15 a.m. ET, despite the S&P 500 (^GSPC -0.49%) being down 0.4% and the Nasdaq Composite (^IXIC -1.14%) down 1.2%.Micron is climbing today after Nvidia (NVDA -4.64%) CEO Jensen Huang mentioned the company as a components supplier during his keynote speech at the kickoff of CES last night in Las Vegas. Huang said that Micron's chips would be included as part of his company's upcomin ...

Micron Technology Inc. MU is making waves at CES 2025, with shares jumping 3.7% in early trading after Nvidia Corp NVDA CEO Jensen Huang gave the company a major shoutout.Nvidia's Blackwell Chips: A Boost For MicronHuang confirmed Micron's high-bandwidth memory (HBM) chips power Nvidia's latest Blackwell architecture, calling them a game-changer for AI and graphics workloads."We're using Micron's G7 memory at 1.8 terabytes per second — double the performance of the previous generation," Huang noted while un ...