Micron Technology Inc. (NASDAQ: MU) saw its stock surge nearly 4% in premarket trading on January 7, following Nvidia (NASDAQ: NVDA) CEO Jensen Huang’s highly anticipated keynote at CES 2025.Huang named Micron as a key supplier of memory chips for Nvidia’s newly unveiled GeForce RTX 50 Blackwell gaming GPUs, igniting investor enthusiasm around Micron’s growing role in the rapidly growing AI and gaming hardware markets.Micron’s five-day stock price. Source: Google FinanceAfter experiencing a downtrend starti ...

The newest P510 SSD offers fast Gen5 NVMe performance to enable smoother, more immersive gaming and application experiences Crucial P510 SSD Micron's newly launched Crucial P510 SSD features read and write speeds of up to 11,000/9,550 megabytes per second, bringing blazing fast Gen5 performance to the masses. LAS VEGAS, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Consumer Electronics Show — Micron Technology, Inc. (Nasdaq: MU), today announced expansions across its Crucial consumer memory and storage portfolio, i ...

Industry and Market Trends - Micron Technology (MU) shares led a broad chip rally amid optimism that robust AI demand will continue to drive sector growth this year [2] - Foxconn posted record fourth-quarter revenue driven by booming demand for AI servers, while Microsoft announced plans to invest $80 billion in data centers in fiscal 2025 to power AI technology [2] Company Performance and Positioning - Micron, a memory chip manufacturer, is well positioned to benefit from surging AI infrastructure demand as its silicon is used in the latest AI processors from chipmaking giants like Nvidia and Advanced Micro Devices [3] - Micron shares jumped 10.5% on Monday to close at $99.26, gaining 18% in just three trading sessions this year, outpacing the iShares Semiconductor ETF's (SOXX) 6% return over the same period [3] Technical Analysis and Price Levels - Micron shares have remained rangebound since bottoming out in early August, establishing identifiable support and resistance levels [5] - The stock gapped lower in mid-December but found buying interest near the August and September swing lows, with Monday's rally occurring on the highest trading volume since mid-December, indicating buying conviction [5] - Key overhead areas to watch include the $110 level, near the 200-day moving average and a trendline linking peaks and troughs from March to December, and the $130 level near the April peak [7] - Important support levels to monitor include the $97 level, just 2% below Monday's closing price, and the $85 level near last month's low, aligning with the August and September troughs [8][9] Market Focus and Investor Sentiment - Micron shares could remain in focus on Tuesday after leading a broad chip rally to start the week, with investors watching key overhead areas around $110 and $130, and support levels near $97 and $85 [10]

Why is Nvidia giving Micron stock a huge boost?Micron Technology (MU 12.13%) stock is surging in Monday's trading. The storage solutions company's share price was up 11.7% as of 1 p.m. EST amid the backdrop of a 1% gain for the S&P 500 index and a 1.5% rally for the Nasdaq Composite index.Micron stock is gaining ground today thanks to Nvidia-related news. Investors got a new indicator that demand for the artificial intelligence (AI) leader's hardware remains very strong, and there's also excitement that the ...

Micron Technology, Inc. (MU) faced a challenging close to 2024, with shares plunging 14.1% in December 2024 alone. The recent sell-off stems from its second-quarter fiscal 2025 guidance falling short of Wall Street expectations.Image Source: Zacks Investment ResearchMicron projected revenues of $7.9 billion (+/- $200 million) and EPS of $1.23 (+/- 10 cents), both significantly below analyst estimates of $8.96 billion and $1.95, respectively. This guidance disappointed investors, overshadowing the company’s ...

Training and running advanced artificial intelligence (AI) models requires powerful accelerators, and those accelerators, in turn, require ultra-fast memory chips capable of moving data quickly. While PCs, servers, and smartphones can make do with standard memory chips, AI accelerators generally use high-bandwidth memory (HBM).As such, HBM is in high demand, and memory chip manufacturers like Micron (MU 2.91%) have been shifting some of their production capacity to take advantage. While this shift was expec ...

Business Performance and Market Trends - Micron Technology has underperformed the broader market since the last coverage [1] - The analysis focuses on Micron's Q3-FY24 business performance and its investments in DRAM and NAND technologies [1] Analyst Background and Investment Approach - The analysis is provided by Yiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform [1] - Yiannis Zourmpanos has a background in external/internal auditing and consulting, with experience at Deloitte and KPMG [1] - The investment style focuses on GARP/Value stocks, prioritizing high-quality, reasonably priced businesses with strong moats and growth potential [1] - The approach emphasizes fundamentals, a margin of safety, and a long-term investment horizon of 5-7 years [1] Disclosure and Independence - The analyst has no stock, option, or derivative positions in the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article expresses the analyst's own opinions and is not influenced by compensation or business relationships with the mentioned companies [2]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Micron stock is in free-fall after reporting earnings in mid-December.On Dec. 18, semiconductor company Micron Technology (MU 3.77%) reported earnings for its first quarter of fiscal 2025 (ended Nov. 28) -- and by all accounts, the report looked rock solid.Micron's top line soared 85% year over year, driven in large part by a blossoming data center business that's no doubt benefiting from the artificial intelligence (AI) revolution. More importantly, the company's profit margins are widening in tandem with ...

BOISE, Idaho, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced it is appointing Mike Cordano as the company’s executive vice president of worldwide sales, effective immediately. Cordano will succeed Mike Bokan, who announced a few months ago his intention to retire from Micron in fiscal 2025 after more than twenty-eight years with the company. Bokan will support Cordano over the next several months to ensure a seamless transition. Cordano will report directly to Sanjay ...