Micron Technology Stock News

Micron is benefiting from a cyclical upswing in the tech sector that's driving soaring demand for memory chips. Fiverr's business continued to grow even after its pandemic-generated boost ended.

Micron is set to benefit from accelerating spending on AI products, including high-bandwidth memory solutions. An escalating shipment ramp of HBM3E memory solutions could yield a strong margin picture for Micron at the end of the month. The EPS revision trend for Micron is highly favorable ahead of the Q4'24 earnings report date on September 25, 2024.

Micron Technology's stock dropped Thursday, as investors grappled with a looming bearish technical signal and an analyst's lowered earnings view.

Raymond James and Exane BNP Paribas both lowered their price targets for Micron stock today. Raymond James still thinks the stock is a buy, but it's lowering its forecast due to weaker-than-expected growth trends.

BNP Paribas analyst Karl Ackerman downgraded shares on Micron to Underperform from Outperform.

Micron Technology Inc  (NASDAQ:MU ) stock is 3.5% lower before the open, after a double downgrade at Exane BNP Paribas.

Micron Technology is scheduled to announce quarterly results on Sept. 25.

A slightly weaker-than-expected jobs report fed recession fears again. Last night's earnings "disappointment" from Broadcom is affecting all of its tech peers.