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Micron Technology, Inc. (MU) is Attracting Investor Attention: Here is What You Should Know
Micron (MU) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month,
Shares of Micron Technology Inc. advanced 5.96% to $219.02 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.79% to 6,791.69 and the Dow Jones Industrial Average rising 1.
Micron announces sampling of its new 192GB SOCAMM2 memory modules: 50% more capacity in the same footprint, made for AI servers of the future.
Compared to its first-generation LPDRAM SOCAMM product, the new 192GB SOCAMM2 module delivers 50% more capacity in the same small footprint to reduce time to first token (TTFT) by more than 80% in real-time inference workloads,
Syracuse, N.Y. – Micron Technology and Onondaga County are moving forward with a deal that will save the company $2 billion in local and state taxes on a giant semiconductor plant planned for the Syracuse suburb of Clay.
GB SOCAMM2, built with LPDDR5X, extends Micron’s leadership in power-efficient solutions for AI infrastructure, delivering 50% more capacity
The memory-chip maker’s DRAM chips are expected to be the next target for long-term AI-infrastructure contracts, Citi says, and higher prices should help the company’s margins and stock.
In the trailing six months, MU stock has witnessed 203% lift, which on one hand has naturally delighted stakeholders. At the same time, the temptation to secure some profits is also elevated. For fundamental context, MU currently trades at 5.53 times trailing-year revenue. At the end of May, this metric sat at 3.4 times sales.
Micron Technology, Inc. (Nasdaq: MU) today announced customer sampling of 192GB SOCAMM2 (small outline compression attached - Read more from Inside HPC & AI News.
Together, these trends pushed up Micron's revenue by 46% year over year in the fourth quarter to $11.3 billion. Non-GAAP gross margin expanded by more than 9 percentage points to 45.7%, and adjusted earnings per share more than doubled.
Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer recently answered questions about. A caller asked Cramer’s thoughts on the stock, and he replied: “I like Micron, but it’s just had a parabolic move,