Tag: Micron

Micron Technology Just Announced an Important Technological Breakthrough

After the market closed on Monday, Nov. 9, memory chipmaker Micron Technology (NASDAQ:MU) made an announcement that slipped under most investors’ radar. Given the unfolding political drama, positive vaccine news, and massive rotation from growth stocks to value stocks, it’s unsurprising that Micron’s recent press release and presentation were overlooked.

Yet in the words of President-elect Biden, Micron’s announcement could very well be a “big f—ing deal” — at least in the storage industry.

A NAND-based flash drive.

Image source: Getty Images.

176-layer NAND flash

In the press release, Micron announced that it had begun volume shipments of the world’s first 176-layer NAND flash

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Micron Technology Steps Up Its 5G Game

The arrival of 5G (fifth-generation) wireless networks is going to be a huge catalyst for Micron Technology‘s (NASDAQ:MU) mobile business, as the memory capacities of smartphones running on the next-generation network are expected to increase substantially.

The memory specialist sees a sharp increase in mobile dynamic random access memory (DRAM) and NAND flash storage across different smartphone tiers thanks to the huge data volumes generated by 5G networks and evolving technology. Entry-level smartphones are already rocking 48-megapixel cameras nowadays — which demand more storage — while DRAM usage has shot up thanks to resource-intensive applications like games.

Micron Technology

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One More Reason to Buy Micron Technology Stock

Micron Technology (NASDAQ:MU) investors are likely worried after the company announced that its business will take a hit on account of lower information technology (IT) infrastructure spending and restricted shipments to Huawei.

Management’s guidance for the current quarter was muted, sowing seeds of uncertainty about the direction the memory market might take in the coming months. But the memory specialist is sitting on lucrative tailwinds such as the growth of 5G wireless networks that could help the company regain its mojo. And now, Micron investors can count on another potential boost in the form of a rebounding PC (personal computer)

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Where Will Micron Technology Be in 1 Year?

Micron Technology (NASDAQ:MU) has a long history as a chip stock. With that designation comes the inevitable volatility inherent in this cyclical industry. The company has often moved higher during a time of rising memory prices, only to collapse when memory demand dries up.

For this reason, predicting where Micron stock goes over the next year probably hinges on the expected direction of memory prices. Let’s take a closer look at where analysts believe the memory market is headed over the next year.

Micron’s financials

In the most recent earnings call, CEO Sanjay Mehrotra sounded an optimistic tone on DRAM

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Analyst Says Micron Technology Stock Now Has 20% Upside

Are Micron Technology (NASDAQ:MU) shares about to rise by nearly 20%? Analyst Sidney Ho of Deutsche Bank thinks so; he upgraded his recommendation on the stock from neutral to buy, with a $60 per share price target (the company’s most recent closing level was $50.68).

Ho believes that while the market for the DRAM, or dynamic random access memory, chips that the company specializes in will hit a low in the fourth quarter of this year, a rebound is in store. In his view, recent data indicate that demand for such products has risen in both the mobile and PC

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