Micron set for growth in 2025 led by solid chip demand
** Micron Technology MU.O forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models
** Micron shares down 3.6% at $99.2 in premarket trade
POISED FOR AI-DRIVEN GROWTH
** J.P.Morgan ("overweight," PT: $135) sees strong setup going into H2 on favorable AI-driven high bandwidth memory chip (HBM) demand combined with improving supply/demand dynamics in PCs/smartphones
** "We believe MU remains well positioned to gain share on NVIDIA’s next generation GPU platforms," brokerage says
** Barclays ("overweight," PT: $115) says HBM and broader data center growth commentary sets up for a solid growth year for Micron with a better NAND environment added to the mix
** Citigroup ("buy," PT: $120) expects Dynamic Random-Access Memory (DRAM) pricing to improve and DRAM market to recover given supply/demand dynamics and increasing HBM revenue
** Needham ("buy," PT: $120) expects DRAM to benefit from HBM and the data center end markets
Related Articles
Ahead of Berkshire’s Annual Meeting: How Did Buffett Make $20B in a Weak Market?
Tradingkey - As of April 29, Berkshire Hathaway (BRK.A) shares have surged 17.4% year-to-date, beating the broader market by a wide margin. Meanwhile, the S&P 500 has fallen 5.2%, while the Nasdaq Composite saw a maximum drawdown of 9.4%.
Amazon Q1 2025 Earnings Preview: Navigating Tariffs, E-commerce, and Cloud Growth
TradingKey - Amazon is gearing up to unveil its Q1 2025 earnings, and investors are buzzing with anticipation. The market generally expects the company's revenue to be between $151 billion and $155.5 billion, a YoY increase of about 5% to 9%. Operating profit is expected to be between $14 billion....png)
Tesla's 2025 Q1 Earning Report Preview: A Critical Moment of Hope and Challenge
TradingKey - Tesla's 2025 Q1 financial report will be released on April 22. As a leader in the global electric vehicle industry, its performance has attracted much attention from the market.
Bank of Japan Interest Rate Decision Preview: Pause on Rate Hikes Already Priced In, Minimal Market Movement Expected on the Day
On 19 March 2025, the Bank of Japan (BoJ) will announce its March interest rate decision. The market widely expects the central bank to maintain its policy rate unchanged at 0.5%. We align with this consensus forecast.
Can the U.S.-Ukraine Mineral Deal Spark New Opportunities for U.S. Stocks After Continued Decline?
TradingKey - Ukrainian President Volodymyr Zelenskyy sent a letter to President Donald Trump on Wednesday, stating he is ready to work under Trump's "strong leadership" and that it is "time to make things right." He specifically outlined potential content for the first phase of the peace process.