After a particularly challenging year for semiconductor stocks, Marvell Technology and three other chip companies look like buys to analysts at Rosenblatt. Stocks in the sector fell hard last year as demand for chips weakened but supplies remained high. The iShares Semiconductor (ticker: SOXX) exchange-traded fund, which tracks the performance of an index composed of … Read more
sankai Semiconductor stocks fell on Wednesday in the wake of new spending cuts from Micron Technology (NASDAQ:MU), as the memory chip maker said the outlook for 2023 has continued to worsen. Micron (MU) tumbled 5% after it said it would reduce wafer starts for both NAND and dynamics random access memory, or DRAM, by roughly … Read more
RealVision To Go Too Far or Not Far Enough The market is all set for a 75-basis-point rate-hike in November, though San Francisco Federal Reserve President Mary Daly stoked an equity rally on Friday when she said the central bank should try to avoid an “unforced downturn” by over-tightening. The U.S. dollar softened against major … Read more
Nancy Pelosi's husband sells calls in Micron, Nvidia for loss, exercises Alphabet options Source link
Micron Will Get Pricier With Improving DRAM Fundamentals, Analyst Anticipates Source link
MF3d Semiconductor stocks were mixed on Friday as investors digested the implications of a spending cut from Micron Technology (NASDAQ:MU) and what it means for others in the space. In 2023, Micron (MU) said it would cut total capital expenditures by 30% year-over-year and wafer fab equipment spending by up to 50% next year. Kioxia, … Read more
Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip glut could get a lot worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter Thursday, with revenue plunging 23% from last year, but … Read more
(Bloomberg) — Micron Technology Inc., the largest US maker of memory chips, gave a weak forecast for the current quarter, renewing concern that demand for personal computers and smartphones is falling off. Sales will be about $4.25 billion in the period, Micron said in a statement Thursday. That compares with an average analyst estimate of … Read more
Micron Technology shares are under renewed pressure after the memory chip company posted weak results and provided softer-than-expected financial forecasts. The anemic quarterly results, reported after the close of trading on Thursday, were no real surprise. Micron had ratcheted down expectations amid weak demand from personal-computer manufacturers and other customers, reflecting softening consumer spending. But … Read more
Citi Remains Bullish On Micron Given Bottoming Process Well Underway Source link