Weak PC, Phone Demand Keep Micron Grounded Despite Stellar Earnings - Micron Technology (NASDAQ:MU)

Weak PC, Phone Demand Keep Micron Grounded Despite Stellar Earnings - Micron Technology (NASDAQ:MU)

Muted PC and phone demand continues to weigh on memory chip pricing, prompting Bank of America Securities to maintain a Neutral rating on Micron Technology (NASDAQ:MU), even as the company posts blowout earnings and bullish guidance. Analyst Vivek Arya maintained Micron Technology with a Neutral and raised the price target from $84 to $140 on Thursday. Micron reported third-quarter revenue of $9.3 billion, up roughly 16%, topping the consensus e…

Micron delivered an earnings and revenue beat. Here’s how Wall Street reacted

Micron Technology easily cleared earnings expectations, signaling the chipmaker's momentum is unlikely to stop anytime soon.

Micron Earnings: Rocketing AI Demand @themotleyfool #stocks $MU

Micron stock drops despite blowout quarter – Should you buy?

Micron Technology (NASDAQ:MU) has been one of the best performing technology sector stocks this year, returning some 48% YTD while the overall sector is barely treading water.

Micron earnings and revenue beat analyst forecast

The chipmaker posted revenue of $9.3 billion in the period, also beating Street forecasts. The post Micron earnings beat Wall Street expectations first appeared on Idaho Business Review.