Tag: $Micron Technology

Samsung Electronics (5930) expects to report a huge profit surge in the first quarter. It’s good news for its peer Micron Technology (MU), with both companies set to ride a wave of demand for memory chips.

Google’s latest research which claims to make AI models more efficient is putting pressure on memory stocks, with investors concerned the breakthrough could see a slowdown in chip demand.

Micron’s revenue almost tripled in the latest quarter as results topped analysts’ estimates and guidance sailed past expectations. The stock, which is up more than 350% in the past year, slipped in extended trading.

Micron Technology (MU) is adding memory-chip manufacturing capacity as fast as it can. Don’t expect that to significantly ease the shortages which are roiling the smartphone and personal-computer markets and boosting the company’s earnings.

Samsung Electronics (5930) said Thursday that it has become the first company to ship a new type of memory-chip crucial for artificial-intelligence processors. But Micron Technology (MU) is hot on its heels.

Samsung Electronics (5930) stock gained on Monday following a report that it will start large-scale production of the next generation of high-bandwidth memory chips as soon as this month. That lays down a challenge to American rival Micron Technology (MU).

Samsung Electronics (005930) is set to supply Nvidia (NVDA) with next-generation memory chips, according to a report. That’s a bit of a concern for Micron Technology (MU) but it shouldn’t put too much of a dent in optimism around the U.S. memory hardware company.

Micron Technology (MU) wants to buy a chip-making facility in Taiwan for $1.8 billion. The U.S. memory-chip company is racing its rivals to increase its manufacturing capacity amid a huge surge in demand but that could set up a glut in supply over the longer term.

Samsung Electronics (005930) forecast a record quarterly profit on the back of surging memory-chip prices. The figures bode well for U.S. rival Micron Technology (MU)

Micron Technology reported better-than-expected earnings results Wednesday afternoon. Its stock was up sharply in the Thursday premarket.

Micron plans to stop supplying server chips to data centers in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, two people briefed on the decision said.

Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.

Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5% before the bell.

Micron reported better-than-expected earnings and revenue on Wednesday and issued a forecast that also topped analysts’ estimates. The stock initially popped in extended trading before paring most of its gains.

Micron Technology, Inc. (NASDAQ:MU) announced plans on Thursday to invest approximately $200 billion in U.S. semiconductor manufacturing and research and development across facilities in Idaho, New York, and Virginia.

Shares of memory-chip maker Micron Technology Inc. rose in extended trading Thursday after the company’s fiscal second quarter showed that it is still seeing a boost from AI, with its highest-capacity memory products surging in growth.

Huang’s hotly anticipated speech brought mention that Micron is providing memory for new Blackwell gaming chips

Micron Technology shares plummeted 15% in premarket trading on Thursday following a dismal forecast that signaled a squeeze from weak demand for personal computers and smartphones, overshadowing a solid lift from sales of AI-related chips.

The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for memory chip maker Micron Technology to support the construction of several domestic semiconductor facilities, according to a White House statement on Tuesday.

For the quarter ended Aug. 29, Micron reported revenue of $7.75 billion—up 93% from the prior year—and adjusted earnings of $1.18 a share. Wall Street was expecting revenue of $7.65 billion with adjusted EPS of $1.11.