GERMANY - 2024/04/02: In this photo illustration, a Micron Technology, Inc. logo seen displayed on a ... [+] tablet. (Photo Illustration by Igor Golovnov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesMicron Technology (NASDAQ: MU) stock surged by about 16% in pre-market trading on Thursday, following a stronger-than-expected Q4 earnings report. Revenue rose 93% year-over-year to $7.75 billion, with adjusted earnings at $1.18 per share. The company is experiencing robust de ...

报告公司投资评级 - 报告维持"买入"评级 [4] 报告的核心观点 业绩表现 - 公司FY24Q4实现营收77.50亿美元,同比增长93%,环比增长14% [2] - 公司GAAP毛利率为35.3%,同比+46.1pct,环比+8.4pct [2] - 公司GAAP净利润为8.87亿美元,同比实现扭亏,环比增长+167% [2] - 公司Non-GAAP毛利率为36.5%,同比+45.6pct,环比+8.4pct [2] - 公司Non-GAAP净利润为13.42亿美元,同比实现扭亏,环比增长+91% [2] - 公司指引FY25Q1营收为87±2亿美元,营收中枢同比增长84% [2] - 公司指引FY25Q1 GAAP毛利率预计为38.5%±1%,Non-GAAP毛利率39.5%±1% [2] 产品表现 - DRAM收入53亿美元,位元出货量持平,价格环比15%左右增长 [3] - NAND收入24亿美元,位元出货量高个位数环比增长,价格环比5%-10%增长 [3] - 公司预计CY24服务器出货量同比增长中个位数到高个位数,其中传统服务器增长低个位数 [3] - 公司HBM良率爬坡,拉动DRAM以及整体毛利率 [3] - 公司预计CY25 HBM市场达到250亿美元,占整体DRAM位元数6% [3] - 公司预计PC OEM库存将在25年春季更加健康,24年PC出货量低个位数同比增长 [3] - 公司预计手机出货24年低个位数到中个位数增长,25年继续增长 [3] - 公司预计25年DRAM与NAND位元数都实现15%左右增长 [3] 投资评级与估值 - AI赋能端侧,存储有望从库存周期转向需求周期,公司有望充分受益 [4] - 公司HBM良率爬升,HBM市场份额有望增长 [4] - 我们预计公司FY25~FY27净利润分别为91.06、149.41、134.88亿美元 [4] - 公司美股净资产分别为48.56、61.68、73.40美元,对应当前股价PB为2.0、1.6、1.3倍 [4][6] 风险提示 - 下游需求不及预期 [4] - 原厂减产不及预期 [4] - 行业竞争加剧风险 [4] - 存货减值风险 [4] - 产品迭代不及预期 [4] - 产品禁售风险 [4]

Key TakeawaysThe S&P 500 added 0.4% on Thursday, Sept. 26, reaching a record closing high after a positive update on second-quarter GDP growth.Micron Technology shares soared as strong AI demand helped the memory chip maker blow past quarterly sales estimates.Shares of Super Micro Computer plunged amid reports of a federal investigation into the company's accounting practices. Major U.S. equities indexes pushed higher as the latest estimates from the Bureau of Economic Analysis showed that U.S. gross domest ...

Micron Technology, Inc. MU continued its upward trajectory Thursday after reporting upbeat quarterly results.Good traders know how to identify important price levels. These are called support and resistance levels. Sometimes these levels are clearly defined. As you can see on the chart, this is the case with Micron and the $108.80 level. This is why we have made it our Stock of the Day.If a stock is trending lower, there isn't enough demand, or buy orders, to absorb all the supply, or sell orders. As a resu ...

Stocks opened solidly higher Thursday thanks to a round of encouraging economic data and strong earnings from memory chipmaker Micron Technology (MU). And while the major indexes lost steam as the session wore on, one of the benchmarks managed to end at a new record close.  Investors had plenty of headlines to sift through today. On the economic front, the final reading on second-quarter gross domestic product (GDP) showed the economy grew at an annual rate of 3% over the three-month period, according to th ...

In our previous coverage of Micron Technology, Inc. (NASDAQ: MU ) stock, we had remained incrementally cautious about its lofty valuation. Admittedly, the company has been a key beneficiary of AI momentum over the past year. This continues to be driven byAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not ...

Key TakeawaysMicron Technology shares surged Thursday on its strong outlook, leading Nvidia and other semiconductor stocks higher. Nvidia, its partner Micron, and other chip companies have seen their revenue and stock prices climb amid a boom in demand for infrastructure to support AI.Micron CEO Sanjay Mehrotra said Wednesday the company's sales have nearly doubled from a year ago, with record-high revenue expected in the current quarter. Micron Technology (MU) shares surged Thursday after the memory chip ...

Continued growth of demand for artificial intelligence hardware is proving a boon for this memory chip company.Shares of computer technology outfit Micron Technology (MU 13.62%) are up more than 15% midday Thursday following Wednesday evening's release of its fiscal fourth-quarter results. The stock's biggest single-day gain in over a decade, however, mostly stems from its bullish guidance for the quarter currently underway.Micron firing on all cylindersMicron Technology turned $7.75 billion worth of revenu ...

Semiconductor stock Micron Technology Inc (NASDAQ:MU) is soaring today and taking the rest of the sector with it. The chipmaker reported better-than-expected fiscal fourth-quarter results and an upbeat current-quarter revenue forecast, with help from growing artificial intelligence (AI) demand. MU was last seen up 17.2% to trade at $112.36. Advanced Micro Devices Inc (NASDAQ:AMD) stock is up 3.3% to trade at $167.30 at last glance, on track for a fourth-straight win and trading at its highest levels since J ...

Micron Technology TodayMUMicron Technology$110.76 +14.99 (+15.65%) 52-Week Range$63.83▼$157.54Dividend Yield0.42%Price Target$145.65Add to WatchlistMicron Technology, Inc. NASDAQ: MU proved the doubters and analysts wrong with a Babe Ruth-style homerun earnings report that saw revenues nearly double YoY driven by the artificial intelligence (AI) boom. The irony is that at least three analysts downgraded, trimmed estimates or lowered price targets for Micron ahead of its fiscal fourth-quarter earnings report ...