Micron earnings preview: Grab rewards by guessing the opening price!
Hi, mooers!
$Micron Technology (MU.US)$ is releasing its Q4 FY2024 earnings on September 25 after the bell. Unlock insights with MU Earnings Hub>>
Since its Q3 FY2024 earnings release, shares of $Micron Technology (MU.US)$ have seen decrease of 34.22%. How will the market react to the upcoming results? Make your guess now!
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the price range of $Micron Technology (MU.US)$'s opening price at 9:30 ET September 26 (e.g., If 50 mooers make a correct guess, each of them will get 100 points.)
(Vote will close on 6:00 ET September 26)
● Exclusive 300 points: For the writer of the top post on analyzing $Micron Technology (MU.US)$'s earnings prospects.
Note:
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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102362254 : I guess $Micron Technology (MU.US)$ may open between 90-100. Micron is benefiting from the growing demand for AI and data centers, with its high-bandwidth memory (HBM) giving it an edge. It is also innovating, expanding its SSD offerings to meet the needs of PCs and gaming consoles. While the memory market is recovering, there are concerns about inventory issues in non-AI segments like PCs and smartphones, which could affect prices. Analysts are mostly positive about Micron's prospects, especially in AI, though some express caution. With a strong balance sheet and proactive debt management, Micron is looking optimistic for future growth.
Big grey wolf : Open on 6 Sept ? Typo error right ?
102821713 : 6 September?
Moo Earnings OP Big grey wolf : Thank you for pointing this out. We apologize for the mistake, and we've corrected it.
Moo Earnings OP 102821713 : Thank you for pointing this out. We apologize for the mistake, and we've corrected it.
Lucas Cheah : $Micron Technology (MU.US)$ is a global leader in producing memory and storage solutions, primarily focusing on DRAM (dynamic random-access memory) and NAND (flash memory) technologies. These products are critical components in various devices, from smartphones and PCs to servers, automotive applications, and data centers. Micron operates in highly cyclical industries, which means its earnings are often influenced by supply-demand dynamics and broader trends in the tech sector.
In the short term, Micron will likely face some headwinds due to continued inventory overhang and pricing pressure in the memory market. However, the long-term outlook remains positive, driven by the following factors:
• AI growth and cloud computing demand will accelerate the need for advanced memory and storage solutions.
• Automotive and industrial markets provide new avenues for growth as the demand for connected devices and autonomous vehicles increases.
• 5G and smartphone demand recovery and investments in advanced technologies will further bolster Micron's competitive positioning.
• Cost control and operational efficiencies should help Micron protect its margins, even during challenging market cycles.
In conclusion, $Micron Technology (MU.US)$ has a mixed near-term outlook due to the cyclical nature of the memory industry and ongoing geopolitical risks. However, its strong positioning in growth markets like AI, automotive, and cloud computing, along with cost-cutting initiatives, will likely lead to a solid earnings recovery over the next few years. Investors should be prepared for volatility but can expect long-term growth opportunities as demand for memory and storage solutions continues to rise globally.
CNNT : I think Micron will grow slightly and land somewhere below 100 after the bell. Looking at the price trendline, it's right at the cusp of a possible changing trend and will need some time to consolidate if it is going to cross the $100 mark and continue to grow.
The balancing of risk and return factors of the chip sector, supported by sound fundamentals of the company itself (be it cyclical and in 2023, had a negative profit margin, not uncommon for chipmakers), such as latest revenue and EPS growth, Micron is poised for a moderate to strong growth, but my guess is moderate in the next few days.
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New93 : blah
careful Beaver_5781 : MU is going to rise after the report.
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