Micron Technology is a leading global provider of advanced semiconductor solutions, specializing in memory and storage products
The company designs and manufactures dynamic random-access memory (DRAM) and NAND flash memory, which are essential components used in various electronic devices, including smartphones, computers, data centers, and automotive applications. By delivering innovative and high-performance memory solutions, Micron plays a crucial role in supporting the growing demand for data storage and processing capabilities in an increasingly digital world. Additionally, they engage in research and development to advance technology and improve product efficiency, making significant contributions to the evolution of the semiconductor industry.
The key driver for the price target cuts is Micron’s sober outlook going forward, with analysts at Wolfe noting that the company’s management has expressed slight caution about its near-term outlook.
Let's delve into the developments on the US markets one hour before the close of the markets on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of memory chips maker Micron (NYSEMU)
jumped 8.4% in the afternoon session as markets experienced a boost after data from the Bureau of Labor Statistics revealed that inflation for the month of February 2025 came in better than expected. The CPI rose 0.2% from the previous month (vs estimates for a 0.3% increase), while headline inflation rose 2.8% year on year (vs estimates for a 2.9% y/y increase). The data revealed inflation continued to edge closer to the Fed's 2% target, but not quite there yet. The reaction wasn't anything wild, but the sentiment leaned positive. The Nasdaq led the way, climbing 1.4%, boosting some tech stocks.
While Nvidia has been the undisputed winner in the AI boom, the market is shifting its focus beyond chipmakers to companies integrating AI into their business models.
Trump may scrap US chip subsidies for Taiwan Semiconductor, causing AI chip stocks to trade lower. Big Tech leaders may meet to discuss stricter tariff policies.
The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer.
However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
Micron Technology Inc. is bidding for leadership in high-bandwidth memory technology with mass production of its 12-stack HBM3e. The chip will position Micron as a supplier to Nvidia, and further its ambition to capture a share of the AI market.
