tldrdaily.news logo
Tag

Memory Chip Market

All articles tagged with #memory chip market

business2 years ago

"Analysts Raise Micron Stock Price Target Ahead of Earnings Report"

Micron Technology's stock received a price-target hike ahead of its upcoming earnings report, as a Wall Street analyst predicts a strong outlook for the company in 2024 due to a recovering memory-chip market. The analyst reiterated a buy rating on Micron stock and raised the 12-month price target. Micron stock surged 3.8% higher on the news. The company is expected to deliver strong guidance in its quarterly report and continue its upward trend in 2024.

via Investor's Business Daily|
#business#earnings-report#memory-chip-market
business2 years ago

SSD Price Declines Slowing, Good News for Upgraders

Micron, a major memory chip manufacturer, may see some relief as the decline in memory chip prices is slowing down. While the memory chip market is still in a severe downturn, production cuts by Micron and other manufacturers are starting to have an impact on the supply-demand imbalance. Although memory chip prices are still declining, the size of those declines is shrinking. Analysts expect a sharp improvement in pricing declines in the third quarter, potentially signaling a recovery in 2024. However, the industry remains uncertain, and the worst may be over for Micron.

via The Motley Fool|
#business#memory-chip-market#micron
business2 years ago

Samsung's Q2 Profit Plunges to 14-Year Low Amid Chip Downturn

Samsung, the world's largest memory chip maker, has reported its lowest operating profit in 14 years for the second consecutive quarter, with a drop of 95.74% from a year ago. The poor performance of its chip division, caused by a supply glut in the memory chip market, is expected to be the main reason for the profit drop. However, Samsung's smartphone business is expected to have performed well. The company remains optimistic about the long-term outlook for the memory chip market due to trends such as AI and high-performance computing.

via ZDNet|
#business#memory-chip-market#profit-drop
business2 years ago

Micron's Stock Rises Despite Largest Loss on Record and Revenue Drop in Line with Wall Street View.

Micron Technology reports its largest quarterly loss on record due to an inventory write-down of more than $1.4 billion, but executives suggest a turnaround is ahead, especially in the key data-center market. CEO Sanjay Mehrotra said that inventory issues have peaked and the company is close to a transition to sequential revenue growth in its quarterly results. Despite the loss, shares held up as the memory market may be reaching a bottom and the supply-demand balance is expected to improve in the coming months.

via MarketWatch|
#business#data-center-market#inventory-issues