Micron Technology (MU) has reported fourth-quarter earnings that beat expectations on both revenue and profit fronts, primarily driven by sustained demand...
) has reported fourth-quarter earnings that beat expectations on both revenue and profit fronts, primarily driven by sustained demand for AI-related memory products. The earnings beat has propelled Micron's shares higher and sparked a broader rally in the global semiconductor market .The company delivering better than expected earnings and revenue guidance driven by some robust demand for its A I related memory products here.They're up by about 17% as of right now.
Some of that demand is going to overflow and it has to kind of broaden out to some of the other names here, it seems like right now, Mike almost has a supply issue rather than demand.It gives them a little bit more pricing power.That was one of the driving factors for why they did give better than expected guidance.
A lot to talk about what that upside looks like for this sector, when you take a look at the Philadelphia Semiconductor Index, still only regaining about half of the losses that it has seen since its July peak. SAN JOSE, Calif., September 26, 2024--VDURA, a global leader in AI and HPC data storage solutions, is proud to announce its sponsorship of the inaugural Texas CryoEM Symposium, hosted by the UT Southwestern Medical Center.
Seana Smith Global Semiconductor Market
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