TSMC Is Morgan Stanley’s Top Pick In Tech Space, Calls It “An Enabler Of Future Technology”
Morgan Stanley projected a return to growth for the semiconductor industry by the second half of 2023, spurring a sector rally in Asia.
US Stock Futures Down Following Tuesday’s Surge; ADP, Services Data In Focus
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Wednesday after recording sharp gains in the previous session. The Dow Jones jumped by more than 800 points, while the Nasdaq Composite surged around 360 points on Tuesday. The S&P 500 also notched its biggest two-session surge since March 2020.
This Chipmaker Plans To Invest $100B In New York To Create Cutting Edge Memory Tech — And 50,000 Jobs
U.S.-based chip-manufacturer Micron Technology, Inc. (NASDAQ: MU) has plans to invest up to $100 billion over the next 20 years to construct a new mega fab in Clay, New York, with the first phase investment of $20 billion planned by the end of this decade.
Micron Technology Earnings Were ‘Materially Worse’ Than Expected: 6 Analysts Comment
Micron Technology Inc. (NASDAQ: MU) released fiscal fourth-quarter results after the closing bell on Thursday. The Boise, Idaho-based company reported downbeat revenues of $6.64 billion and adjusted earnings of $1.45 per share, ahead of the consensus estimate.
Top 15 Trending Stocks On WallStreetBets As Of Friday, September 30, 2022 (Via Swaggy Stocks)
Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
Tesla (TSLA)
Apple (AAPL)
Micron Technology (MU)
Nike (NKE)
Advanced Micro Devices (AMD)
Netflix (NFLX)
Meta Platforms
These Analysts Cut Price Targets On Micron Following Q4 Results
Micron Technology, Inc. (NASDAQ: MU) posted upbeat earnings for its fourth quarter, while sales missed estimates. The company also issued Q1 revenue guidance below estimates.
What’s Going On With Micron Stock Today?
Micron Technology Inc (NASDAQ: MU) shares are trading higher Friday. The stock has been volatile since the company reported its fiscal fourth-quarter results Thursday after the bell.
Piper Sandler Maintains Underweight on Micron Technology, Lowers Price Target to $45
Piper Sandler analyst Harsh Kumar maintains Micron Technology (NASDAQ:MU) with a Underweight and lowers the price target from $50 to $45.
Deutsche Bank Maintains Buy on Micron Technology, Lowers Price Target to $60
Deutsche Bank analyst Sidney Ho maintains Micron Technology (NASDAQ:MU) with a Buy and lowers the price target from $68 to $60.
Benzinga Pro’s Top 5 Stocks To Watch For Friday, Sept. 30, 2022: BBWI, MU, TSLA, DUK, SQL
Bath & Body Works (BBWI) - A sympathy and potential contrarian play following NIKE's (NKE) better-than-expected quarterly results but inventory figures that weighed on NIKE shares. While an analyst at Morgan