The price of Micron Technology, Inc. (NASDAQ: 
MU) Spike 17% yesterday , further extending gains to extended market sessions on Friday albeit notable stocks like 
NIKE, 
TSLA and 
VMAR all nosedived.
In another news, Micron Technology (NASDAQ: MU) rallied some 15% today after reporting top- and bottom-line growth for its fiscal Q1 that Morgan Stanley dubbed the “best in the history of the US semis industry” outside of Nvidia.
For the current quarter, the memory-chip maker forecast adjusted earnings of $8.42 per share on $18.7 billion in revenue, well above Wall Street expectations of $4.78 per share and $14.2 billion in sales.
Following the post-earnings surge, Micron stock is trading a remarkable 300% higher than its year-to-date low.
Technically,MU stock might experience some respite before peaking liquidity up. The 38.2% Fib retracement level is the possible level for MU to consolidate before reaching higher levels.
About MU
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally. It operates through the Cloud Memory Business Unit (CMBU); Core Data Center Business Unit (CDCBU); Mobile and Client Business Unit (MCBU); and Automotive and Embedded Business Unit (AEBU) segments.
MU) Spike 17% yesterday , further extending gains to extended market sessions on Friday albeit notable stocks like NIKE, TSLA and VMAR all nosedived. In another news, Micron Technology (NASDAQ: MU) rallied some 15% today after reporting top- and bottom-line growth for its fiscal Q1 that Morgan Stanley dubbed the “best in the history of the US semis industry” outside of Nvidia.
For the current quarter, the memory-chip maker forecast adjusted earnings of $8.42 per share on $18.7 billion in revenue, well above Wall Street expectations of $4.78 per share and $14.2 billion in sales.
Following the post-earnings surge, Micron stock is trading a remarkable 300% higher than its year-to-date low.
Technically,
MU stock might experience some respite before peaking liquidity up. The 38.2% Fib retracement level is the possible level for MU to consolidate before reaching higher levels. About MU
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally. It operates through the Cloud Memory Business Unit (CMBU); Core Data Center Business Unit (CDCBU); Mobile and Client Business Unit (MCBU); and Automotive and Embedded Business Unit (AEBU) segments.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.