Pfizer, McDonald's fall in premarket, International Paper, UPS jump
By Geoffrey Smith Investing.com -- Stocks in focus in premarket trading on Tuesday, 31st January. Please refresh for updates. Pfizer (NYSE:PFE) stock fell 3.0% after the pharma...
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Micron News & Analysis
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Samsung not to cut investment despite significant profit drop
Seoul, Jan 31 (IANS) Samsung Electronics (KS:005930) reaffirmed on Tuesday it has no plan to cut investment for this year despite disappointing earning results in the fourth quarter on a...
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Historic crash for memory chips threatens to wipe out earnings
Now consumers and businesses are holding off on big purchases as they cope with inflation and rising interest rates.
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Memory chip crisis threatens to wipe out earnings, destabilise suppliers
It's been a swift descent from the industry's pandemic sales surge, which was fueled by shoppers outfitting home offices and snapping up computers, tablets and smartphones
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Samsung Q4 operating profit likely down 69% on chip price falls
Seoul, Jan 6 (IANS) Samsung Electronics (KS:005930) said on Friday its fourth-quarter operating profit likely plunged 69 per cent from a year earlier due to sliding memory chip prices as an...
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Stock Market Today: Dow ends higher on dip-buying into close after Fed minutes
By Yasin Ebrahim Investing.com -- The Dow closed higher Wednesday, after swinging between...
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S&P 500 swings wildly as Fed minutes point to higher for longer rate regime
By Yasin Ebrahim Investing.com -- The S&P 500 swung wildly Wednesday, as the Federal Reserve...
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Chip stocks rise on reports China will pause spending
By Sam Boughedda Chip stocks gained in early Wednesday trading after a report by BNN Bloomberg said China is halting significant investments in building a chip industry to compete with the...
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: Micron stock jumps 4.9% to pace the S&P 500’s premarket gainers
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about...
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Rosenblatt's 4 top chip stocks to own for 2023
By Senad Karaahmetovic Rosenblatt analysts highlighted several chip stocks that could outperform the broader market in 2023. Overall, analysts are cautious on equities as far as the first...
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Tuesday’s Top Analyst Upgrades and Downgrades: Ally Financial, Apple, Block, DR Horton, EOG, Ford, Micron, PayPal, Pfizer and More
Tuesday's top analyst upgrades and downgrades included Ally Financial, Apple, Ardelyx, Block, DocuSign, D.R. Horton, Enovix, EOG Resources, Ford, Futu, Micron Technology, Novavax, PayPal,...
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Stock market today: Dow ends year nursing biggest annual slump since 2008
By Yasin Ebrahim Investing.com -- The Dow closed lower Friday, wrapping up the year with its biggest annual losses since the 2008 financial crisis as the Federal Reserve's fastest pace of...
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S&P 500 slips as tech leads losses on final day of trade for 2022
By Yasin Ebrahim Investing.com -- The S&P 500 fell sharply Friday, as the relief rally in tech from a day earlier run out of steam, putting stocks on course for its biggest yearly loss...
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Argus won't recommend Micron Technology even for investors aware of the risks
By Sam Boughedda Micron Technology (NASDAQ:MU) shares were downgraded to Hold from Buy by Argus analysts in a research note released Friday. The analysts told investors the downgrade...
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Perma tech bulls from Wedbush pick top tech stocks to own for 2023
By Senad Karaahmetovic Wedbush analysts weighed in on the ongoing tech sell-off. They described the latest sell-off as "brutal" and said investors didn't like yesterday's...
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Micron will cut its workforce by 10%
Employee bonuses will also be suspended next year and executive salaries will be reduced for the remainder of the 2023 fiscal year.
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Today’s important price target changes
By Davit Kirakosyan Cowen lowered the price target on Paychex (NASDAQ:PAYX) to $130.00 from $132.00 while maintaining an Outperform rating following the Q2 {{erl-6406||earnings...
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Stock market today: Dow ends lower as Micron-fueled slump in tech bites
By Yasin Ebrahim Investing.com -- The Dow slumped Thursday as Micron-led plunge in tech reined...
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The Ratings Game: Micron’s recovery from ‘worst memory downturn in 13 years’ will take time, analyst says
Micron Technology Inc.'s results and outlook show the memory-chip market is probably at its worst downturn in 13 years and analysts expect the bounce back may take a while.
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US Close: Bye-Bye Santa Rally, Grinch Selloff is here to stay, US Data, Micron Gloom, Oil wavers, Gold drops, Cryptos lower
The Grinch selloff is firmly in place after Micron delivered a gloomy outlook and as better-than-expected US economic data supported the Fed’s case for more ongoing rate increases. Global...
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Stocks making the biggest moves midday: AMC Entertainment, Tesla, Micron, Under Armour and more
These are the stocks posting the largest moves in midday trading.
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Micron, CarMax and Tyson Foods fall premarket; MillerKnoll rises
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Thursday, December 22nd. Please refresh for updates. Micron (NASDAQ:MU) stock fell 3.9% after the chipmaker forecast a...
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FTX guilty pleas, Micron shock, Zelenskiy speech - what's moving markets
By Geoffrey Smith Investing.com -- Two key lieutenants of Sam Bankman-Fried entered guilty pleas and said they will cooperate with the investigation against their former boss/boyfriend. The...
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Dow futures fall 75 pts; Micron results, 3Q GDP, jobless claims in focus
By Peter Nurse Investing.com -- U.S. stocks are seen opening marginally lower Thursday, with disappointing earnings from chipmaker {{erl-8092||Micron Technology (NASDAQ:MU) weighing on...
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Most analysts remain positive on Micron stock despite disappointing results
By Senad Karaahmetovic Shares of Micron Technology (NASDAQ:MU) are down about 2% in pre-open Thursday after the chipmaker reported weaker-than-expected first-quarter earnings and announced...
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European stocks higher; sentiment positive despite weak U.K. GDP data
By Peter Nurse Investing.com - European stock markets edged higher Thursday, boosted by improving consumer sentiment despite weak U.K. growth data. At 04:05 ET (09:05 GMT), the DAX index in...
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European chipmakers fall after Micron flags capex reduction, job cuts
By Scott Kanowsky Investing.com -- Shares in European chipmaking companies fell on Thursday after U.S. peer Micron Technology, Inc. (NASDAQ:MU) announced a raft of job cuts next year and...
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Chip-maker Micron to cut 10% of its workforce
San Francisco, Dec 22 (IANS) Chip-maker Micron (NASDAQ:MU) has announced that it will reduce its workforce by about 10 per cent in 2023 in response to challenging industry conditions. The...
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Chip-maker Micron to cut 10% of its workforce
Chip-maker Micron has announced that it will reduce its workforce by about 10 per cent in 2023 in response to challenging industry conditions.
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Micron sets 10% job cuts in 2023 due to 'supply-demand mismatch'
"Due to the significant supply demand mismatch entering calendar 2023, we expect that profitability will remain challenged throughout 2023," Micron chief executive Sanjay Mehrotra said....
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After-hours movers: IsoPlexis surges on buyout, Micron falls following EPS
By Investing.com Staff After-hours stock movers: IsoPlexis (NASDAQ:ISO) 107% HIGHER; Berkeley Lights (NASDAQ:BLI), a life sciences tools company, and IsoPlexis, a company empowering labs...
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Micron Technology misses expectations, taking decisive actions to cut expenses
By Sam Boughedda Micron Technology (NASDAQ:MU) shares edged lower after-hours Wednesday after the company posted its fiscal first-quarter earnings, which missed analyst consensus...
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Micron Technology Misses Q1 EPS by 3c, Revenues Miss; Guides
Micron Technology (NASDAQ:MU) reported Q1 EPS of ($0.04), $0.03 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $4.09 billion versus the consensus estimate of...
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Micron earnings beat by $0.05, revenue fell short of estimates
Investing.com - Micron (NASDAQ:MU) (NASDAQ: MU) reported first quarter EPS of $0.04, $0.05 better than the analyst estimate of $-0.01. Revenue for the quarter came in at $4.09B versus the...
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Micron Technology to guide below estimates, but Citi still positive
By Sam Boughedda Citi analysts said the firm expects Micron Technology (NASDAQ:MU) to miss estimates when it releases fiscal first quarter 2023 {{erl-8092||results today after market...
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Dow futures rise 265 pts; strong results from Nike, FedEx help
By Peter Nurse Investing.com -- U.S. stocks are seen opening higher Wednesday, boosted by solid earnings from corporate giants Nike and FedEx as investors seek to close a rough year on a...
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Nasdaq, S&P Futures Spike Higher Following Tuesday's Tentative Gains: Nike, Tesla, Micron, Housing & Consumer Confidence Data In Focus
U.S. stocks look set for a positive start on Wednesday, with the index futures trading moderately higher. Sentiment going into the session likely hinges on a couple of economic readings and...
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Existing home sales, Micron earnings, Carnival Reports: 3 things to watch
By Liz Moyer Investing.com -- Stocks regained earlier losses as investors tried to shrug off worries about recession to snap a multi-day losing streak. The much-hoped-for Santa Clause rally...
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Earnings Outlook: Micron earnings: Memory-chip slowdown appears to be far from over
Micron Technology Inc. shares have fallen more than 45% this year, but the memory-chip specialist is not out of the woods yet as demand continues to be weak.
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AMD and Micron are top chip stocks to own for 2023 - UBS
By Senad Karaahmetovic Despite projections that the U.S. chip sector is likely to experience another challenging year, UBS analysts say they are bullish on the sector for 2023 and see a...
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Forget about Tech's outperformance in 2023 - Bernstein analysts
By Senad Karaahmetovic Despite a strong selloff in 2022, the tech valuations are not as cheap as this year's pullback may suggest, Bernstein analysts wrote in a client note. The analysts...
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Advanced Micro Devices stock is a new 2023 Top Pick at Morgan Stanley
By Senad Karaahmetovic Morgan Stanley analysts promoted Advanced Micro Devices (NASDAQ:AMD) stock to top chip stock to own in 2023, replacing Lam Research (NASDAQ:LRCX). The analysts...
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