TD Cowen Maintains Micron Technology(MU.US) With Buy Rating, Maintains Target Price $135
Earnings Preview: MU to Report Financial Results on December 18
$Micron Technology(MU.US)$ is scheduled to release its financial results on December 18 ET. Earnings PreviewAnalysts estimate $Micron Technology(MU.US)$ to post revenue of USD8.71B for 2025Q1, up 84.2
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Micron Technology Options Spot-On: On December 12th, 164.12K Contracts Were Traded, With 1.82 Million Open Interest
On December 12th ET, $Micron Technology(MU.US)$ had active options trading, with a total trading volume of 164.12K options for the day, of which put options accounted for 32.97% of the total
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Micron Technology, Inc. (NASDAQ:MU) Is Favoured by Institutional Owners Who Hold 78% of the Company
NVIDIA, AMD, and Intel have rarely joined forces to invest in a photonic chip company.
Source: Semiconductor Industry ObserverIn recent years, with the fierce competition in AI escalating, both traditional and emerging processor giants have been engaged in intense competition surrounding CPUs, GPUs, and AI accelerators. In particular, the three iconic giants AMD, Intel, and NVIDIA are under close scrutiny due to their rivalry, which includes the chase and counterattack of latecomers, the fierce rise of new markets, and the reluctance of old giants to fall behind. It is well known that these three companies are involved in both overt and covert battles over artificial intelligence and PCs. However, recently, these three companies have rarely joined forces to invest in a company called
Counterpoint: In the third quarter, the Global Semiconductors Industry revenue reached 158.2 billion USD, with a year-on-year growth of 17%.
In the third quarter of 2024, the Global Semiconductors Industry revenue grew by 17% year-on-year, reaching 158.2 billion dollars, mainly driven by demand for AI technology and the recovery of the memory industry.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
Micron Technology Options Spot-On: On December 11th, 168.38K Contracts Were Traded, With 1.78 Million Open Interest
On December 11th ET, $Micron Technology(MU.US)$ had active options trading, with a total trading volume of 168.38K options for the day, of which put options accounted for 30.16% of the total
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Micron Technology Unusual Options Activity For December 11
US stock market forecast | November CPI data meets expectations, the three major futures indexes rise sharply; Quantum Computing concept stocks surge before the market, with Rigetti and Quantum both climbing over 10%.
Pre-market up over 1%, Tesla's sales in China for December usher in a "good start": first week sales of 0.0219 million Autos, Cybertruck has completed Energy consumption declaration in China; Google executive: Search AI is the biggest bet, with an expected investment of 50 billion in 2024.
Wells Fargo Maintains Micron Technology(MU.US) With Buy Rating, Maintains Target Price $175
24-hour global political and economic news overview | December 11.
Global Hotspot Sniping.
Futu Morning Report | Focus on tonight's CPI report! It may become a key factor affecting next week's interest rate decision; Google surged more than 5%! Its quantum chip drove all Concept stocks to soar, with RGTI rising over 45%.
How much computing power does the agent need? Barclays: over 70% of total computing demand, with expenditures amounting to 300 billion; stock prices surged nearly 18%! Reports suggest that USA pharmacy giant Walgreens is in talks with private equity firms for a sale; Bitcoin briefly fell below 95,000 USD! Microsoft Shareholders voted against the Bitcoin investment proposal, stating that returns cannot be guaranteed.
The USA Department of Commerce announced that it will provide Micron Technology with 6.1 billion USD in funding.
On December 11, Gelonghui reported that on December 10, a statement released by the White House indicated that the U.S. Department of Commerce signed a contract with Micron Technology, the largest computer memory chip manufacturer in the USA, to provide $6.1 billion in funding. In addition, the U.S. Department of Commerce also announced that a preliminary agreement has been reached with Micron Technology to provide an additional $0.275 billion in funding for the expansion of Micron Technology's factory in Manassas, Virginia.
Micron Technology Options Spot-On: On December 10th, 207.54K Contracts Were Traded, With 1.7 Million Open Interest
On December 10th ET, $Micron Technology(MU.US)$ had active options trading, with a total trading volume of 207.54K options for the day, of which put options accounted for 24.23% of the total