Why Micron's Stock Could Be Poised for a Post-earnings Gain - With One Catch

MarketWatch14minutes ago

Earnings Reports Outlook | The chip recovery phase has begun. Can Micron (MU.US) add more fuel to the fire again?

Wall Street expects Micron's revenue for this quarter to reach 8.72 billion dollars, an 84% year-on-year increase.

Zhitong FinanceDec 16 14:45

Leading the U.S. stock market into a long bull run, chip stocks are expected to continue to "surge" next year.

BofA's "top chip stocks" for 2025 have been announced, including NVIDIA, Broadcom, and Marvell Technology.

Zhitong Finance55minutes ago

Wall Street's darling changes hands? The chip giants diverge: Broadcom rises over 11% to reach a new high, while NVIDIA falls into the correction zone.

Despite the lack of support from NVIDIA, on Monday, the Nasdaq Composite Index still reached a historic high. On the same day, other semiconductor stocks also performed well. Micron Technology rose over 5% ahead of its upcoming quarterly Earnings Reports, peaking at over 8% during the session. Marvell Technology increased by 3.3%.

wallstreetcn07:20

Top 20 by transaction amount | Apple, Google, and Amazon have all reached historical highs! Broadcom continues its upward trend, rising over 11%.

On Monday, Micron, ranked 13th in US stock trading volume, rose by 5.62%, with a trading value of 4.631 billion USD; SoundHound AI, ranked 16th among AI software stocks, increased by 16.44%, with a trading volume of 3.184 billion USD; Super Micro Computer, ranked 20th, fell by 8.26%, with a trading value of 2.768 billion USD.

Global Market Broadcast07:17

U.S. stock market closing | The three major indexes had mixed results, with the Nasdaq increasing over 1% to reach a new high, while the Dow Jones fell for the eighth consecutive day; Broadcom surged over 11%, and Tesla rose over 6%, both reaching histori

The Dow Jones Industrial Average has recorded its longest losing streak since 2018; NVIDIA fell over 1%, marking its third consecutive decline; MicroStrategy, which was added to the Nasdaq 100 index, surged over 7% intraday before reversing to a loss, and Super Micro Computer, which was removed from the index, closed down over 8%. Chinese concept stocks fell over 2%.

wallstreetcn07:06