Baird Maintains Outperform on Micron Technology, Lowers Price Target to $130
Fell over 15% in pre-market! Micron Technology's earnings guidance fell short of expectations, resulting in a downgrade from Institutions.
Analysts have pointed out that Micron Technology is the largest computer storage chip manufacturer in the USA and one of the top three memory manufacturers globally. Its latest Earnings Reports guidance may impact investors' confidence in other similar companies worldwide.
Annual review | The "report card" for Global major asset classes is out! Bitcoin has surged 136% this year, leading the world, with strong performances from US stocks, China assets, and Japanese stocks.
In this spectacular year, which asset classes have been dominant globally? Which market symbols have underperformed? Let's review together!
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Daily Options Tracking | Musk is being investigated by the U.S. military! Tesla's Put ratio has risen to 39%; Micron fell over 14% before the market opened, with yesterday's options trading being very active, and many Put options earning over double.
The Federal Reserve breaks the bullish sentiment! The new member of the trillion Market Cap club, Broadcom, dropped nearly 7% yesterday, with Options Volume continuing to decline to 0.578 million contracts, and the Put ratio is 35%. On the Options Chain, the bullish forces are strong. The highest Call volumes for contracts expiring this Friday at $260, $250, $240, and $235 are 0.022 million, 0.019 million, 0.016 million, and 16,000 contracts respectively.
NVIDIA firmly holds the throne of AI Chips: Will Broadcom's challenge succeed?
NVIDIA's Stocks have recently declined, while investor interest in Broadcom is rising. However, why does NVIDIA still hold the upper hand in the AI Chip field?
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"The next NVIDIA" is emerging, A-shares tapping into ASIC must be booming, is there a new narrative for AI Chip?
① Broadcom's performance has surged, and Morgan Stanley estimates that the AI ASIC market size will increase from 12 billion dollars in 2024 to 30 billion dollars by 2027; ② Compared to general GPUs, ASICs have advantages in terms of energy consumption and cost; ③ Most AI ASIC-related stocks in the A-share market have different business directions from Broadcom, and the segments driven by AI ASIC, such as optical modules and Switches, are receiving considerable attention.
9 billion dollars! In less than a year, the valuation of the new AI search star Perplexity has increased 17 times.
On December 17th, San Francisco time, the AI Search Engine company Perplexity completed its fourth round of financing this year, raising 0.5 billion USD, and the company valuation surged to 9 billion, increasing 17 times compared to the beginning of the year. At the start of this year, Perplexity's valuation was only 0.52 billion USD, and by this summer, the company's valuation had grown to 3 billion USD.
Trump's tariff plan is unpopular! More than half of the USA population opposes imposing taxes on commodities from Mexico.
Standard & Poor's stated that the tariffs in the USA will raise inflation rates and reduce economic output, while some individuals and businesses are stockpiling goods in anticipation of tariff concerns, leading to a significant increase in throughput at the Port of Los Angeles and Long Beach in November.
The Volume has soared, let's get to know the latest rising "four monster stocks" in the US market.
Yesterday, the total trading volume of Quantum Computing, Rigetti Computing, financial technology and defense company Nukkleus Inc., and voice recognition and AI company SoundHound AI was close to 10 billion USD, surpassing 476 constituent stocks in the S&P 500 Index.
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Express News | U.S. stock market night session: Micron Technology plummeted over 16% after earnings, NVIDIA rose over 2%; Quantum Computing concept stocks corrected, Quantum fell over 16%.
DRAM demand is still in a downturn! Micron has a pessimistic outlook for the future, and the stock price plummeted nearly 16% in after-hours trading.
① Micron Technology released its first quarter Earnings Report, with revenue of 8.71 billion USD, meeting expectations; adjusted EPS is 1.79 USD, meeting expectations; ② Weak demand in Consumer Electronics and oversupply have led to a sluggish DRAM chip market; ③ Micron's projections for revenue and profit in the second quarter are below Wall Street expectations, causing its stock to plunge over 15% in after-hours trading.
U.S. stock market close | The Federal Reserve takes a hawkish stance, three major Indexes drop together, with the Nasdaq down over 3%; Tesla falls over 8%, leading the decline among Technology giants, while Quantum Computing concept stock, Quantum, soars
The Dow Jones experienced ten consecutive declines, marking the longest streak of losses since 1974. The S&P fell nearly 3%, and the Nasdaq dropped over 3%. Tesla led the tech giants down with a decline of over 8%. The chip index fell nearly 4%, with Broadcom dropping nearly 7%, and NVIDIA initially rose nearly 5% during the day before turning negative. Micron Technology, which provided disappointing guidance for this fiscal quarter, fell over 10% in after-hours trading.
Micron Technology's stock fell sharply by 17% after hours, with a clearly unfavorable outlook for the next quarter, and the first fiscal quarter revenue met expectations.
Analysts point out that Micron was the first among comparable companies to release its Earnings Reports this quarter, playing an important role in the outlook for Technology stocks. Despite being affected by the decline in traditional DRAM Memory Chip prices, the high bandwidth memory used in AI Chips continues to boost profit margins, with Datacenter revenue growing over 400% year-on-year to a new high, and for the first time accounting for over 50% of total revenue, also setting a new record for overall revenue.
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