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Micron Technology, Inc. (MTE.F)
| Previous close | 118.82 |
| Open | 118.98 |
| Bid | 117.30 x 50000 |
| Ask | 117.36 x 50000 |
| Day's range | 115.02 - 119.04 |
| 52-week range | 55.00 - 120.22 |
| Volume | |
| Avg. volume | 1,839 |
| Market cap | 130.072B |
| Beta (5Y monthly) | 1.28 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.43 (0.36%) |
| Ex-dividend date | 28 Mar 2024 |
| 1y target est | N/A |
- Benzinga
What's Going On With Biden's Chips Act Beneficiary Micron Tech Stock Tuesday?
Micron Technology, Inc. (NASDAQ: MU) shares are trading lower after the company raised its 2024 capex expectations on Tuesday. The key $280 billion U.S. CHIPS Act beneficiary now expects fiscal 2024 capital expenditure of $8 billion, higher than prior expectations of $7.5 billion. Micron is a leading provider of high-bandwidth memory (HBM) chips, which are critical components of the hardware used in artificial intelligence servers. Nvidia Corp’s (NASDAQ:NVDA) H200 chips will leverage Micron’s ad
- Reuters
Micron lifts 2024 capex forecast on rising investment in AI-related chips
Boise, Idaho-based Micron is one of the three large providers of HBM chips, an essential part of the hardware used in artificial intelligence servers. The company said in March its HBM chips, which refer to semiconductors used in the development of AI applications, were sold out for 2024.
- Barrons.com
Chip Stocks Are Riding High on AI. Why Micron Could Be a Top Pick.
Citi analyst Christopher Danely’s target for the stock price implies a gain of roughly 17% from current levels.
