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UBS analyst Timothy Arcuri has reiterated a Buy rating on Micron Technology, maintaining a price target of $125, citing strong momentum in High Bandwidth Memory (HBM) and a robust revenue growth of 79.8% over the past year. Despite anticipated near-term inventory challenges, a return to modest undersupply in the DRAM market is expected by late 2025. Micron plans to invest $7 billion in a new manufacturing facility in Singapore, set to create 1,400 jobs and enhance its HBM production capabilities.
Small business owners are optimistic about economic growth, with expectations rising significantly. Meanwhile, Mizuho recommends buying shares of Ball, citing a favorable long-term outlook despite recent capacity closures. Nvidia faces scrutiny in China, impacting its stock, while Broadcom is expected to exceed fiscal fourth-quarter estimates. South Korean markets surged amid political turmoil, contrasting with European stocks that opened lower following disappointing trade figures from China. In extended trading, Oracle's shares fell after missing earnings estimates, while MongoDB and Vail Resorts saw gains due to positive forecasts and narrower losses, respectively.
Christopher Danely
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
micron technology receives buy rating amid strong hbm momentum and growth prospects
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small business optimism surges as economic outlook improves post election
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00:02 10.12.2024
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