Topics

Posted 9/18/2023, 2:54:52 PM

Cramer: Micron Could Spark Gains for Semiconductor Stocks Like AMD and Nvidia

Micron Technology (MU) is a stock to watch within the semiconductor industry, according to CNBC's Jim Cramer. He said it "can be a leader" that sparks gains in other chip stocks.
Cramer said AMD shares often rise along with Micron since both companies provide key components for PCs.
Deutsche Bank upgraded Micron to buy from hold and raised its price target to $85 based on expectations the downturn is ending.
Micron makes memory chips used in PCs, smartphones, and AI servers where Deutsche Bank sees signs of improving demand and pricing.
Cramer said if Micron sparks gains, it could provide leadership for the weak semiconductor sector overall, including stocks like Nvidia and Broadcom.

cnbc.com

Relevant topic timeline:

9/6/2023

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Analyst Downgrades AMD Stock Over Concerns Company Will Miss AI Revenue Expectations

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Micron Technology Stock Upgraded Ahead of Earnings Report Next Week

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Micron Offers AI Hardware Diversification as Nvidia Stock Soars

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Micron and Intel Offer AI Exposure and Turnaround Potential at Low Valuations

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Micron Forecasts Weak Earnings on Slumping Chip Demand, But Sees Signs of Recovery by Late 2023

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Micron Forecasts Wider Loss Despite Strong Demand for Memory Chips Used in AI

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9/27/2023

Micron Beats Earnings Estimates But Stock Falls As Outlook Remains Cautious Amid Industry Downturn

Micron Technology's fiscal fourth-quarter profit and revenue exceeded expectations, but the company's outlook was mixed as pricing stabilizes, leading to a more than 5% decrease in MU stock.

9/28/2023

Micron Stock Drops on Margin Outlook, But Analysts Still Recommend Buying the Dip

Despite a drop in Micron Technology stock and a surprising margin outlook, analysts suggest that it is a good time to buy.

Topics

Posted 9/18/2023, 2:54:52 PM

Cramer: Micron Could Spark Gains for Semiconductor Stocks Like AMD and Nvidia

Micron Technology (MU) is a stock to watch within the semiconductor industry, according to CNBC's Jim Cramer. He said it "can be a leader" that sparks gains in other chip stocks.
Cramer said AMD shares often rise along with Micron since both companies provide key components for PCs.
Deutsche Bank upgraded Micron to buy from hold and raised its price target to $85 based on expectations the downturn is ending.
Micron makes memory chips used in PCs, smartphones, and AI servers where Deutsche Bank sees signs of improving demand and pricing.
Cramer said if Micron sparks gains, it could provide leadership for the weak semiconductor sector overall, including stocks like Nvidia and Broadcom.

cnbc.com

Relevant topic timeline:

9/6/2023

Here's My Top AI Stock to Buy in September

9/8/2023

Analyst Downgrades AMD Stock Over Concerns Company Will Miss AI Revenue Expectations

9/18/2023

Micron Technology Stock Upgraded Ahead of Earnings Report Next Week

Micron Technology stock rises after Deutsche Bank analyst upgrades the stock due to improving demand ahead of earnings.

9/21/2023

Micron Offers AI Hardware Diversification as Nvidia Stock Soars

9/24/2023

Micron and Intel Offer AI Exposure and Turnaround Potential at Low Valuations

9/27/2023

Micron Forecasts Weak Earnings on Slumping Chip Demand, But Sees Signs of Recovery by Late 2023

Micron Technology predicts poor earnings but anticipates a turnaround in the near future.

9/27/2023

Micron Forecasts Wider Loss Despite Strong Demand for Memory Chips Used in AI

9/27/2023

Micron Beats Earnings Estimates But Stock Falls As Outlook Remains Cautious Amid Industry Downturn

Micron Technology's fiscal fourth-quarter profit and revenue exceeded expectations, but the company's outlook was mixed as pricing stabilizes, leading to a more than 5% decrease in MU stock.

9/28/2023

Micron Stock Drops on Margin Outlook, But Analysts Still Recommend Buying the Dip

Despite a drop in Micron Technology stock and a surprising margin outlook, analysts suggest that it is a good time to buy.