Micron Technology, Inc. MU
NASDAQ · United States · Electronic Technology
$1,065.11+0.03 (0.00%)
Market closed· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Technology firms led gains on a mixed day for Asian stocks Thursday as traders welcomed positive earnings from chip giant Micron.Both main contracts rose more than one percent Thursday, extending the previous day's gains.
Investing.com-- Bitcoin rose on Thursday, extending gains after logging bumper gains in the third quarter as optimism over friendlier U.S. regulations sparked a sustained wave of bargain buying.
MU, NVDA and GOOGL remain key Tech growth drivers as S&P 500 Q3 earnings are projected to rise 24.1% on 11.6% higher revenue.
The three chipmakers with a full year of history past $1 trillion all kept climbing. Can AMD?
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Zacks expects profits to rise 24.1% year over year, with 14 of 16 sectors forecast to post gains.
S&P 500 and Nasdaq-100 futures rose slightly as global borrowing and inflation figures kept rate pressures in focus.
Dow and S&P 500 futures edged higher as investors weighed rising Treasury yields and awaited the Fed’s preferred inflation gauge.
Crude prices climbed and the 10-year yield reached a level last seen in 2007, ahead of jobs and inflation reports and Micron earnings.
U.S. labor indicators arrive through Friday, while August inflation figures and Micron's quarterly report are due midweek.
He sees a coming memory-chip glut and says five companies outside AI have fallen to attractive prices.
Chipmakers and Meta lifted the Nasdaq to a record close, while oil, Iran diplomacy and a coming U.S.-China summit kept investors cautious.
Record memory sales and long-term customer deals strengthen the case for Micron, but investors face a key test on September 30.
The S&P 500’s valuation is near dot-com-era levels, while nearly seven decades of returns support patience over panic.