Wellington Altus USA Inc. Buys 1,762 Shares of Micron Technology, Inc. $MU
Intel said memory production capacity is very limited, while Micron reported $41.46 billion in fiscal third-quarter revenue and 84.6% gross margin.
- On Thursday, Sept. 17, Micron Technology stock rose 5.5% after Intel CEO Lip-Bu Tan warned that "memory production capacity is very limited and that" the situation will worsen next year.
- Demand for HBM drives Micron's meteoric rise, as the company remains one of three manufacturers alongside Samsung and Hynix producing chips for artificial intelligence infrastructure.
- Revenue in the first three quarters of fiscal 2026 reached $79 billion, up 203%, while the company reported an 84.6% GAAP gross margin last quarter.
- Since April 2025, the stock has risen 15-fold, though a 22% pullback since June creates uncertainty heading into the Sept. 30 earnings report.
- Analysts believe Micron operates in a supercycle, yet the company's history shows two declines exceeding 80% when supply exceeds demand, presenting significant long-term risk.
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Wellington Altus USA Inc. Buys 1,762 Shares of Micron Technology, Inc. $MU
Wellington Altus USA Inc. grew its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 497.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,116 shares of the semiconductor manufacturer'
Micron And The Memory Bottleneck (NASDAQ:MU)
Summary Micron Technology, Inc. is a core beneficiary of the AI infrastructure boom, uniquely positioned as the only major American DRAM and HBM supplier. MU's transition from commodity DRAM to engineered, capacity-constrained High Bandwidth Memory has shifted its business model and…
Micron Technology (NASDAQ:MU) Stock Price Up 5.5% – Here’s Why
Shares of Micron Technology, Inc. (NASDAQ:MU – Get Free Report) rose 5.5% during mid-day trading on Thursday . The stock traded as high as $986.20 and last traded at $977.50. 21,692,282 shares changed hands during trading, a decline of 49% from the average daily volume of 42,748,305 shares. The stock had previously closed at $926.55. […]
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