Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
5 Articles
5 Articles
US-based Micron posted an earnings surprise in the fourth quarter, with operating profit increasing by 1,097% driven by a surge in demand for AI memory. As prices for general-purpose DRAM and NAND flash continue to rise and supply shortages persist, Samsung Electronics and SK Hynix are also expected to achieve record-high earnings. However, future market outlooks remain mixed due to concerns regarding the sustainability of the long-term boom in …
SanDisk (SNDK) Stock Rises After Micron’s Strong NAND Results
TLDR SanDisk stock rose more than 1% Thursday premarket as memory pricing and AI storage demand stayed strong. Micron’s quarterly results showed NAND revenue up 42% sequentially, with prices rising about 30%. Citi reiterated a Buy rating on SanDisk with a $2,100 price target after Micron’s report....
SanDisk Stock After Micron's $14.1B NAND Quarter
Micron reported a record $14.1 billion of NAND revenue after Wednesday's close, and the figure that matters for SanDisk stock is the slope underneath it. NAND rose 42% sequentially in Micron's fiscal fourth quarter, against 99% the quarter before, with prices up about 30% after a mid-80s percentage jump in Q3. Everything SanDisk sells is built on NAND flash, and Micron's print is the first detailed read on NAND pricing each quarter. That is why …
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