Name of opportunity: 👀
Micron Technology Inc
The report that is getting people talking: 📝
The chipmaker’s Q4 earnings report included some details that have people flocking to buy its stocks. Micron’s revenue reached $7.75 billion in Q4 2024, which is a staggering 93% increase compared to the same period the year before, when the revenue was $4.01 billion in that quarter. Over the whole year, 2023’s revenue of $15.54 billion was knocked out of the water by 2024’s revenue of $25.11 billion.
The company’s profit has also vastly improved - from a loss of $1.43 billion in the fourth quarter a year ago to a profit of $887 million this Q4.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Micron Technology Inc. will increase from $112.47 to $161.60 in the next 12 months. If you invested $1000, you might profit $687.37.
One reason for this is the huge demand for Micron’s product. The memory chips are in high demand from data centres because systems that are running AI need computer parts that can keep up with this complex work. Micron offers high performance solid state drives and high-bandwidth memory chips that artificial intelligence servers need. Nvidia’s graphic processing units, for example, rely on Micron memory chips.
Another reason the stock is predicted to go so much higher in price is because it recently dipped, after the future outlook shared in its Q3 earnings report had investors and analysts feeling worried. Micron seems to have soothed their fears with the Q4 report!
High tech: 🖥️
Micron Technology, Inc. is a provider of memory and storage solutions. The company offers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. Founded in 1978, this American company is headquartered in Idaho, US.
Which neme?: 🔍
Search ‘Microchips’, ‘Gaming’ or ‘US Election: Impacted Stocks’
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