Memory chip maker Micron reported better than expected earnings after the close Monday boosted by data-center sales growing over 70% year over year from cloud demand and the resurgence of enterprise IT investment. Strong DRAM bit shipments for the cloud, graphics, PC and notebook, 5G and automotive markets continued. Micron DRAM memory density Micron Technology, Inc. NASDAQ: MU Reported Earnings After Close Monday $2.16 Beat $2.10 EPS Forecast and $7.69 Beat $7.68 billion forecast in revenue Earnings Q1 2022 results … Continue reading “Micron Earnings Boosted by Data Center Sales and DRAM Shipments for the Cloud.”
Micron Earnings Beat on DRAM Bit Shipments But Lowers Guidance on Chip and China Headwinds
Memory chip maker Micron reported better than expected earnings after the close Tuesday but lowered guidance sending $MU 4% lower. Strong DRAM bit shipments for the cloud, graphics, PC and notebook, 5G and automotive markets was anticipated.
Micron Earnings Higher From DRAM and NAND Memory Chips, To Invest about $9 billion in Capex in 2021
Memory chip maker Micron reported stronger earnings after the close Wednesday. Both business lines, DRAM and NAND memory chips exceeded forecasts. $AMD has been trying to recover from near their six months lows with the technology selloff.
Micron Earnings Hit By Huawei Ban But Beats Lowered Expectations
Memory chip maker Micron reported better than experted earnings and revenues after the close Tuesday. $MU had scaled back its forecasts on DRAM and NAND memory chips. Last week JP Morgan slashed its price target on the chipmaker due to Huawei ban.
Huawei CFO Arrested in Canada For Iran Sanction Violations
The CFO of Chinese telecommunications giant Huawei Technologies Meng Wanzhou has been arrested by Canadian authorities with an extradition request from the U.S. over Iran sanctions violations. Meng is also daughter of company founder Ren Zhengfei.
Samsung AI Chips To Outperform Apple and Huawei
South Korea’s Samsung Electronics are near completion of neural processing units, or “AI chips,” for servers and mobile phones artificial intelligence software. Sources say Samsung will outdo Apple and Huawei phones by H2.