|Day Low/High||38.04 / 41.96|
|52 Wk Low/High||27.40 / 72.00|
The memory giant indicated November quarter sales would be below its preliminary outlook, and also says its August quarter will be more back-end loaded than originally expected.
A small trading position or bull call spread might be warranted, depending on support.
While many tech companies topped their Q2 sales and earnings estimates, some made it clear that they're not out of the woods yet.
MU's cloud integration and migration to the cloud remains a main business theme driving capital expenditure on the data center.
Chip companies are still signaling that notebook and cloud server demand remain strong, but often have more cautious remarks to share about auto and industrial demand.
The market itself may be ignoring the realities of its weakest players.
Market leadership may be lacking on Thursday despite rising trading volumes, plus an update on Apple, Microsoft, Mastercard, Amazon and Gilead.
China's COVID-19 outbreak weighed on both PC production and demand in Q1. But sales got a boost late in the quarter.
The charts of the maker of data storage devices are starting to send a few positive signals.
It's a paradigm shift that all started with Zoom and Cisco's Webex.
The technical signals for the maker of data storage equipment indicate the rebound in its stock is likely far from over.
Stimulus efforts could give a boost to 5G infrastructure spending, and usage spikes for many online services could drive higher cloud capex.
Chip equipment and memory stock particularly look more attractive now.
It's no secret that the Fed would like to get out of the short-term repo business.
Let's take a technical look at WDC.
How does one approach these markets? How does one interpret what they see before them?
It may not be too late to take part in the positive market action on semiconductor stocks, but be cautious. Here is how things stand.
Intel CPU shortages and the end of a business PC upgrade cycle are both likely to weigh on near-term PC demand.
Several Fed officials spoke on Thursday. The most important comments for folks to focus upon were made by Fed Vice Chair Richard Clarida. By far.
I am simply respectful of the power of hope melded with the strength of so many parts of technology and I want to buy, not sell, these stocks when they get hammered.
While chip stocks are now pricing in a lot of optimism, the latest headlines aren't exactly giving bulls cold feet.
Cloud demand trends, gaming GPU sales and Mellanox deal commentary are among the things to watch as Nvidia reports.
Though major chip suppliers shared both good and bad news in October, on the whole the positives outweighed the negatives.
Markets are watching what Fed Chair Powell will signal for future rate cuts during this afternoon's FOMC rate decision.
Do I want to buy equity here? I have enough exposure to the semis as whole right now.