|Day Low/High||68.93 / 70.38|
|52 Wk Low/High||27.40 / 71.76|
MU doesn't expect to be able to meet industry demand for either Dram or NAND memory through calendar year 2021.
Tech companies likely to see revenue growth inflect higher could continue doing well, as might relatively inexpensive ones that are poised to continue growing.
While chip stocks have outperformed in recent months, some still look intriguing as tech stocks in general sell off this week.
Everyone gets frightened. Everyone fears the water moccasin when hip deep in the swamp. Everyone fears what they cannot see, and what they do not understand.
Can we trust MU this time? Is it too late to hop on board?
Also, Salesforce posts successful quarter and announces Slack acquisition to effectively take on Microsoft.
While Intel stumbled, other major chip developers and manufacturers have been generally upbeat amid strong end-market demand. And M&A activity is on the upswing again.
The 'work from home' or 'economic lockdown' trade is close to being back on.
If you're in MRVL, you're here for the opportunity in 5G technology.
Plus, the equity markets suddenly are trading quite listlessly and Applied Materials surprises.
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.