Ticker delayed 20 minutes
Avg Daily Volume: 27,490,854 Market Cap: 54.26B
Sector: Technology Short Interest: 3.37
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .49/share REV: 4,570/M
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LAST QTR: EPS: .79/share ACTUAL: 1.05/share (BEAT)
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NEXT QTR: EPS: .48/share REV: 4,710/M
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FULL YR: EPS: 6.24/share REV: 23,120/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 59% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 15.08, 10.16, -8.32
POTENTIAL JUMP MOVE: 10%
Links To Latest News and Headlines
Despite nearly $28 billion in subsidies flowing to chip companies, AI remains the industry’s kingmaker.
(Bloomberg) — The US plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalaysia in Talks With
The chipmaker will get a huge influx of cash from the CHIPS Act.
Biden administration announces $6.1 billion Chips Act grant for Boise-based semiconductor maker Micron.
On Thursday, Micron Technology, Inc (NASDAQ:MU) announced signing a non-binding Preliminary Memorandum of Terms (PMT) for $6.1 billion in funding under the CHIPS and Science Act. This funding will support Micron’s planned leading-edge memory manufacturing in Idaho and New York. The CHIPS and Science Act will allocate $6.1 billion in grants to aid Micron’s commitment to investing about $50 billion in gross capital expenditures for domestic leading-edge memory manufacturing through 2030. These gra
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