JUMP REPORT
MICRON TECHNOLOGIES (MU)
EARNINGS RELEASE - JUNE 29 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .77/share REV: 5,310/M
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LAST QTR: EPS: .37/share ACTUAL: .45/share (BEAT)
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NEXT QTR: EPS: .81/share REV: 5,470/M
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FULL YR: EPS: 2.51/Share REV: 20,750/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 %) 7.64, 4.24, -11.7
EXPECTED JUMP MOVE: 7-9%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
A good day for semiconductors included positive analyst notes and potential consolidation in the NAND industry.
You may have heard of ChatGPT, the artificial intelligence-powered Chatbot recently released to the public by start-up OpenAI. In the wake of ChatGPT’s release, college professors are now fearing the rise of AI-generated college essays, and software developers may fear the rise of ChatGPT’s AI-generated coding capabilities. Microsoft (NASDAQ: MSFT) had already invested $1 billion in OpenAI back in 2019, and the cloud giant is now reportedly in talks to invest another $10 billion into the company, so it obviously sees big promise in this new, advanced AI engine.
Micron (MU) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.
Silicon Motion could offer some stability and pays a healthy dividend, while major memory chipmakers deal with excess inventory.
Solid-state memory chip company Solidigm is putting $25 million into tenant improvements in its new research and development offices in Rancho Cordova.
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Avg Daily Volume: 443,239 Market Cap: 3.44B
Sector: Services Short Interest: 2.7
Ticker delayed 20 minutes
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by Team Stockjumpers