Reported 11 days ago
Micron Technology exceeded Wall Street expectations in its fourth-quarter results and raised guidance for the next quarter, leading to a rally in chip markets. Analyst William Kerwin termed the results 'impressive' and noted that Micron is currently experiencing a 'cyclical upswing' in memory demand, expected to last through 2025. However, he cautioned that this growth may decelerate in the future, maintaining a target share price of $110 as the market sentiment adjusts.
Source: YAHOO