CXMT Corporation, parent of Chinese memory chip giant ChangXin Memory Technologies (CXMT), aims to raise 29.5 billion yuan (US$4.2 billion) from an initial public offering in Shanghai to fund technology upgrades, as Beijing presses ahead with its drive for tech self-reliance amid geopolitical tensions. The Shanghai Stock Exchange received CXMT’s application for a listing on…
US software company SAS Institute has withdrawn from mainland China and dismissed its local staff, according to a Beijing-based employee affected by the move, as the analytics specialist ended more than two decades of operations amid intense domestic competition and geopolitical tensions. The company on Thursday announced the lay-offs via an email and hosted a…
Micron Technology plans to stop supplying server memory chips to data centres in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, according to two people briefed on the decision. Since then, both Nvidia and Intel have similarly fielded accusations from Chinese authorities and an…
Micron Technology, Inc. (NASDAQ:MU) is one of the AI Stocks Every Investor Should Watch. On September 24, Barclays analyst Tom O’Malley raised the price target on the stock to $195.00 (from $175.00) while maintaining an Overweight rating. The rating affirmation follows Micron’s Q4 2025 earnings report. The company reported better-than-expected earnings and revenue as well as…
Micron Technology (MU) reported fourth-quarter fiscal 2025 earnings of $3.03 per share, beating the Zacks Consensus Estimate by 5.9%. The company’s fourth-quarter earnings jumped 156.8% year over year from the year-ago quarter’s earnings of $1.18 per share. Micron’s revenues increased 46% year over year to $11.32 billion and beat the Zacks Consensus Estimate by 1.2%….
Micron Technology, Inc. (NASDAQ:MU) is one of the Best Undervalued Stocks to Invest in According to Reddit. On September 18, Wedbush lifted the price target on the company’s stock to $200 from $165, while maintaining an “Outperform” rating. The firm’s new price target reflects a strong upside from the company’s current trading level. It demonstrates…
US stocks rose before the bell on Wednesday, eyeing a return to their record-setting rally as Alibaba’s (BABA) spending plans and Micron Technology’s (MU) results lifted AI prospects. Nasdaq 100 futures (NQ=F) moved up roughly 0.3%, while those on the S&P 500 (ES=F) nudged 0.2% higher. Contracts on the Dow Jones Industrial Average (YM=F), which…
Memory chipmaker Micron Technology (MU) reported fiscal fourth quarter results after the bell on Tuesday that topped Wall Street estimates. Micron posted revenue of $11.3bn (£8.38bn) for the quarter, ahead of the $11.15 billion expected by analysts polled by Bloomberg. Adjusted earnings per share of $3.03 also beat forecasts of $2.84. The company’s guidance for…
We recently published 10 Stocks Jim Cramer Discussed As He Warned About Big Risk To Big Tech. Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer recently discussed. Memory manufacturer Micron Technology, Inc. (NASDAQ:MU)’s shares have gained 42% year-to-date primarily due to investor bullishness surrounding AI. The firm has benefited since it is…
US chipmaker Micron Technology has started a new round of lay-offs that is expected to shed hundreds of jobs in mainland China, as part of the company’s global retreat from the lacklustre mobile NAND memory market. Micron – with offices in Shanghai, Shenzhen and Xian, capital of northwestern Shaanxi province – said “continued weakness in…