Worst now behind semiconductor stocks - Raymond James
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Micron Technology (MU) management comments have 'negative implications for all of semis' claims analyst
March 2, 2023 2:23 PM EST(Updated - March 2, 2023 2:24 PM EST)
Micron Technology (NASDAQ: MU) shares tumbled Thursday after the memory-chip maker's CFO said at a Susquehanna investor conference that it would reduce its headcount by 15% this year and cautioned that margins for the May quarter will likely be worse than expected, potentially leading to inventory writedowns.
In addition, management indicated that fiscal third-quarter revenue could be flat to down quarter-over-quarter.
"We continue to expect improving demand through the year, but pricing trends remain challenging," Micron Chief... More
Tesla CEO Elon Musk's comments 'bode well' for Nvidia - Citi
March 2, 2023 10:59 AM ESTCiti analyst Atif Malik told investors in a note on Thursday that Tesla (NASDAQ: TSLA) Chief Executive Elon Musk's comments in a Q&A session at its Investor Day "bode well" for NVIDIA (NASDAQ: NVDA).
The analyst, who has a Buy... More
Raymond James Starts Western Digital Corp. (WDC) at Outperform
March 1, 2023 4:16 PM ESTRaymond James analyst Srini Pajjuri initiates coverage on Western Digital Corp. (NASDAQ: WDC) with a Outperform rating and a price target of $46.00.
For an analyst ratings summary and ratings history on Western Digital Corp.... More
