
Micron Technology reported a record revenue of over $1 billion from its high-bandwidth memory (HBM) products in the recent fiscal second quarter. Despite this achievement, the company's shares experienced a notable decline, falling approximately 15% within hours after the earnings report, as analysts expressed concerns over memory chip pricing impacting profit margins. Jim Cramer commented positively on Micron's outlook, stating that 'Micron looks good,' while CEO Sanjay Mehrotra highlighted the record revenue. Analysts have since adjusted their price targets for Micron, with Rosenblatt maintaining a 'Buy' rating but lowering its price target to $200 from $250 due to anticipated pressure from DRAM supply amid rising AI demand. Other analysts also weighed in, with Jefferies reiterating a 'Buy' rating for Nike, maintaining a price target of $115, and various analysts providing updated ratings and price targets for NIO, with price targets ranging from $4.20 to $5.90.













ICYMI - .@Micron’s stock makes late-trading gains as AI memory chips drive solid jump in revenue https://t.co/TuSNMXQagb @SiliconANGLE @Mike_Wheatley “It sold over $1 billion worth of its HBM memory products in the quarter, which shows exactly where...” #Earnings https://t.co/tHlYsic53C
$NIO | 𝐍𝐈𝐎 (NIO): BofA Securities maintains 𝐍𝐞𝐮𝐭𝐫𝐚𝐥, trims 𝐏𝐓 𝐭𝐨 $𝟒.𝟗𝟎 (from $5.00); higher 𝟐𝟎𝟐𝟓 𝐯𝐨𝐥𝐮𝐦𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟𝐟𝐬𝐞𝐭 𝐛𝐲 𝐦𝐚𝐫𝐠𝐢𝐧 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞, 𝐡𝐢𝐠𝐡 𝐎𝐏𝐄𝐗. https://t.co/vJPpxEk57E https://t.co/6AmF77eMtW
$NIO | 𝐍𝐈𝐎 (NIO): Mizuho maintains 𝐍𝐞𝐮𝐭𝐫𝐚𝐥, 𝐥𝐨𝐰𝐞𝐫𝐬 𝐏𝐓 𝐭𝐨 $𝟒.𝟐𝟎 (from $5); cites 𝐰𝐞𝐚𝐤 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐢𝐞𝐬 𝐠𝐮𝐢𝐝𝐚𝐧𝐜𝐞 & 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐌𝐚𝐫𝐐 𝐬𝐨𝐟𝐭𝐧𝐞𝐬𝐬. https://t.co/2O8megdF3g https://t.co/SPFI84CDwi