Here's what Micron's strong quarter and outlook can tell us about 8 of our portfolio stocks

What's good for memory chipmaker Micron Technology is good for stocks tied to data centers and AI-enabled consumer electronics — two tech trends with robust representation in the Club portfolio. Shares of Micron soared on Thursday following after-the-bell quarterly beats on earnings and revenue and rosy guidance. The Micron pop led to broad-based early strength in semiconductor stocks and other tech names.

Best Buy should see gains on both fronts as the place to shop for those devices. "The PC market is in the early stages of a transformation, and we expect a significant shift toward AI-driven functionalities that promise to enhance user experiences and productivity. AI PCs require a higher capacity of memory and storage." Mehrotra said. "Smartphone customer inventory dynamics are evolving in a manner somewhat similar to that of PC customers, the CEO added.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and moreThese are the stocks posting the largest moves in premarket trading.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Stocks making the biggest moves after hours: Micron Technology, H.B. Fuller and moreSee which stocks are posting big moves after the bell.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Stocks making the biggest moves premarket: Micron Technology, Starbucks, CarMax and moreThese are the stocks posting the largest moves in premarket trading.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Stocks making the biggest moves midday: Micron Technology, Super Micro Computer, Southwest Airlines and moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »