3 Stocks Trading at a Steep Discount in December 2024

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Micron Technology Inc News

Docusign Inc,Clear Secure Inc

Stocks Analysis by The Tokenist (Timothy Fries) covering: Micron Technology Inc, DocuSign Inc, Clear Secure Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com

at the right time. For investors with medium to long time preference, these stocks have solid potential to return substantial profits.

In Q3 2024 earnings, this was reflected in the growth of active Clear Plus members to 7.2 million, up 12.2% from the previous quarter. More importantly, the service retention remained strong at 89%, up 1% from the year-ago quarter. Clear Secure’s revenue also showed strong fundamentals at 23.7% year-over-year growth to $198.4 million, alongside bookings increase by 18.7%.

As the beneficiary of the AI boom, Idaho-based Micron secured $6.1 billion in funding and up to $7.5 billion in favorable loans under the umbrella of the CHIPS and Science Act. Although Micron doesn’t produce AI chips like Nvidia , its storage and memory solutions, from SSDs to DRAM, are indispensable in computing across desktop, mobile, smart home, data centers and high-performance computing for training AI models.) and SK Hynix, these companies cover nearly all the world’s memory needs.

For documents that require stricter verification layers, DocuSign charges additional transaction fees, on top of the subscription. The company has 1.6 million paid subscribers, having increased subscription revenue by 7% year-over-year to $717.4 million in the last quarter ending July.

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