The U.S. stock market witnessed a strong run in the first quarter of 2024, but uncertainty looms as investors await interest rate cuts and anticipate the upcoming U.S. elections.
Bolton noted that Micron's HBM3E memory solution generated revenue in the fiscal second quarter and has already sold out for calendar year 2024.He highlighted management's commentary about generating several hundred million dollars of revenue from HBM3E in fiscal 2024 and driving fiscal 2025 revenue to record highs. Additionally, the analyst expects Micron's gross margins to increase through fiscal 2024 and into fiscal 2025, driven by favorable pricing and product mix.
Bolton ranks No. 17 among more than 8,700 analysts tracked by TipRanks. His ratings have been profitable 66% of the time, with each delivering an average return of 30.7%. ," said Drbul. In contrast to industry expectations that the InfiniBand networking communication standard would dominate the market, Rolland noted, Broadcom's management continues to be confident about Ethernet over InfiniBand. The company is optimistic about the ability of its Ethernet products to compete in AI applications.
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