Apple's Earnings Call Signals Positive Outlook for Micron
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy C?
Source: Fool
- Surging Memory Demand: During Apple's earnings call, CEO Tim Cook highlighted the strong demand for memory, placing Apple in a 'supply chase mode', indicating a sustained increase in memory chip demand that could drive prices up and impact industry profits.
- Micron's Market Share Growth: Citigroup estimates that Micron currently supplies about 30% of the DRAM and NAND chips for Apple's iPhone 17, which, while slightly lower than Samsung and SK Hynix, positions Micron favorably amidst the ongoing memory shortage.
- Apple's Strategic Response: Cook mentioned that Apple has 'different levers to push', suggesting that the company may strike advantageous long-term contracts with Micron to address memory supply constraints, potentially leading to significant revenue for Micron.
- Optimistic Market Outlook: Despite Micron's forward P/E ratio being only 13.1 and its stock price having surged approximately 380% over the past year, analysts' price targets remain below the current share price, reflecting cautious sentiment; however, the dynamics of the memory market may continue to support Micron's strong performance.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 124.100
Low
87.00
Averages
131.00
High
150.00
Current: 124.100
Low
87.00
Averages
131.00
High
150.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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