Nasdaq Rises on Semiconductor Enthusiasm Led by Nvidia and Oracle
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: NASDAQ.COM
- Strong Market Performance: The S&P 500 rose 0.64% to 6,876.49, reflecting optimistic sentiment during the holiday week, particularly driven by technology stocks, indicating a positive outlook among investors.
- Semiconductor Sector Recovery: Stocks of chip and AI leaders like Nvidia, Micron, and Oracle advanced, showcasing renewed enthusiasm for the semiconductor industry, which further solidified the growth foundation of the Nasdaq Composite.
- Controlled Volatility: Despite a cautious market opening during the holiday week, the tendency of investors to maintain existing positions rather than chase new investments, due to thinning liquidity, helped stabilize market sentiment.
- Active Capital Deployment: Coinbase's move into prediction markets and the $7.4 billion acquisition of Janus Henderson demonstrate that capital is still being actively deployed late in the year, boosting market confidence, while investors will closely watch upcoming economic data to gauge market direction.
MU
$276.59+Infinity%1D
Analyst Views on MU
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 228.21 USD with a low forecast of 170.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
29 Analyst Rating
26 Buy
3 Hold
0 Sell
Strong Buy
Current: 265.920
Low
170.00
Averages
228.21
High
325.00
Current: 265.920
Low
170.00
Averages
228.21
High
325.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). CNBU segment includes memory products and solutions sold into the data center, PC, graphics, and networking markets. MBU segment includes memory and storage products sold into the smartphone and other mobile-device markets. EBU segment includes memory and storage products and solutions sold into the intelligent edge through the automotive, industrial, and consumer embedded markets. SBU segment includes SSDs and component-level storage solutions sold into the data center, PC, and consumer markets.
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.
