Micron Technology (#MICRON) weekly special report based on 1 Lot Calculation:
SEMICONDUCTOR INDUSTRY
- MARKET POTENTIAL: The global semiconductor market was valued at approximately $466.32 billion in 2022 and is projected to grow to around $908.92 billion by 2030, representing a remarkable increase of about 95% over the period. This growth reflects the rising demand for chips in various applications, including artificial intelligence, Internet of Things (IoT), and 5G technology.
- GROWTH DRIVERS: The semiconductor industry is expected to witness a compounded annual growth rate (CAGR) of 13.5% through 2030. Key factors driving this growth include the proliferation of connected devices, advancements in technology, and increasing data consumption across sectors.
- US SEMICONDUCTOR MARKET: The U.S. semiconductor industry, a key player globally, accounted for approximately 48% of the global market in 2023, underscoring its importance and dominance in technological innovation.
MICRON: THE COMPANY
- MICRON IS A LEADING GLOBAL PROVIDER OF MEMORY AND STORAGE SOLUTIONS: Micron specializes in the production of dynamic random-access memory (DRAM) and NAND flash memory, which are crucial for various applications, including smartphones, computers, and servers. As technology continues to evolve, the demand for high-performance memory products is expected to grow significantly.
- MARKET SHARE: Micron holds a significant market share in the DRAM and NAND flash memory segments, accounting for about 25% and 20% of the global market, respectively. This strong market position underscores Micron's capability to leverage growth opportunities within the expanding semiconductor industry.
MICRON: INNOVATION AND PARTNERSHIPS
- INNOVATION AND RESEARCH: Micron invests heavily in research and development, with approximately 7-8% of its annual revenue allocated to R&D. This commitment to innovation positions Micron at the forefront of emerging technologies such as AI, autonomous vehicles, and advanced computing.
- STRATEGIC PARTNERSHIPS: Micron has established strong partnerships with major technology firms, including Apple, AMD, Intel and Amazon. These collaborations enable Micron to deliver memory solutions that meet the growing demands of cloud computing, artificial intelligence, and data centers.
- SUSTAINABILITY INITIATIVES (ESG): Micron is committed to sustainability, aiming to achieve net-zero greenhouse gas emissions by 2050. The company has implemented initiatives to reduce water usage and waste, making it an attractive choice for environmentally-conscious investors.
MICRON: NEWS AND EVENTS
- NEWS (TUESDAY, SEPTEMBER 17): MICRON TECHNOLOGY ANNOUNCES P310 2280 GEN4 SSD. Micron's new Crucial P310 2280 Gen4 SSD is twice as fast as Gen3 SSDs and offers up to 2TB storage. It boosts performance for gamers, creatives, and students with speeds of 7,100 MB/s (read) and 6,000 MB/s (write). It’s power-efficient, easy to install, and compatible with older devices. A version for PlayStation 5 and gaming PCs is coming soon.
- EVENT (WEDNESDAY, SEPTEMBER 25 - AFTERMARKET): Q4 EARNINGS REPORT. Micron reported $7.75 billion in revenue, beating the estimates of $7.64B for their fiscal Q4 of 2024. This is an increase of 93.3% from the same period last year. In addition, the company also beat expectations on EPS ($1.18 vs $1.13 expected). This strong earnings reflects continued high demand for HBM, pushing gross margin to 35.3% (previous 26.9%).
MICRON: PRICE ACTION
- THE STOCK HAS TRADED AROUND 29% BELOW ITS ALL-TIME HIGH OF $153.45 (June 18, 2024). Micron was last trading around $109, and if a full recovery follows recent all-time highs, the stock could see an upside of around 41%. However, the price could decline further.
- ANALYSTS OPINIONS: Rosenblatt Securities forecast $250. JPMorgan forecasts $180. Wells Fargo forecasts $175.
#Micron, September 27, 2024
Current Price: 109
|
Micron |
Weekly |
|
Trend direction |
|
|
200 |
|
|
150 |
|
|
122 |
|
|
100 |
|
|
95 |
|
|
90 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Micron |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
91,000.00 |
41,000.00 |
13,000.00 |
-9,000.00 |
-14,000.00 |
-19,000.00 |
|
Profit or loss in €2 |
81,682.11 |
36,801.83 |
11,668.87 |
-8,078.45 |
-12,566.48 |
-17,054.51 |
|
Profit or loss in £2 |
68,046.54 |
30,658.33 |
9,720.93 |
-6,729.88 |
-10,468.70 |
-14,207.52 |
|
Profit or loss in C$2 |
122,701.67 |
55,283.17 |
17,528.81 |
-12,135.33 |
-18,877.18 |
-25,619.03 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 10:10 (GMT+1) 27/09/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.