Micron Stock Rises Despite Report Apple Is Testing China's CXMT Memory

Earnings
โดย GuruFocus·US·Read original
Summary · why it matters

Micron Technology shares gained roughly 1.8% Monday morning even as Barron's reported that Apple is testing memory from China's CXMT for devices sold in China. The testing does not constitute an order, and any deal would face U.S. government scrutiny. Micron's quarterly revenue reached $41.46 billion, up from $23.86 billion sequentially and $9.30 billion a year earlier, with data-center revenue exceeding $25 billion and operating cash flow hitting $25.39 billion. GuruFocus notes the stock trades at $872.10, more than double its GF Value estimate of $434.54.

Impact on stocks 2

Semiconductors▲ · 1 stocks
Micron Technology Inc
MU
▲ PositiveCapitalrelevance

Micron's strong quarterly revenue and cash flow, plus stock trading above GF Value, support positive sentiment.

Artificial Intelligence▲ · 1 stocks
Apple Inc.
AAPL
± MixedDemandrelevance

Apple is testing CXMT memory, but no order placed and U.S. scrutiny may block any deal.

Off-coverage companies 1

长鑫存储技术（ChangXin Memory Technologies / CXMT）Private▲ Positive
Demandrelevance

Apple testing CXMT memory signals potential demand, though no order yet and U.S. scrutiny looms.

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