Micron Technology (MU) announced a partnership with Samsung (005930.KS) to use Micron's memory cards in the Galaxy S24 smartphone line, enabling enhanced AI capabilities on devices. Zoom Video (ZM) stock rose after the company reported better-than-expected fourth-quarter results. Zoom also announced a $1.5 billion share buyback program, pointing to optimism about future growth prospects. AutoZone (AZO) shares gained ground following strong second-quarter results driven by DIY auto parts sales. Earnings exceeded expectations as consumers spent more on maintaining and repairing older vehicles themselves amid inflationary pressures. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Shares of Micron Technology (MU) rose Monday afternoon following the company's announcement that it will increase production of its HBM3E (High Bandwidth Memory 3E) chips. These chips will be used in Nvidia's (NVDA) semiconductors designed for artificial intelligence capabilities. Micron expects to begin shipments of these high-performance memory chips in the second quarter of 2024. Yahoo Finance's Julie Hyman and Josh Lipton break down the details of this trending ticker. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Micron (MU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.