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Here’s Why Micron Technology Stock Jumped Today

What happened

Shares of Micron Technology (NASDAQ:MU) were trading 6.2% higher by 11:50 a.m. EST, boosted by a fresh set of guidance targets for the first quarter of fiscal year 2021. The memory chip giant’s stock had risen as much as 7.1% in earlier trading.

So what

The midpoint of Micron’s revenue guidance was boosted from $5.2 billion to $5.73 billion. Gross margins are turning out to be wider than expected. Micron’s adjusted first-quarter earnings are now seen landing near $0.71 per share, up from $0.47 per share. Analyst estimates were roughly in line with Micron’s guidance midpoints.

The new guidance figures work out to a 48% year-over-year earnings boost and revenue growth of approximately 12%.

A large number of arrows pointing upward, rendered on top of a circuit board in shades of blue.

Image source: Getty Images.

Now what

Micron’s surprisingly strong results rested mostly on huge demand from data center customers. This way, Micron taps into the rising demand for cloud-based services amid the

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Here’s what a Biden presidency spells for stocks, bonds and commodities

After days on tenterhooks, investors now have clarity about the next occupant of the White House and will start planning for the presidency of Joe Biden.

On Saturday, Biden was projected the winner by the Associated Press. The 77-year-old Democrat beat Trump in Pennsylvania and other key states, propelling him to victory over incumbent President Donald Trump.

The projections for victory for the former vice president come amid the heavy toll of the COVID-19 pandemic that had framed much of the race.

Here’s what the changing political landscape means for investors across Wall Street.

Stocks

Regardless of the victory in the 2020 elections, analysts said a declared winner and thus less election uncertainty paves the way for even higher U.S. stock prices, even with the President Trump’s campaign, as recently as Saturday morning, stating his intent to challenge the election results in several battleground states.

Also, many investors had

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AI technology will soon replace error-prone humans all over the world – but here’s why it could set us all free

Getty Images
Getty Images

It has been oft-quoted – albeit humouredly – that the ideal of medicine is the elimination of the physician. The emergence and encroachment of artificial intelligence (AI) on the field of medicine, however, puts an inconvenient truth on the aforementioned witticism. Over the span of their professional lives, a pathologist may review 100,000 specimens, a radiologist more so; AI can perform this undertaking in days rather than decades.

Visualise your last trip to an NHS hospital, the experience was either one of romanticism or repudiation: the hustle and bustle in the corridors, or the agonising waiting time in A&E; the empathic human touch, or the dissatisfaction of a rushed consultation; a seamless referral or delays and cancellations.

Contrary to this, our experience of hospitals in the future will be slick and uniform; the human touch all but erased and cleansed, in favour of complete and utter digitalisation. Envisage

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