Micron CEO Says Demand From Data Center Customers Continues To Be Strong, And Customer Inventory Levels Are Healthy, Expect Healthier Inventories At PC OEMs By Spring 2025; Says Smartphone Unit Volumes On Track To Grow In The Low To Mid-Single-Digit Percentage Range In Calendar 2024
Portfolio Pulse from Benzinga Newsdesk
Micron's CEO reports strong demand from data center customers and healthy inventory levels. PC OEM inventories are expected to improve by Spring 2025, and smartphone unit volumes are projected to grow in low to mid-single digits in 2024.
September 25, 2024 | 8:53 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Micron's CEO highlights strong demand from data centers and healthy customer inventories. PC OEM inventories are expected to improve by Spring 2025, and smartphone volumes are set to grow in 2024.
The strong demand from data centers and healthy inventory levels suggest a positive outlook for Micron's revenue. The expected improvement in PC OEM inventories and growth in smartphone volumes further support a positive short-term impact on Micron's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100