Episode 68: Micron Confirms the PC and Smartphone Market Growth Is Back, 1 Memory Chip Stock We Like More (SIMO)

Micron Technology (MU) provided an update to its current quarter’s financial guidance, indicating that growth in the PC and smartphone market is making a comeback after over a year of a terrible downturn. Micron’s expected rise in sales could bode well for this large part of the chip industry. However, Micron is still operating deep in the red, and the stock price rally this year is pricing in much of the 2024 expected recovery. Chip Stock Investor discusses one memory chip stock they like even better than Micron right now: Silicon Motion Technology (SIMO), a leader in flash memory controllers that recently had a falling out with its merger with MaxLinear (MXL). In this video, Nick and Kasey discuss investing in SiliconMotion, risks they expect could undermine the company’s future returns, but why they like it better than Micron stock right now. See below for more on our coverage of Micron, SiliconMotion, and what happened to its terminated merger with MaxLinear. If you feel like leaving us a tip you can do so at : https://ko-fi.com/chipstockinvestor Thanks for the support! Watch Next: https://youtu.be/lWp3muH5XaQ https://youtu.be/c2XPlli4HHU https://youtu.be/gCkBstemmow History of SiliconMotion and MaxLinear Merger: https://youtu.be/xj5o4xcJnJE https://youtu.be/9NldGG5dGuI We use data, charts, and KPI's from our friends at Main Street Data. If you would like to check it out and subscribe to a premium membership here is a link that will get you 10% off👇 https://mainstreetdata.com/subscription?via=chipstockinvestor If you're serious about investing, then Seeking Alpha Premium is a great way to supplement what you learn on our channel. It gives you the tools and resources you need to make better investment decisions and win in the stock market. Sign up for Seeking Alpha Premium today and get a special discount through our link: https://seekingalpha.me/ChipStockInvestor Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. #Micron #SiliconMotion #memorychips #dram #semiconductors #cloudcomputing #chips #investing #stocks #finance #financeeducation #silicon #artificialintelligence #ai #financeeducation #chipstocks #finance #stocks #investing #investor #financeeducation #stockmarket #chipstockinvestor #fablesschipdesign #chipmanufacturing #semiconductormanufacturing #semiconductorstocks Nick and Kasey own shares of Micron and SiliconMotion.