Thursday's Hot Stocks: Micron, Meta, and More


Memory supplier Micron Technologies (MU) will obliterate the market’s worries about the artificial intelligence market today. Last night, MU stock gained nearly 15% after posting strong Q4 results and issuing strong guidance for the current quarter. It is also paying a $0.115 dividend.

Micron reported revenue of $7.75 billion (+93.3% Y/Y). In Q1/2025, it expects revenue of up to $8.7 billion and a diluted earnings per share of $1.54. Analysts who guessed that Micron would disappoint markets made a wrong call. Expect them to raise their forecast and increase their price target.

Watch storage suppliers today. Seagate (STX) and Western Digital (WDC) will rise alongside MU stock.

In the augmented reality (previously known as metaverse), Meta Platforms (META) unveiled the Orion AR glasses. Only staff and researchers will have access to this prototype. The Meta Quest 3s is the winning product release. The price will start at just $299.99. The existing Meta Quest 3, which has a better screen resolution, will have 512GB of storage. The firm cut prices by $150 to $499.99.

The open-source AI offering is a step in the right direction. Llama 3.2 will have small and medium-sized vision LLMs. It will fit onto edge and mobile devices.



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