April 4, 2014 1:19 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of Micron (NASDAQ: MU) have been volatile after the company released second quarter earnings. Share are trading at the lower end of the range created in Thursday's after-hours trading.Multiple analyst have released notes and thoughts on the quarter. Below are some of the highlights.Wells Fargo, who remains bearish on Micron, believes “NAND trade gross margin could fall in May.” Investors “may be overestimating the near-term earnings potential of the company.”Nomura analyst expects DRAM business to bottom in the third quarter, “as industry supply normalizes and demand reaches a seasonal trough.”“What's interesting is that despite Hynix' Wuxi fab coming online and a seasonally slow demand environment,” said Raymond James. The firm sees “numerous catalysts for margin expansion in August including qualification of the Singapore NAND in higher margin products like SSDs.”Stifel “continues to see the collective memory market as becoming rational, and Micro management as focused on optimizing the value of its memory products.”Shares are down 1.7 percent to $23.58, which is slightly less of a loss compared to the NASDAQ, down 1.9 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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