Savvy Advisors Inc. significantly increased its stake in Micron Technology, Inc. by 532.7% in Q3, owning 17,683 shares valued at approximately $2.96 million. This move comes amidst positive catalysts for Micron, including high-volume production of HBM4 memory, a strong quarterly earnings beat, and multiple analyst price target raises. However, competitive risks are noted due to Samsung’s claim of mass production and commercial shipments of HBM4, which could impact Micron’s pricing and market share.
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Savvy Advisors Inc. Grows Position in Micron Technology, Inc. $MU
Savvy Advisors Inc. significantly increased its stake in Micron Technology, Inc. by 532.7% in Q3, owning 17,683 shares valued at approximately $2.96 million. This move comes amidst positive catalysts for Micron, including high-volume production of HBM4 memory, a strong quarterly earnings beat, and multiple analyst price target raises. However, competitive risks are noted due to Samsung’s claim of mass production and commercial shipments of HBM4, which could impact Micron’s pricing and market share.