Savvy Finance Talks
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Micron’s Record Quarter and AI Opportunity: Hold for Growth Amid Rising Risks
Analyst consensus sets Micron’s 12-month target price around $197, driven by AI-fueled chip demand, strong quarterly performance, and bullish growth forecasts; major brokerage targets now range up to $220, reflecting industry leadership in memory solutions. Fundamental valuation models (such as discounted cash flow and fair value based on long-term earnings growth) suggest a much lower
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Interest Rates Highest in 22 Years
Fed has nudged the rates higher by another 25bps from 5.25% to 5.50%. Despite the easing inflation the Fed has raised the rates the highest in the history of 22years. Fed Chair Jerome Powell says will take data driven decisions on a meeting to meeting basis.
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Q2 Earnings Season
Summary:– The first half of 2023 has witnessed huge advances in the global market indices, driven by a few key large tech companies, despite an economic downturn and rising interest rates.– Q2 earnings by reports by Morgan Stanley, Bank of America– Indices mixed trade: S&P up 0.33%, Dow up 1.02% & Nasdaq is down by
Adithi Pai 