Latest news with #AutoTech
Associated Press
29-04-2025
- Automotive
- Associated Press
AutoTech Awards 2025 Shortlist Revealed: Celebrating Innovation and Leadership in Automotive Technology
Winners to be honored at AutoTech 2025 on June 3 in Novi, Michigan NOVI, MI, UNITED STATES, April 29, 2025 / / -- The wait is over: the AutoTech Awards 2025 shortlist has landed, and it's nothing short of electrifying. Recognizing the visionaries, game-changers, and bold breakthroughs shaping the future of mobility, this year's finalists set a new benchmark for innovation across the auto tech landscape. Returning as the must-attend opening event of AutoTech 2025, the AutoTech Awards will take center stage on June 3, 2025, at the Suburban Collection Showplace in Novi, Michigan. The evening will celebrate innovation, strategic collaboration, and leadership across the automotive technology ecosystem. 🏆 Winners will be announced live on the evening of June 3, in a high-energy ceremony that brings together pioneers from OEMs, Tier 1 suppliers, software innovators, and emerging disruptors. Curated by WardsAuto and Wards Intelligence, now part of Omdia, and guided by insight from leading experts and partners, this year's shortlist represents the cutting edge of innovation - celebrating not just tech excellence, but real progress in digital transformation, collaboration, and equity. This is more than recognition - it's a celebration of the people and technologies shaping tomorrow's roads, today. View the full shortlist and learn more at AutoTech Awards 2025 Shortlist: Collaborative Partnership of the Year • COVESA • OLEDWorks & Marelli • Tweddle & INAGO Automotive Tech Company of the Year • Hesai • Qualcomm • Lotlinx Automotive Experience Product or Solution • AiDEN • SoundHound AI • Lenovo Automotive Enabling Product or Solution • Lenovo Vehicle Computing • Sonatus • SDVerse Automotive Rising Star • Sharmishta Roy, Software Engineering Leader, Ford Motor Company • Nandita Mangal, Vehicle Feature Owner, Aptiv • Matt Jones, Executive Director, Ford Motor Company Leadership in Workplace Transformation (In Partnership with Women Automotive Network) • PERSICO GROUP • Martinrea International • LKQ Corporation Automotive Woman of the Year (In Partnership with Women Automotive Network) • Deanna Lorincz, Global Director of Communications, Martinrea International • Kelly Brown, Vice President - Global Prototypes & Pilot Operations, Stellantis • Maria Anhalt , CEO, Elektrobit OEM of the Year (Sponsored by Sonatus) • Toyota • Mazda • BYD Tier 1 Supplier of the Year (Sponsored by T-Mobile for Business) • NVIDIA • Continental • Mahle ABOUT AUTOTECH 2025 Rooted in the heart of the automotive industry and organized by Informa Connect, AutoTech has showcased the broad spectrum of automotive electronics and technology for a quarter century. Focused on connectivity and fostering collaboration, AutoTech introduces practical business strategies that deliver instant benefits and outlines future-ready plans to ensure attendees stay competitive in the market. Freya Smale | Director, Marketing WardsAuto | Informa Connect [email protected] Visit us on social media: LinkedIn X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Globe and Mail
14-03-2025
- Business
- Globe and Mail
1 Stand-Out Growth Stock to Buy Now for 80% Upside Potential
With a market cap of $105.7 billion, Micron Technology (MU) is a leading semiconductor company focused on memory and storage solutions. The company develops and manufactures DRAM, NAND flash, and high-bandwidth memory (HBM) solutions. These are used in data centers, artificial intelligence (AI), high-performance computing, smartphones and personal computers, and automotive applications. Micron's stock has gained 19.5%, outperforming the Nasdaq Composite Index's ($NASX) dip of 9% so far this year. Micron's leadership in HBM and DRAM positions the company well to capitalize on the growing demand for AI and data center applications. In the first quarter of fiscal 2025, which ended on Nov. 28, 2024, total revenue increased 84% year-over-year to $8.7 billion, driven by AI demand. Adjusted net income was $1.79 per share, up from a loss of $0.95 per share in the previous year. In the quarter, data center revenue accounted for more than 50% of total revenue. Management expects long-term demand growth in data centers, with NAND serving as a key enabler for AI workloads. Micron expects consumer-oriented markets to be under pressure in the near term. However, a recovery is expected in the second half of fiscal 2025. Management expects Q2 revenue of $7.9 billion (plus or minus $200 million). This would represent a 35.7% increase from the second quarter of fiscal 2024. The company also expects adjusted profits of $1.43 per share, compared to $0.42 per share in the year-ago quarter. Micron's cash, marketable investments, and restricted cash totaled $8.75 billion, with adjusted free cash flow of $112 million. As AI drives demand for advanced memory solutions, Micron's innovative product offerings are expected to play an important role in meeting these changing requirements. What Are Analysts Saying About Micron Stock? Recently, Wolfe Research analyst Chris Caso lowered the price target on MU stock from $175 to $150 while maintaining an ' Outperform' rating. This price reduction is due to Micron's lukewarm outlook, which was discussed at the Wolfe Auto, Auto Tech, and Semiconductor Conference. The company cited increased pricing pressure and unfavorable mix shifts as influencing its near-term outlook. However, management expects a recovery in the second half of its fiscal 2025, as inventory levels in PCs and smartphones improve. While short-term pricing headwinds persist in both DRAM and NAND, Caso expects a second-half recovery fueled by AI-driven consumer device demand. Despite near-term challenges, Caso rates Micron as one of his top semiconductor picks. Separately, Wells Fargo analyst Aaron Rakers reiterated his 'Buy' rating for Micron, citing strong growth prospects in high-bandwidth memory and data center demand. The company's growing HBM market share and upcoming product developments, including HBM4, strengthen its competitive position. Rakers believes there is a high risk, high-reward opportunity here. Overall, on Wall Street, Micron stock has earned a 'Strong Buy' rating. Out of the 29 analysts covering MU, 24 rate it a 'Strong Buy,' two rate it a 'Moderate Buy,' two recommend a 'Hold,' and one rates it a 'Strong Sell.' The average target price f or the stock is $128.25, which is 30% above current levels. Plus, its Street-high estimate of $175 implies upside potential of nearly 80% over the next 12 months. Analysts forecast fiscal 2025 sales to increase by 39.3% to $35 billion, followed by a 27.6% year-over-year increase in fiscal 206. Similarly, earnings could increase by 427.8% in fiscal 2025, followed by another 62.7% in fiscal 2026. Currently, Micron stock is trading at 3x forward sales and 13x forward earnings, which is cheap compared to peers in the semiconductor industry.
Yahoo
12-02-2025
- Business
- Yahoo
Micron Dips 2.2% After CFO's Margin Warning--Is This the Bottom for the Chipmaker?
Micron Technology (NASDAQ:MU) shares tumbled by 2.2% as of 12.09pm on Wednesday after CFO Mark Murphy reaffirmed the company's second-quarter outlook but warned of margin pressures ahead. Speaking at the Wolfe Research Auto, Auto Tech, and Semiconductor Conference, Murphy stated there would be no changes to the previously issued guidance, which forecasts adjusted earnings between $1.33 and $1.53 per share. However, he cautioned that third-quarter gross margins are expected to decline by several hundred basis points due to a shift in the company's customer mix and broader industry challenges. Warning! GuruFocus has detected 3 Warning Sign with MU. Micron's gross margin midpoint for the February quarter stands at 38.5%, already a slight dip from the prior quarter's 39.5%. Murphy noted that while consumer demand has exceeded expectations, it has been concentrated in lower-margin segments, putting additional pressure on overall profitability. Additionally, the company flagged ongoing "underutilization" in NAND production, though supply corrections are underway. Despite the near-term headwinds, Micron believes the May quarter could mark the bottom for margins, with industry conditions improving beyond that point. Murphy pointed to strengthening data center demand, better smartphone inventory levels, and ongoing reductions in NAND supply as factors that should gradually support pricing and profitability. While the company refrained from providing a longer-term forecast, investors will be watching closely to see if these tailwinds materialize in the latter half of the year. This article first appeared on GuruFocus.
Yahoo
12-02-2025
- Business
- Yahoo
Micron Dips 2.2% After CFO's Margin Warning--Is This the Bottom for the Chipmaker?
Micron Technology (NASDAQ:MU) shares tumbled by 2.2% as of 12.09pm on Wednesday after CFO Mark Murphy reaffirmed the company's second-quarter outlook but warned of margin pressures ahead. Speaking at the Wolfe Research Auto, Auto Tech, and Semiconductor Conference, Murphy stated there would be no changes to the previously issued guidance, which forecasts adjusted earnings between $1.33 and $1.53 per share. However, he cautioned that third-quarter gross margins are expected to decline by several hundred basis points due to a shift in the company's customer mix and broader industry challenges. Warning! GuruFocus has detected 3 Warning Sign with MU. Micron's gross margin midpoint for the February quarter stands at 38.5%, already a slight dip from the prior quarter's 39.5%. Murphy noted that while consumer demand has exceeded expectations, it has been concentrated in lower-margin segments, putting additional pressure on overall profitability. Additionally, the company flagged ongoing "underutilization" in NAND production, though supply corrections are underway. Despite the near-term headwinds, Micron believes the May quarter could mark the bottom for margins, with industry conditions improving beyond that point. Murphy pointed to strengthening data center demand, better smartphone inventory levels, and ongoing reductions in NAND supply as factors that should gradually support pricing and profitability. While the company refrained from providing a longer-term forecast, investors will be watching closely to see if these tailwinds materialize in the latter half of the year. This article first appeared on GuruFocus. Sign in to access your portfolio
