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Technology News

Nordic Technology Group Reports Full Year 2023 Earnings

Nordic Technology Group (OB:NTG) Full Year 2023 Results

Key Financial Results

  • Net loss: kr139.3m (loss narrowed by 36% from FY 2022).
earnings-and-revenue-history
OB:NTG Earnings and Revenue History March 5th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nordic Technology Group shares are up 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we’ve spotted 3 warning signs for Nordic Technology Group you should be aware of, and 1 of them shouldn’t be ignored.

Valuation is complex, but we’re helping make it simple.

Find out whether Nordic Technology Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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Technology News

Micron Technology Poised for Growth On Strong AI Demand As Industry Enters The Most Significant Memory Cycle: Analyst

Rosenblatt analyst Hans Mosesmann reinstated Micron Technology Inc (NASDAQ:MU) with a Buy and a $140 price target.

The analyst expects Micron to deliver a beat and increase on Wednesday, March 20, on AI-driven segment demand, a bottoming in the broader markets (recovery in the second half of calendar year 2024) amid the industry’s disciplined supply memory posture.

As the industry enters the most significant memory cycle, the setup is a narrative that will be fed this week at Nvidia Corp’s (NASDAQ:NVDA) GPU Technology Conference (GTC), given that AI compute platforms cannot scale without DRAM content and high-performance HBM, he said.

Also Read: Samsung Takes Steps To Revamp Chip Manufacturing To Align With Nvidia’s AI Requirements: Report (UPDATED)

One of the more critical Micron-specific themes to watch is the company’s design momentum in HBM3E on performance and efficiency specifications unmatched by competitors, which he noted leading to double-digit market share.

Interestingly, Mosesmann noted the company’s HBM3E is capturing “sockets” exclusive to this round of new accelerator product ramps.

Micron remains the analyst’s top cyclical pick in the current memory cycle, which he noted will be one of the biggest in history, consistent with his Mother of All Cycles (MOAC) secular view.

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Technology News

Cumberland businesses use digital technology for growth

Emma Hind, who manages Castle Guards Farm Luxury Glamping Retreat has been growing her business with 4G.

She said: “With the use of 4G technology, we can drive a host of administrative tasks, maximize our online footprint and confidently offer visitors the ability to access online services during their stay”.

This reflects the growing trend where 95 per cent of homes and businesses in the county are now connected to superfast broadband speeds of above 30Mbps, with over 46 per cent having gigabit speeds.

Mobile connectivity is on the rise as well, with current outdoor 4G geographic coverage levels standing at above 90 per cent.

Cumberland councilor Chris Southward said: “It is great to see so many businesses using these services to support what they do and as a council we continue to strive to support the further improvements which continue to happen across our county.”

The region’s Project Gigabit is expected to provide services to up to 60,000 properties in Cumbria by 2026.

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