Micron (MU) has recovered significantly alongside other chip stocks after tapping 2-year lows last April. Nick Raich says a "beat doesn't matter" in earnings, suggesting the company needs a raise and other strong indicators of A.I.
The chip maker stock was trading just 1% from its all-time high of $149.43 on Jan. 6 by Tuesday's close.
The memory-chip maker's stock is among the S&P 500's top performers in June, as investors stay bullish on better DRAM pricing and demand for HBM chips.
Micron (MU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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MU's Q3 performance is likely to reflect benefits from strong demand for memory chips used for AI servers and an improving demand-supply environment for DRAM.
Micron Technology (MU) is slated to report fiscal third-quarter earnings after the bell Wednesday, with analysts expecting the memory chip maker's profits to more than double from a year ago.
Evaluate the expected performance of Micron (MU) for the quarter ended May 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Micron (MU) concluded the recent trading session at $121.82, signifying a +1.23% move from its prior day's close.
Micron's stock has surged by over 40% YTD, and has seen it outperform its peers from the Nasdaq and semiconductor terrains by 9-10x. MU's direction of travel will now be keenly dictated by how it fares at its Q3 earnings which are due to be released post market on the 25th of June. We touch upon some of the notable sub-plots that could dominate that event.
MU stock climbs 18% in three months as AI demand, HBM growth and diversification fuel long-term optimism.
Earnings season is mostly over, but next week one report will capture investor attention.