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.
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One of the major benefits, and perhaps one missed by most economists, of the recently implemented trade tariffs by President Trump is the onshoring of new investment capital. The reason is that, as globalization itself is being put on the back burner due to rising trade costs, companies are now more incentivized to start manufacturing their products within the United States.
Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.