An analyst said investors were largely expecting Micron to miss on its outlook. Instead the company's forecast topped expectations.
Micron Technology forecast first-quarter revenue above market estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry.
The semiconductor company reports earnings after the closing bell today, and Kevin Green expects a "pretty decent" move to the upside or downside. As Micron (MU) works with other big names in A.I.
Bill Baruch, founder & president at Blue Line Capital, joins CNBC's “Halftime Report” to explain why he's bullish on Micron.
To gain an edge, this is what you need to know today.
Wall Street is looking for August quarter revenue of $7.65 billion with adjusted earnings of $1.11 a share.
Micron Technologies Inc is scheduled to report earnings after Wednesday's close. The stock hit a record high of $157.54/share in 2024 and is currently trading near $95.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Ahead of Micron (MU) 4Q earnings report, Paul McCarthy with Kisco Capital talks about how Micron can show it's a growing name in the A.I. race by comparing it to Nvidia (NVDA).
Micron Technology Inc MU will be reporting its fourth-quarter earnings on Wednesday. Wall Street expects $1.13 in EPS and $7.64 billion in revenues as the company reports after market hours.
UPDATE—Sept. 25, 2024: This article has been updated to reflect more recent analyst estimates and share price information.
Artificial intelligence stocks have pulled back, with this leader down 43% from its highs. Yet Wall Street sees a scenario where the stock more than doubles from here in an AI-fueled up-cycle.