koolgal
06-24

🌟🌟🌟$Micron Technology(MU)$ is the 5thlargest chipmaker in the world, specialising in computer memory and storage. 

Due to AI boom, Micron Technology's share price has surged to record high.  Even though  it closed down 3% last Friday, Micron has jumped 69% year todate.  In 2023, Micron's shares have skyrocketed 113%.

Wall Street Analysts are bullish on Micron with a Buy rating, Target price of USD 150.58 according to Tipranks.   This is an upside potential of 8%.

I am bullish on Micron too as its DRAM and NAND chips are critical for data centres, consumer devices, cars and industrial equipment.

Micron is expected to report earnings on June 26 after the market close.  Wall Street Analysts expect Micron to post quarterly earnings of 48 cents per share which represents a year over year increase of 133%.  Revenues are expected to be USD 6.64 billion, up 76% from previous year quarter. 

I believe that $Micron Technology(MU)$ share price may jump if it meets or exceeds earnings expectations.  Exciting times are ahead for Micron with the AI rally. 

@TigerStars  




@財報話你知：⏰本週美光科技財報重磅嚟襲！你睇好咩？
Will You Bottom Micron at $130 or Lower?
Micron's financial report significantly exceeded market expectations in all indicators, and its outlook guidance generally met market expectations. However, despite excellent financial performance, the outlook guidance not exceeding market expectations caused the stock price to fall in after-hours trading. --------------------------- What's your target price for Micron? Will you hold Micron in the long-term?
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