πThe upcoming September 30 earnings report is a huge touchstone for
$Micron Technology(MU)$ rather than a peak. The market is looking forward to explosive AI data that could push the stock even higher.
The looming strike at its Taoyuan factory in Taiwan has not stopped the stock because Micron recently offered a record breaking bonus package of up to 68 months of pay to resolve the issue. This just underscores how incredibly profitable Micron is.
Wall Street expects Micron to report quarterly earnings of USD 31.45 per share. This is a staggering 937% increase compared to the same time last year.
Micron controls 24% of the HBM market. Big Tech buyers like $NVIDIA(NVDA)$ rely on these chips to build AI networks, giving Micron strong pricing power.
If Micron beats expectations it could skyrocket toward new highs. However if future guidance in revenue shows even a slight slowdown, it could drop sharply.
It is better to wait until post earnings.
@TigerStars @Tiger_comments
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