🌟🌟🌟$Micron Technology(MU)$ 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.
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- CuritisCissie·06-24Nice analysisLikeReport
- 不死鸟.·06-24谢谢分享1Report