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Micron Technology (MU) Stock Gains Analyst Optimism Ahead of Q3 Earnings
Micron Technology (MU) Stock Gains Analyst Optimism Ahead of Q3 Earnings
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BTCCSquare news:
Micron Technology's stock is attracting heightened Wall Street attention as top analysts revise price targets upward before its fiscal Q3 earnings release on June 25. The semiconductor firm has seen shares surge 30% in a month and 46% YTD, fueled by AI-driven demand and sector-wide recovery.
Analysts project Q3 EPS of $1.59 (up from $0.62 YoY) and revenue of $8.85 billion, representing 30% annual growth. The bullish outlook stems from Micron's high-bandwidth memory solutions for AI applications, with tech giants like Microsoft and Meta expanding data center infrastructure.
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