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Micron Technology Q3 Earnings Preview: AI-Driven Demand Fuels Optimism
Micron Technology Q3 Earnings Preview: AI-Driven Demand Fuels Optimism
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BTCCSquare news:
Micron Technology (MU) prepares to release third-quarter FY25 results amid surging investor confidence. The stock has rallied over 45% year-to-date, buoyed by robust demand for memory chips powering AI workloads. Wall Street anticipates earnings of $1.60 per share—a 157% year-over-year leap—with revenues projected to climb 30% to $8.86 billion.
Data center expansion and high bandwidth memory (HBM) chips are driving this growth trajectory. Micron has consistently beaten EPS estimates in eight of the last nine quarters, reinforcing its position in the semiconductor sector. Analysts from Wells Fargo and Citi recently raised price targets, citing sustained AI-related demand for DRAM products.
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