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Micron (MU) Q4 Earnings Preview: AI-Driven Chip Demand Fuels 93% YTD Rally
Micron (MU) Q4 Earnings Preview: AI-Driven Chip Demand Fuels 93% YTD Rally
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BTCCSquare news:
Memory chipmaker Micron Technology prepares to report fiscal Q4 earnings amid surging demand for high-bandwidth memory chips. Wall Street anticipates $2.81 adjusted EPS, a 138% year-over-year jump, with revenue projected at $11.12 billion. The stock's 93% year-to-date gain reflects booming AI infrastructure needs.
Analysts highlight Micron's nine-quarter streak of earnings beats and raised guidance. Rosenblatt maintains a $200 price target, citing DRAM pricing improvements and execution strength. The report lands as semiconductor stocks ride an AI-driven capital expenditure wave across cloud providers and tech giants.
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