Micron Is Poised to Surge After Its Fiscal Year Ends
Micron Technology will soon release its fiscal 2026 results, which could give the stock a nice shot in the arm.
Overview
Micron Technology (NASDAQ: MU) has delivered a multibagger performance over the past year, clocking stunning gains of 488% on the market during this period amid phenomenal growth in revenue and earnings.
However, the September Effect has taken a toll on Micron stock this month. Its shares are nearly flat in September as of this writing. But the stock's fortunes could turn around after the company releases its fiscal 2026 fourth-quarter results (for the recently concluded fiscal year) on Sept. 30.
Details
Let's see why that's likely to be the case.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.