Prediction: Micron Will Crush Earnings And...
While Micron is set for another strong quarter, a blowout quarter is unlikely to lift the stock on its own.
Overview
If you've been watching the latest season of the hit TV series Ted Lasso, you know the show has taken AFC Richmond's "Believe" motto and added the word "and" for the new women's team he manages. It's a riff on the axiom among improv actors to always say "Yes and..." during a performance. One reason is that "Believe" alone won't always get you the results you want.
In the same vein, I "believe" that Micron Technology (NASDAQ: MU) is going to crush earnings when the company reports its fiscal Q4 earnings after the bell on Wednesday, Sept. 30 ... "and" it won't matter for the artificial intelligence (AI) stock. So if you're expecting the stock to soar on a great earnings report and near-term guidance, don't hold your breathe.
Image source: The Motley Fool
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Originally published at www.fool.com.