Should You Buy Micron Before Sept. 30? 1 Number Could Send the Stock Soaring
It's not a dollar figure though.
Overview
Micron (NASDAQ:MU) is set to report fourth-quarter earnings after the bell on Sept. 30.
The memory chip giant has been one of the most closely watched stocks in the AI boom after soaring more than 1,000% as AI compute demand has sparked an unprecedented shortage of memory. As a result, revenue and profits for Micron and its peers have skyrocketed.
Details
As one of the three leading memory chip companies in the world, along with Samsung and SK Hynix, Micron, the only U.S. stock in the group, has emerged as a popular choice for investors who want exposure to the bottleneck.
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.