Will Micron Soar on Wednesday? Watch These 3 Things When It Reports Earnings
The memory chip superstar will deliver a highly anticipated earnings report Wednesday afternoon.
Will Micron Soar on Wednesday? Watch These 3 Things When It Reports Earnings
Overview
Micron (NASDAQ: MU) has been one of the biggest winners on the stock market over the past year, thanks to an epic AI-driven shortage of memory chips.
As a result, memory stocks have soared across the board, with Micron gaining 767% in a year. The stock even topped $1 trillion in market cap along the way, as have the two other South Korean memory giants, SK Hynix and Samsung.
Details
The memory chip market has historically been highly cyclical, and Micron's recent gains haven't come without sharp pullbacks. In fact, the stock was down 13% on Tuesday, following the slide in its South Korean peers on fears about leveraged ETFs based on Samsung and SK Hynix.
Source
Originally published at www.fool.com.
