Reported 12 months ago
Micron Technology recently released its fiscal 2024 third-quarter results, which showed strong revenue growth and profitability driven by memory prices and AI chip demand. Despite the stock falling after the results, the company's outlook for the fourth quarter remains optimistic, with impressive growth projections. Micron's focus on AI-related products like HBM chips positions it well for sustained growth, as the demand for AI chips continues to rise. The article suggests that investing in Micron stock following the recent pullback could be beneficial considering its potential for future earnings growth.
Source: YAHOO