Reported 7 months ago
Shares of Micron Technology (NASDAQ: MU) have seen a remarkable 58% gain in 2024, outperforming the PHLX Semiconductor Sector index. The memory market's recovery in demand and pricing has been key to Micron's success. Investors will be watching closely after June 26 when the company releases its fiscal 2024 third-quarter results to see if Micron can sustain its momentum. With increasing memory prices and strong demand, analysts are optimistic about Micron's future growth potential driven by AI applications, projecting a substantial rise in revenues and earnings. As AI adoption grows in the PC and server markets, Micron's growth is expected to accelerate further, positioning the company for continued success.
Source: YAHOO