Reported 8 months ago
Micron Technology is set to release its Q3 earnings report for fiscal year 2024, with expectations of reporting a profit compared to a loss in the previous year. Analysts anticipate revenue of $6.7 billion and net income of $399.39 million for the quarter. Investors are keen on updates regarding Micron's AI and Nvidia partnerships, with analysts predicting strong guidance due to AI memory exposure and potential gains from collaborating with Nvidia. Micron's ties to Nvidia, especially in producing high-bandwidth memory chips for AI GPUs, have positioned the company for growth alongside Nvidia. Micron shares have risen over 62% this year, closing at $139.01.
Source: YAHOO