From Nasdaq: 2025-06-07 18:37:00

Micron Technology (NASDAQ: MU) stock has surged 37% in recent months, driven by the recovery in tech stocks. The company is set to release its fiscal Q3 results on June 25, with strong potential thanks to artificial intelligence (AI) technology. Micron’s guidance includes a forecasted $8.8 billion in revenue, a significant increase from the previous year. The company’s high-bandwidth memory (HBM) chips have been selected by Nvidia for AI GPUs, indicating strong demand. Micron is looking to increase the price of its HBM chips by 11% this year due to high demand. As a result, Micron’s growth prospects are promising, making it a potential buy before its earnings report.

Investors may want to consider investing in Micron Technology before its June 25 earnings report. Consensus estimates project a 437% increase in earnings this year and a 57% jump in the next fiscal year. Micron’s stock is currently trading at 23 times earnings, with a forward earnings multiple of 9, indicating strong potential for growth. The company’s median 12-month price target of $130 suggests a 27% increase from current levels. With the expected earnings growth and market demand for AI chips, Micron Technology could offer significant returns for investors.



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