Positive

From Nasdaq: 2024-12-16 08:01:00

Micron Technology, Inc. is set to announce first-quarter fiscal 2025 results on Dec. 18, with expectations of strong performance driven by AI investments and memory chip market growth. The company’s DRAM and NAND revenues are projected to show impressive year-over-year increases of 73% and 112%, respectively.

Micron’s strategic partnerships with tech giants like NVIDIA and AMD have been key growth drivers, with collaborations on memory solutions for AI systems and GPUs enhancing the company’s revenue potential. These partnerships have positioned Micron as a vital supplier in the AI ecosystem, contributing to its overall success.

Experts predict that Micron’s performance in the upcoming quarter will be positively impacted by rising AI investments and strategic partnerships. With a Zacks Rank #3 (Hold), the company remains well-positioned for continued growth. For investors seeking top technology stocks, Marvell Technology, Inc. is a Zacks Rank #1 (Strong Buy) pick with promising earnings growth potential.

For investors looking to capitalize on tech sector opportunities, Zacks experts have identified 7 elite stocks with strong potential for early price pops. These hand-picked stocks have historically outperformed the market with an average annual gain of +24.1%. Additionally, Zacks offers free reports on top companies like Micron Technology, NVIDIA Corporation, Advanced Micro Devices, and Marvell Technology for further analysis.



Read more at Nasdaq: AI Investment Boom to Aid Micron Technology’s Q1 Earnings?