Micron Faces 7.75% Earnings Test After 261% Rally
Micron Technology (MU) is set to release its fiscal fourth-quarter earnings after the market close on Wednesday. The stock has surged 261% this year, and investors are looking to see if the memory boom continues to fuel its rally.
Micron Technology (MU, Financials) has been one of the biggest winners in the AI rally. Investors will soon get a read on how much of the memory boom is still left. After the market close on Wednesday, Micron is due to report fiscal fourth-quarter earnings, with expectations elevated after the stock rose 261% this year and 560% over the past year.