Micron Beats Q3

Micron Technology Inc. (NASDAQ: MU ) delivered a blowout third-quarter earnings report, and the ripple effect is lifting shares of fellow memory and storage names SanDisk Corp. (NASDAQ: SNDK ), Western Digital Corp. (NASDAQ: WDC ), and Seagate Technology Holdings PLC (NASDAQ: STX ).

MU stock is climbing after earnings. Watch the price action here. Investors are reading Micron’s numbers as confirmation that the upcycle in memory, NAND and broader storage demand remains intact, driving a bid into the entire group. 60 per share, according to Pro.

Year-over-year revenue growth of about 346% highlights how rapidly demand for high-bandwidth memory and advanced DRAM is hitting the balance sheet. 3 billion give Micron considerable firepower to keep investing aggressively in capacity and technology. The Outlook The forward guidance is what really ignited enthusiasm across memory peers. 95 billion.

50. Wall Street often treats Micron as a bellwether for the broader memory and storage complex, so its strong print and outlook naturally spilled over into SanDisk, Western Digital and Seagate. These companies supply NAND flash and HDD solutions that sit alongside DRAM and HBM in data centers and edge infrastructure, so improving pricing and volume trends in Micron’s core markets typically foreshadow better fundamentals for them too. 71 during after-hours trading on Wednesday, according to Pro.

95 during after-hours trading on Wednesday. Read Also: SpaceX Stock Selloff Is Not Your Chance To FOMO In, Expert Says Photo: Mentor57 / Shutterstock