This week is significant for AI investors as Micron ($MU) is set to report earnings on Wednesday, a key data point until late July. Analysts predict a potential 12% move after earnings, with Micron's stock sitting at an all-time high and an expensive P/E. Micron has shown strong performance, beating expectations with $793M in profits and surpassing revenue estimates in the last quarter. The earnings report is anticipated to impact the semiconductor and AI sectors.
$MU reports after the close today https://t.co/PkuGOSxpnq Too far? $NVDA #hawktauh https://t.co/fiZJDu4LZ0
4 day high on $MU Reports this afternoon post close https://t.co/T9MbFWlGuF https://t.co/RyOQLOSn4f
It's a BIG day for semiconductors -- $MU earnings after market close! Check out that volume over the last few sessions... It's about to go down. 👀🍿 https://t.co/wFWAEwILhK
Perhaps $MU Micron reporting earnings after the close Wednesday leads to an EOQ semis rally after the horrific hate-selling equity indices had to suffer through from last Thursday's all time high print to the "horrific close" on Monday in the $NDX $QQQ Then again, what if the… https://t.co/YEGuJSF0F1
Micron $MU earnings preview: Analysts unveil new price targets ahead of Q3 print https://t.co/R89AZBgysO https://t.co/OyDAs88MrR
$MU Alright, we need to discuss Micron Technologies. It’s up 72% YTD. Last quarter, they surprised with a profit of $0.42 EPS when the street expected them to lose $0.26 a share. $793M in profits. They also beat revenues at $5.8B vs $5.3B. What does Micron do? They are a… https://t.co/ytbhfHQ3IX
$MU Alright, we need to discuss Micron Technologies. It’s up 72% YTD. Last quarter, the surprised with a profit of $0.42 EPS when the street expected them to lose $0.26 a share. $793M in profits. They also beat revenues at $5.8B vs $5.3B. What does Micron do? They are a… https://t.co/MlaWArXl1F
Micron $MU Earnings Setup - Stock Sits at an ATH and Expensive P/E Data in the table is choppy due to EPS dipping into negative territory recently, but 19x off of $7/sh expected earnings reflects expectations for a new spending cycle in the memory sector. Results tomorrow AH. https://t.co/w2Ibu5sVsB https://t.co/yw1QDyoFTf
Micron $MU Earnings Setup - Stock Sits at an ATH and Expensive P/E Data in the table is choppy due to EPS dipping into negative territory recently, but 19x off of $7/sh expected earnings reflects expectations for a new spending cycle in the memory sector. Results tomorrow PM. https://t.co/qaPRSnDkJF https://t.co/yw1QDyoFTf
$MU Earnings tomorrow. Big for the semi’s and AI space. Implied is about 16.5pts or about 12% move either way. Let’s poll. What you think will happen tomorrow after hrs?
Perhaps $MU Micron reporting earnings after the close Wednesday leads to an EOQ semis rally after the horrific hate-selling since last Thursday's all time high print in the $NDX $QQQ Then again, what if the collective doesn't "like" the report? Back to EOM May "rhyme"? https://t.co/pynF3M5gz6
Two potential market moving events this week are Micron's $MU earnings report on Wed. and the Personal Consumption Expenditure Index (PCE) report on Friday.
This is a big week for AI investors given $MU reports on Wednesday. This will be the most important AI data point until big tech reports late in July and $NVDA late in August (because Micron and Nvidia work together on HBM). While it's hard to predict what the stock will do, I…