Micron Technology's stock is experiencing significant growth ahead of its earnings release this week. Analysts predict potential upside of 40%, despite uncertainties about the impact of earnings on the stock. The company's revenue turned positive in Q4 last year, leading to a surge in stock value. Market experts are divided on whether Micron will beat or miss expectations, with some anticipating a pullback in the semiconductor sector.
🎙️ “I’m in the camp that we’re closer to a major pullback in the semis and in the markets than another leg up.” Ahead of Micron earnings Wednesday, @GarethSoloway tells @DianeKingHall what the technicals are saying about $MU and #tech stocks:
The most anticipated earnings release this week is Micron Technology $MU. The chip name saw a sizeable retracement last week just like the other chip names. After a massive bullish year, what next for the ticker?
ITS MICRON EARNINGS WEEK. $MU The stock has RIPPED since Y/Y revenue flipped back into positive territory back in Q4 of last year... Pick your side -- beat or miss? 👇 https://t.co/QK2hokLFj8
Micron’s stock could wield 40% upside — even though earnings may not be a driver https://t.co/wBcjoUg2Lh
Micron Stock Is on Fire. Analysts Say There’s More Room for Gains. https://t.co/lJ4GDQ3NUm