Micron Technology’s Stellar Performance Continues: A Look at the Semiconductor Industry Titan’s Q2 Earnings and Future Outlook

Investors Bullish on Micron Technology as Stock Surges — TradingView Report

Micron Technology, Inc. (MU) has experienced a significant increase in stock performance, with shares returning +28.2% over the past month. The Idaho-based company is a leading provider of semiconductor memory solutions worldwide.

Since being added to the Focus List on December 27, 2016, shares have increased by 373.82% to $110.21. For the current quarter, Micron Technology is expected to post earnings of $0.19 per share, representing a year-over-year change of +113.3%.

One analyst has revised their earnings estimate upwards for fiscal 2024 in the last 60 days. The company has an average earnings surprise of 69.6% and is forecasted to see growth of 92.6% for the current fiscal year. This is a promising sign for investors looking to capitalize on Micron Technology’s positive performance in the semiconductor industry. The earnings estimate for the next fiscal year is $7.46, indicating a remarkable change of +2,359.7% from the previous year.

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