Micron Shares Rise Over 300% YTD Amid Memory Chip Shortage; Wall Street Buoyant Ahead of Earnings
Shares of Micron Technology (NASDAQ:MU) have surged over 300% year-to-date, driven by a global shortage in memory chips. Analysts from major banks including Bank of America and Morgan Stanley are optimistic about the company's upcoming earnings report, with estimates for Q3 EPS ranging between $20.42 to $22.17.
Topics: AI inference demand EPS forecasts memory chips Micron Wall Street expectations