Will Uptrend In Memory Market Aid Micron (MU) Q4 Earnings?
Zacks Investment Research | Sep 23, 2019 11:29PM ET
Micron Technology Inc.'s (NASDAQ:MU) fourth-quarter fiscal 2019 results, scheduled to be reported on Sep 26, are likely to gain from a stabilizing memory market amid macroeconomic woes.
Notably, improving stability in the levels of NAND and DRAM inventories is expected to benefit DRAM and NAND pricing. Moreover, a sequential increase in worldwide chip sales in July indicates growing demand, which is a positive for Micron.
Shares of Micron have soared 56.3% year to date compared with the S&P 500 Index’s 19.9% gain.
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