What To Expect From Micron Tech's Q3 Earnings - Bullish Analyst Lays Out Forecast

Quick Summary:

Mosesmann expects Micron to deliver a beat-and-raise as it enters one of the most significant memory cycles in history, driven by the increasing demand for memory in artificial intelligence applications, a new ramp-up in the High-bandwidth memory (HBM) industry that reduces supply available for traditional DRAM, and ongoing discipline in memory capital expenditures.

Also Read: Micron’s New York Chip Plant Faces Delays Due to Endangered Bats

Mosesmann flagged that the industry’s HBM supply remains critical to monitor as it struggles to meet demand, extending well into calendar 2025.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Benzinga Price Target Briefs Trading Ideas Expert Ideas News US5951121038 MU Analyst Ratings Stories That Matter Tech Reiteration

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Article Type: News Report

Published On: 2024-06-25 @ 18:34:44 (5 days ago)

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Language: English

Article Length: 389 words

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