mesh cube
Micron (NASDAQ:MU) is set to report earnings for its fourth-quarter as well as for FY 2024 on September 25, 2024, and I believe the memory and storage company has benefited from accelerating spending on high-bandwidth memory solutions in
Micron: I Am Buying The Drop Hand Over Fist Before Q4
Summary
- Micron is set to benefit from accelerating spending on AI products, including high-bandwidth memory solutions.
- An escalating shipment ramp of HBM3E memory solutions could yield a strong margin picture for Micron at the end of the month.
- The EPS revision trend for Micron is highly favorable ahead of the Q4'24 earnings report date on September 25, 2024.
- Micron's shares trade at an attractive P/E ratio of 7.0X, well below the industry average, presenting a compelling investment opportunity ahead of earnings.
I am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, AMD, NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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