Micron's 65% Surge Puts Lofty AI Expectations Front And Center
What is Micron's current year-on-year revenue growth expectation?
Micron's current year-on-year revenue growth expectation is nearly 80%, with Wall Street anticipating the company to report $6.7 billion in revenue in the quarter. This growth is driven by factors such as demand for artificial intelligence applications and a ramp-up in high bandwidth memory chips.
What is Wall Street's earnings per share estimate for Micron?
Wall Street's earnings per share estimate for Micron is $0.50, reflecting a 9.5% increase in the last three months. This growth is driven by demand for artificial intelligence applications and a ramp-up in high bandwidth memory chips. Analysts anticipate Micron to report $6.7 billion in revenue in the quarter, a nearly 80% jump from the same period a year earlier.
How much has Micron's stock increased this year?
Micron's stock has surged by approximately 65% this year, driven by high demand for its memory chips in the AI market3. The company's strong second-quarter results and collaboration with AI-chip designer Nvidia have contributed to the rise in share prices.