The looming strike at its Taoyuan factory in Taiwan has not stopped the stock because Micron recently offered a record breaking bonus package of up to 68 months of pay to resolve the issue. This just underscores how incredibly profitable Micron is.
Wall Street expects Micron to report quarterly earnings of USD 31.45 per share. This is a staggering 937% increase compared to the same time last year.
Micron controls 24% of the HBM market. Big Tech buyers like $NVIDIA(NVDA)$ rely on these chips to build AI networks, giving Micron strong pricing power.
If Micron beats expectations it could skyrocket toward new highs. However if future guidance in revenue shows even a slight slowdown, it could drop sharply.
It is better to wait until post earnings.
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- Chungllq·09-23 20:44That 68 month bonus cuts both ways lol. Labor cost pressure plus this kind of earnings spike still screams cycle to me, not some clean straight line upLikeReport
- SummerNight·09-23 20:44HBM share matters less than HBM3E yield ramp here. I care more about gross margin and capex tone after earningsLikeReport