Micron stock set to explode
Micron's stock still isn't that expensive
Micron makes memory chips, and memory is in short supply right now. Artificial intelligence (AI) demand is consuming nearly all memory production capacity, which has caused prices to soar.
Micron is capitalizing on this and delivering some of the best quarters the company has ever seen. Two quarters ago, Micron generated $13.6 billion in revenue. In its latest quarter, it produced $23.9 billion in revenue. Next quarter, Micron projects $33.5 billion in revenue.
That's a substantial run-up in a short time frame, and Wall Street analysts are even more bullish than the company. They expect the company to beat guidance and announce $33.8 billion in revenue for the quarter, which equates to 263% year-over-year growth.
Micron makes memory chips, and memory is in short supply right now. Artificial intelligence (AI) demand is consuming nearly all memory production capacity, which has caused prices to soar.
Micron is capitalizing on this and delivering some of the best quarters the company has ever seen. Two quarters ago, Micron generated $13.6 billion in revenue. In its latest quarter, it produced $23.9 billion in revenue. Next quarter, Micron projects $33.5 billion in revenue.
That's a substantial run-up in a short time frame, and Wall Street analysts are even more bullish than the company. They expect the company to beat guidance and announce $33.8 billion in revenue for the quarter, which equates to 263% year-over-year growth.
61-69, M
