) stock is trading higher as investors await the company's quarterly earnings report, scheduled for release after the market closes on Wednesday. The surge in interest is largely driven by the growing artificial intelligence sector and increasing demand for memory solutions — with Wall Street analysts projecting Micron to report revenue of $6.7 billion for the quarter.
We know the PC and smartphone demand structure a little bit more clearly so seeing a return to that kind of cyclical demand is a positive catalyst for this stock. Because, like we were just talking to Stuart Kreiser about earlier in the show and he's been following it, as well as many strategists out there in the street, just more broad based.
Obviously of the A. I trade of a I adoption and exactly the role it is it is going to play in that story going forward, and we've seen that name swept up with many others that are on the screen right now when you're taking a look at NVIDIA and a Broadcom.This signals about the overall health of the industry and demand wise, I think, is really going to be the focus there of a micro after the belt today.This super dividend stock offers high yield and visibility over earnings growth.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Källa: GlobalCalgary - 🏆 50. / 61 Läs mer »