“Micron Just CRUSHED Earnings — Is MU Stock a BUY?”
MU fundamentals are strong due to AI/HBM demand, but valuation is high; buy only on a pullback to ~$950.
Micron just announced its earnings, and I'm not simply using the word "sweep," but those numbers were truly phenomenal. Micron has just announced quarterly revenues of $54.2 billion .
This represents an increase of approximately 380% compared to what it was just one year ago.
Adjusted earnings reached $33.42 per share . And if you think those numbers are impressive, wait until you see what Micron has told us about the next quarter, where management is forecasting revenue of around $61.5 billion and adjusted earnings per share of $38.15.