Micron Technology Inc. is set to announce its fiscal second quarter earnings on Thursday, with expectations that revenues, gross margins, and earnings will meet consensus estimates, but guidance may be weaker than anticipated. Analysts at JPMorgan predict that the company will provide soft guidance for the third quarter, with revenue, gross margin, and earnings falling short of expectations. Despite softer NAND bit shipments and ASPs due to high inventory levels in consumer markets, Micron’s sustained demand for HBM and strong DRAM pricing trends are expected to drive growth. The company is also maintaining a strong position in key platforms for Nvidia Corp. Shares of Micron Technology fell by 2.11% to $100.93 at the time of publication. Analyst Harlan Sur has an Overweight rating on the stock with a price target of $145. For more updates on top stock movers and trading ideas, check out the Benzinga India Telegram channel.
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