BUZZ - Preview: Micron stock rises ahead of quarterly earnings release

September 30 - ** Micron Technology (MU.O) shares rose 0.9% on Wednesday. The company is scheduled to announce quarterly earnings after the close, and investors are awaiting confirmation of continued strong demand related to artificial intelligence data center construction.

** According to forecasts by the London Stock Exchange Group (LSEG), this memory chip manufacturer is expected to report a 351% surge in fiscal fourth-quarter revenue to $51.07 billion, with adjusted earnings per share at $31.61, compared to $3.03 in the same period last year.

** Netlist (NLST.PK) said on Tuesday that it has filed a complaint with the U.S. trade court (link), seeking to block imports of certain Micron memory chips.

** Driven by strong chip demand, Micron Technology (MU) shares have soared about 277% so far this year, far outpacing the Nasdaq Index .IXIC's 16% increase.

** MU shares are currently about 11% below the record high closing price set on June 25, 2026.

** Of the 49 analysts covering the stock, 46 have a “buy” or “strong buy” rating, and 3 have a “hold” rating.

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