Why Micron Could Double Its Valuation
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Micron is expected to have a strong earnings release on December 18, 2024, due to its HBM3E chip and favorable market conditions. The company is also buying back shares, which could lead to increased capital returns.
December 06, 2024 | 8:30 pm
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Micron is expected to have a strong earnings release on December 18, 2024, driven by its HBM3E chip and favorable market conditions. The company is also buying back shares, which could lead to increased capital returns.
Micron's HBM3E chip is expected to significantly boost revenue, leading to potential gross margin gains in FY 2025. The favorable market outlook and share buybacks suggest strong earnings and potential capital returns, positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100