Mark June 24 on Your Calendar: The Report That Could Send Micron Parabolic Again
Traders expect a 10% earnings swing as options volume surges and Micron’s guidance, not just its results, is set to steer the stock.
- Investors are focusing on the semiconductor sector this week as Micron and Cerebras prepare to report earnings, testing the resilience of the current market rally.
- Micron reports Wednesday amid high volatility, with traders anticipating a 10% swing in share price, the largest implied earnings move since December 2024.
- A $61 million purchase of Micron 430-strike calls expiring July 17 highlights bullish positioning, though ThinkOrSwim data shows 34,000 calls were sold on the Roundhill Memory ETF Monday, compared to just under 20,000 bought.
- Super Micro Computer shares surged 16% Monday after announcing a new data center blueprint using Nvidia architecture, as traders bought almost 10 times more calls than puts in SMCI.
- Chipmaker Cerebras reports earnings Tuesday for the first time since going public, with options prices implying a significant move following the company's debut last month.
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Mark June 24 on Your Calendar: The Report That Could Send Micron Parabolic Again
The post Mark June 24 on Your Calendar: The Report That Could Send Micron Parabolic Again appeared first on 24/7 Wall St.. Micron Technology (NASDAQ:MU) has gone vertical. Shares are nearly at $1,200. MU jumped 880% from in one year. Year-to-date, the move sits at 280%, which makes the broader technology complex look sedated by comparison. The headwind into June 24 is the arithmetic of that run. Consensus analyst target sits at $866.60, well bel…
Investors are expecting strong earnings from Micron. Uncertainty about the progress of Middle East peace talks dampened sentiment on Wall Street on Monday.
Micron Technology is reporting its figures this week and they have their own figures. The share has almost quadrupled since the beginning of the year and still has a KGV of only 10.2 for 2027. The most important driver is the explosive demand for high bandwidth memory (HBM) from the AI sector. Growth is causing the company's balance sheet to glow. We look at the most important key figures and the expectations of the analysts, which are currently…
NEW YORK — Micron Technology (Nasdaq: MU), the memory chip giant, is scheduled to present its financial results for the third fiscal quarter of 2026 this Wednesday, June 24. Wall Street projects figures that would have seemed unimaginable 18 months ago, reflecting the transformation of the company from a manufacturer of basic components to a crucial actor in the Artificial Intelligence (IA) ecosystem. This evolution has driven Micron’s actions b…
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- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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