TechFlow News, March 18: According to foreign media reports, Micron Technology, the largest U.S. memory chip manufacturer, will release its earnings after the U.S. market closes on Wednesday. Based on the average expectations of economists surveyed, Micron’s net profit for its second fiscal quarter is projected to reach $10.1 billion, with revenue expected at $19.6 billion—representing year-on-year growth of 540% and 144%, respectively. Soaring demand for memory and storage components—driven by massive spending in the AI computing sector—has propelled memory chip prices upward, sending Micron’s stock price up over 60% year-to-date. Hendi Susanto, Portfolio Manager at Gabelli Funds, stated that although this pricing environment will not last indefinitely, multiple indicators suggest tight supply this year and full capacity utilization next year. Micron’s stock price may still have room to climb toward its peak; currently, the biggest risk lies in excessively high market expectations. (Jinshi Data)
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