Moo Brief: Micron's Q4 earnings ahead, will AI demand drive a stock rebound?

$Micron Technology (MU.US)$ will hold its fiscal Q4 and full-year earnings conference call on Wednesday, September 25, 2024, at 4:30 p.m. ET. Book the live now. Investors are keen to see if the company’s financial results can spark a rebound in its stock. Micron's shares have fallen nearly 40% from their peak of $157 due to market fluctuations, despite an initial surge earlier this year driven by enthusiasm around AI and semiconductors.

Recent earnings reports from $Western Digital (WDC.US)$ and $Best Buy (BBY.US)$ further support a positive outlook for Micron. Western Digital, a direct competitor of Micron, reported earnings 14% above estimates and an increase in flash ASPs, while Best Buy indicated a 3.9% year-over-year growth in its "computing and mobile phones" segment, indicating a recovery in consumer demand for PCs and smartphones.

Many mooers shared their thoughts on Micron in our community. Let's find out!
@10baggerbamm:
$Micron Technology (MU.US)$ Paul Meeks was just on.. the long and the short of it is he says some micron's going to have a down quarter but it's their guidance this Thursday that's going to make all the difference and he's very bullish on it he believes their Ford guidance is going to be outstanding and he says micron represents the best value of all of the key chip companies and he believes this Thursday during the conference call he's going to be vindicated and the stock trades significantly higher going forwards.
@Silverbat:
Time to load up!