Gate News reports that on March 18, Micron Technology, the largest memory chip manufacturer in the United States, will release its Q2 earnings after the US stock market closes. According to the average forecast from surveyed economists, Micron’s net profit for Q2 is expected to reach $10.1 billion, with revenue projected at $19.6 billion, representing year-over-year increases of 540% and 144%, respectively. Driven by massive spending in artificial intelligence computing, demand for memory and storage components has surged, causing memory chip prices to soar. Micron’s stock has risen over 60% so far this year. Hendi Susanto, portfolio manager at Gabelli Funds, stated that although this pricing environment may not last forever, current supply shortages suggest capacity will be sold out this year and next. Micron’s stock may not have reached its peak yet, with the biggest risk being overly high market expectations.
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