True ValueThe Memory-Chip Rally Lifting Micron Isn’t Done
When Micron Technology reports its fiscal first-quarter earnings on Wednesday afternoon, investors will be listening for the memory chip maker’s outlook in the next few quarters. Micron is one of three companies, along with Samsung and SK Hynix, that make high-bandwidth memory, a key component of AI chips. Surging demand for AI chips has lifted memory chip revenues for all three companies in the past year or so. That in turn has lifted all three stocks by more than 100% this year—Micron...