Micron Guides Q4 Revenue to $50B, Supply Tight Through 2028
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron's Q4 revenue guide of ~$50B, up from Q3's $41.46B, signals AI-driven demand is still accelerating. Supply tightness is now expected to persist through 2028, per Wolfe Research, removing near-term oversupply risk. Apple naming MU a key DRAM supplier adds a marquee customer validation. The bullish setup is tempered by Michael Burry's increased short position and Martin Shkreli's warning that leveraged AI trading could trigger sharp selloffs — a risk for a stock already up massively YTD. This follows the record Q3 results and $200B investment plan announced in May.
At the time of this announcement, MU was trading at $783.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $929.5B. The 52-week trading range was $103.38 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.