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Micron Needs a Rosy Outlook to Justify Its Soaring Stock Price

Micron is expected to report net earnings per share of 2.65onrevenueof2.65 on revenue of 11.2 billion in its fiscal fourth quarter. Micron Technology Inc.’s earnings after the bell Tuesday will shed light on whether the chipmaker’s high-flying stock has gotten ahead of itself after a 40% gain in September. Most Read from Bloomberg Wall Street is betting that Micron’s results will feature a strong forecast for its high-bandwidth memory chips, a key component of the artificial intelligence infrastructure buildout. The ...