Micron Technology (MU) Stock Surges 4% In A Five Days: Is It The Best Stock Of The Week?

Last Monday, Micron Technology’s price, which designs, manufactures, and sells memory and storage products worldwide, was traded at $71.26. Nevertheless, during the week it is moving upward moderately by achieving 4% profit. On Tuesday, September 28, the company will report earnings after the market close. The data storage chip maker is estimated to have made a profit of $2.33 per share on revenue of $8.23 billion for the fourth quarter of the fiscal year 2021.

The company operates in four segments: the Computing and Network Division, the Mobile Division, the Data Storage Division, and the Embedded Division. It offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory, under the Micron and Crucial brands and private trademarks. The company provides memory products for cloud servers, enterprise, client, graphics, and network markets, also for smartphones, and other mobile device markets, as well as memory and storage products for the automotive, industrial, and consumer markets.

April Sanchez

Business and Tech Reporter