Read more
3:53 PM · 1 April 2021

Micron stock rose 6% on good earnings and upbeat guidance

-
-
Open account Download free app

Micron (MU.US) stock surged more than 6% after the company posted upbeat quarterly figures. The chip maker forecast earned 98 cents per share, while analysts expected earnings of 95 cents per share. Revenue  of $6.24 billion came in slightly above market estimates. Company also issued upbeat fiscal third-quarter revenue forecast due to high demand for memory chips. “Micron’s strong fiscal second quarter performance reflects rapidly improving market conditions and continued solid execution,” said Micron Technology President and CEO Sanjay Mehrotra. “Our technology leadership in both DRAM and NAND places Micron in an excellent position to capitalize on the secular demand driven by AI and 5G, and to deliver new levels of user experience and innovation across the data center and intelligent edge.” Separately, The Wall Street Journal reported Micron is weighing a bid to buy Japanese chip maker Kioxia for approximately ​$30 billion. 

Micron (MU.US) stock has been trading in a sideways move recently. Today's session launched with a bullish price gap, however buyers failed to reach the upper limit of the range at $95.83 and price pulled back. The nearest support lies at $89.20 and is strengthened by 50 SMA ( green line). Source: xStation5

13 February 2026, 9:05 AM

Arista Networks closes 2025 with record results!

12 February 2026, 7:03 PM

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure

12 February 2026, 4:32 PM

Does the current sell-off signal the end of quantum companies?

12 February 2026, 3:58 PM

Howmet Aerospace surges 10% after earnings reaching $100 bilion market cap 📈

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits