Micron (MU) Earnings Preview: Analysts Expect $20.83 EPS

AI Summary

Micron Technology (MU) is set to report earnings after the market closes on Wednesday, with analysts forecasting earnings of $20.83 per share on revenue of $35.75 billion. Shares closed at $1,051.77, having recently reached a new all-time high. However, following the earnings report, there are concerns that the stock could drop to $1,000, prompting trader vigilance. The broader market saw a tech sell-off, with the S&P 500 losing 1.44% and the Nasdaq Composite declining 2.21% on Tuesday.