Micron Needs a Rosy Outlook to Justify Its Soaring Stock Price

Micron is expected to report net earnings per share of $2.65 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 ...