Prediction: This Artificial Intelligence (AI) Stock Will Skyrocket After March 18 (Hint: It's Not Micron)
JabilJabil(US:JBL) Yahoo Finance·2026-03-16 20:27

Group 1: Micron Technology - Micron Technology is set to report its fiscal 2026 second-quarter results on March 18, with expectations of continued growth following a 323% surge in the past year [1] - The demand for memory chips is strong, particularly from AI data centers, and supply constraints are expected to keep prices high [2] Group 2: Jabil - Jabil's AI business is experiencing significant momentum, with the stock rising after its previous quarterly report due to revenue and earnings exceeding Wall Street expectations [5] - AI is identified as the primary growth driver for Jabil, as hyperscalers utilize its data center infrastructure solutions [6] - Jabil has increased its fiscal 2026 AI revenue outlook to $12.1 billion, reflecting a 35% increase over the previous year, up from an earlier estimate of 25% [7] - The company is negotiating with more hyperscalers for AI-focused solutions, indicating a strengthening revenue pipeline [7] - Jabil's management has guided for fiscal Q2 revenue between $7.5 billion and $8 billion, with earnings projected at $2.27 to $2.67 per share, suggesting a potential year-over-year revenue increase of 16% and a 27% spike in earnings [9]

Prediction: This Artificial Intelligence (AI) Stock Will Skyrocket After March 18 (Hint: It's Not Micron) - Reportify