Micron (MU) Jumps 7% on Christmas Rush, Strong Earnings

Micron managed to eke retired a 7.1 percent summation week-on-week contempt dipping successful the reddish connected Friday, amid a operation of Christmas unreserved and beardown capitalist confidence, supported by its beardown net show and highly optimistic outlook for the fiscal twelvemonth 2026.

In an updated study the week prior, Micron Technology Inc. (NASDAQ:MU) said that it more-than-doubled its nett income during the 4th to $5.24 cardinal from $1.87 cardinal successful the aforesaid play past year. Revenues climbed by 56 percent to $13.6 cardinal from $8.7 cardinal year-on-year, beating its earlier midpoint guidance of $12.5 billion. The unreality representation and mobile and lawsuit concern units contributed the bulk of the revenues.

Following the results, Micron Technology Inc. (NASDAQ:MU) said that it is present targeting revenues successful the 2nd 4th to ascent adjacent higher, astatine $18.7 cardinal astatine the midpoint.

Diluted net per stock are besides pegged astatine $8.19 astatine the midpoint.

“Our Q2 outlook reflects important records crossed revenue, gross margin, EPS and escaped currency flow, and we expect our concern show to proceed strengthening done fiscal 2026. Micron’s exertion leadership, differentiated merchandise portfolio, and beardown operational execution presumption america arsenic an indispensable AI enabler, and we are investing to enactment our customers’ increasing request for representation and storage,” said Micron Technology Inc. (NASDAQ:MU) Chairman, President, and CEO Sanjay Mehrotra.

While we admit the imaginable of MU arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.