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Top 5 things about $MU as the company approaches Q3 earnings release on June 26th:
1. Micron's long-term growth is supported by its strong market position, with the company controlling a quarter of the DRAM market in the first quarter of 2022, up from its 21% share in the first quarter of 2017.
2. Micron reported revenues of $5.82 billion in the last reported quarter, representing a year-over-year change of +57.7%. The company also posted adjusted earnings of $0.42 per share, significantly exceeding the forecasted loss of -$0.253 per share.
3. Wall Street analysts have an average price target of $136.48 for Micron, with projections ranging from a low of $85.00 to a high of $225.00.
4. DRAM (Dynamic Random Access Memory) is a type of memory that stores each bit of data in a separate capacitor within an integrated circuit. It is widely used in various electronic devices, including PCs, smartphones, and servers. Unlike static RAM (SRAM), which retains its contents as long as power is supplied, DRAM requires periodic refresh to maintain its data integrity.
5. Micron's stock price has shown impressive growth over the past year, with a 75% increase. The stock has been boosted by the company's strong performance in the memory market, driven by the growing demand for applications related to artificial intelligence (AI).
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