Why Is Everyone Talking About Micron Technology Stock?
When Micron Technology (NASDAQ: MU) reports earnings, the event tends to set the tone for semiconductor companies in the upcoming earnings season. Micron's unusual fiscal year results in financial reports in an otherwise dead lull, a couple of weeks before most companies roll out their quarterly results.
It happened again this summer. Micron crushed Wall Street's third-quarter estimates near the end of June, setting the stage for a plethora of strong reports from the semiconductor industry. The memory chip maker is a weather vane for technology stocks at large, so it's only natural that Micron generates lots of headlines.
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Source Fool.com
