Micron Stock

acf/google-ad-placement

Micron Technology Inc MU heads into its <a href="https://www.benzinga.com/quote/MU/earnings">first-quarter earnings</a> announcement with a mix of optimism and caution.



<h1 class="wp-block-heading">"Choppy Quarters Ahead"?</h1>



As Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, puts it, "choppy quarters ahead for NAND" could pose a challenge, with pricing and inventory pressures in the smartphone and PC markets.



However, the analyst also highlights AI-related applications as a potential offset, giving Micron a chance to weather the storm.



Read Also: <a href="https://www.benzinga.com/24/12/42553082/how-to-earn-500-a-month-from-micron-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Micron Stock Ahead Of Q1 Earnings</a>



<h1 class="wp-block-heading">Bullish Technical Signals Keep Optimists In The Game</h1>



Micron's stock, currently trading at $110.93, flashes bullish signs across key technical indicators. 



<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18114211/Screenshot-2024-12-18-at-10.11.43-PM.png" alt="" class="wp-image-698134" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18114211/Screenshot-2024-12-18-at-10.11.43-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/18114211/Screenshot-2024-12-18-at-10.11.43-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>



<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121824&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>



It sits well above short- and medium-term moving averages, with the eight-day simple moving average (SMA) at $103.94, the 20-day SMA at $102.07 and the 50-day SMA at $104.07. 



The Moving Average Convergence Divergence (MACD) at 1.15 also suggests momentum is on the bulls' side.



However, the 200-day SMA of $110.93 coincides with the price, remaining a hurdle, signaling a potential resistance level.



<h1 class="wp-block-heading">AI: A Light At The End Of The NAND Tunnel?</h1>



The market will be laser-focused on how Micron balances the dynamics of two divergent forces:



<ol>
<li>NAND Weakness: Elevated inventories and pricing pressure.</li>



<li>AI Opportunities: As Silverman notes, secular growth in AI applications could provide a much-needed boost, potentially offsetting the broader NAND market challenges.</li>
</ol>



<h1 class="wp-block-heading">What's Expected?</h1>



Analysts estimate an EPS of $1.76 and revenue of $8.72 billion. But beyond these numbers, investors will be scrutinizing the company's guidance. Can Micron sustain its AI-driven growth momentum, or will "choppy quarters" in NAND drag it down?



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/trading-ideas/previews/24/12/42549182/us-stocks-to-open-higher-as-rate-cut-expectations-surge-all-eyes-on-dow-jones-to-break-its-9-day-losing-streak">US Stocks To Open Higher As Rate Cut Expectations Surge: All Eyes On Dow Jones To Break Its 9-Day Losing Streak</a></li>
</ul>



Photo: NPS_87 on Shutterstock

Technicals

Previews

Tech

Trading Ideas

Analysts optimistic but cautious about Micron Technology Inc's Q1 earnings, citing challenges in NAND market but potential boost from AI.

Application error: a client-side exception has occurred (see the browser console for more information).