Quick overview

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Micron Technology has investors seeking new ways to wager on artificial intelligence infrastructure. (MU).

The memory chip manufacturer, which will release its earnings after market close on Wednesday, has seen its shares nearly double since the April bottom of the S&P 500 (^GSPC) and is now the index’s fifth-best performer during that time.

Naturally, given the size of the stock’s gains, any report that falls short of being exceptional could lead to a selloff. Micron has increased by 95%.Since April 8, the day before US President Donald Trump ignited a relief rally by halting tariffs

Investors search for benefits beyond well-known stocks like Nvidia because of spending on AI computing equipment. High-bandwidth memory, essential to AI computing and comprises of bundles of dynamic random access memory chips closely connected to Nvidia processors, is driving Micron’s expansion.

 The supply is still limited  because it is difficult to produce and deploy such components, which contributed to price inflation

The average of analyst estimates compiled by Blo predicts that the Boise, Idaho-based company will report adjusted earnings per share of $1.60 on revenue of approximately $8.9 billion.
Investors will also be focused on profitability after second-quarter gross margins failed to meet Wall Street’s expectations.

The average of analyst estimates indicates that adjusted gross margins will be 36.8 percent in the third quarter, down from 37.9 percent in the previous quarter.

NewStreet Research analysts are expecting DRAM and NAND gross margins to rebound.