Micron is scheduled to report its fourth-quarter earnings after the closing bell today. Micron stock has been in focus due to improving chip trends.
Yesterday, Broadcom (AVGO) stock fell 2.70% in after-hours trading after the chipmaker announced a convertible stock offering.
Last week on CNBC’s Mad Money, host Jim Cramer signaled bullishness toward Micron stock. The stock, currently trading at $49.60, rose 0.9% yesterday.
Micron Technology (MU) stock is in the spotlight this week, as the company is set to release its fiscal 2019 fourth-quarter results on Thursday after markets close.
Micron (MU) increased its capital spending from $3.1 billion in fiscal 2014 to $8.8 billion in fiscal 2018 and increased its ROI from 16.8% to 42.4%.