Micron Stock Has Reclaimed $1,000—What Comes Next

Dow Jones

Sep 08

Micron Technology has pushed back above $1,000 a share. The memory-chip maker could be set for further gains in the run up to its earnings report late this month.

Micron closed up 6.1% at $1,016.59 on Friday, closing above the $1,000 mark for the first time since Aug. 17.

The stock wasn’t trading on Monday with markets closed for the Labor Day holiday. However, there could be positive signs in the movements of its Asian peers. Memory-chip rivals SK Hynix and Samsung Electronics rose 8.3% and 5.7%, respectively, in South Korean trading.

The next major event comes when Micron reports its fiscal fourth-quarter earnings, due Sept. 30. The company’s adjusted earnings per share are expected to rise to $30.89 from $2.84 for the same period a year earlier, while revenue is projected to rise to $50.41 billion from $11.32 billion, according to FactSet.

Barron’s previously argued Micron could double in price when it was trading around above $1,100.

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The company’s adjusted earnings per share are expected to rise to $30.89 from $2.84 for the same period a year earlier, while revenue is projected to rise to $50.41 billion from $11.32 billion, according to FactSet.</p><p><em>Barron’s</em> previously argued Micron could double in price when it was trading around above $1,100.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron Stock Has Reclaimed $1,000—What Comes Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron Stock Has Reclaimed $1,000—What Comes Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-08 14:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/MU\">Micron Technology</a> has pushed back above $1,000 a share. The memory-chip maker could be set for further gains in the run up to its earnings report late this month.</p><p>Micron closed up 6.1% at $1,016.59 on Friday, closing above the $1,000 mark for the first time since Aug. 17.</p><p>The stock wasn’t trading on Monday with markets closed for the Labor Day holiday. However, there could be positive signs in the movements of its Asian peers. Memory-chip rivals <a href=\"https://laohu8.com/S/SKHY\">SK Hynix</a> and Samsung Electronics rose 8.3% and 5.7%, respectively, in South Korean trading.</p><p>The next major event comes when Micron reports its fiscal fourth-quarter earnings, due Sept. 30. The company’s adjusted earnings per share are expected to rise to $30.89 from $2.84 for the same period a year earlier, while revenue is projected to rise to $50.41 billion from $11.32 billion, according to FactSet.</p><p><em>Barron’s</em> previously argued Micron could double in price when it was trading around above $1,100.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MU","symbol_name":"美光科技","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2665531265","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2665531265","pubTimestamp":1788847200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Micron Technology stock closed up 6.1% at $1,016.59 on Friday, closing above the $1,000 mark for the first time since Aug. 17.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MU":"美光科技"},"translate_title":"美光科技已追回 1,000 美元——接下来会发生什么","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/88362130ec4d9a91c26aa5019d586ab9","symbols_score_info":{"MU":1.97},"content_text":"Micron Technology has pushed back above $1,000 a share. 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The company’s adjusted earnings per share are expected to rise to $30.89 from $2.84 for the same period a year earlier, while revenue is projected to rise to $50.41 billion from $11.32 billion, according to FactSet.Barron’s previously argued Micron could double in price when it was trading around above $1,100.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}