Micron Technology prepares for fourth quarter earnings report on September 30

Micron Technology will publish its quarterly earnings results on 30 September, and investors are deciding whether to buy the stock before then.

Micron makes memory chips that are widely used in artificial intelligence systems. Its share price has grown about fourteen times over the last five years, though it is currently around 20% lower than its recent peak.

Several analysts believe the stock is cheap compared to expected near-term profits. It trades at 6.5 times forecast earnings, which they say is low.