Micron Technology is expected to announce its earnings after the close on 30 September U.S. Eastern Time. Large investors are aggressively buying options and placing their bets, with the sustainability of HBM demand, supply trends and guidance for the next quarter expected to be the key areas of focus.
Ahead of Micron Technology’s earnings announcement scheduled for 30 September, analysts expect demand for high-bandwidth memory to remain solid as AI infrastructure expands. At the same time, the market may focus on factors including the potential prolongation of supply shortages, competitiveness in HBM4 and market trends following increased capital expenditure. The stock fell 2.22% in trading on 23 September, closing at $1,071.88.
Technically, the stock is considered to be in a bullish EMA alignment indicating an uptrend. Downside levels to watch include $979.69, near the 20-day moving average, and $938.12, the 60-day EMA. On the upside, reference levels include $1,079.41, the upper Bollinger Band, $1,066.87, the 23.6% Fibonacci retracement level, and the recent 60-day high of $1,168.50.