Prediction: This Nasdaq Stock Could Start Soaring After March 20
The past few weeks have been rough for technology stocks. The sector has been hammered by the tariff-induced trade war, which has led investors to book profits and enter a risk-off mode amid concerns regarding a potential economic slowdown.This explains why, at the time of this writing, the Nasdaq-100 Technology Sector index has pulled back 13% in the past month. Not surprisingly, Micron Technology (NASDAQ: MU), one of the components of the Nasdaq-100 index, has witnessed volatility on the stock market this year. However, recent results from semiconductor peer Broadcom indicate that the market's willing to reward stocks that are clocking robust growth and have a positive long-term outlook.That's why it wouldn't be surprising to see Micron stock get a nice shot in the arm when it releases its fiscal 2025 second-quarter results on March 20. Let's see what's expected from Micron's upcoming quarterly report, and check why its numbers and guidance could land ahead of Wall Street's expectations.Continue reading
The past few weeks have been rough for technology stocks. The sector has been hammered by the tariff-induced trade war, which has led investors to book profits and enter a risk-off mode amid concerns regarding a potential economic slowdown.
This explains why, at the time of this writing, the Nasdaq-100 Technology Sector index has pulled back 13% in the past month. Not surprisingly, Micron Technology (NASDAQ: MU), one of the components of the Nasdaq-100 index, has witnessed volatility on the stock market this year. However, recent results from semiconductor peer Broadcom indicate that the market's willing to reward stocks that are clocking robust growth and have a positive long-term outlook.
That's why it wouldn't be surprising to see Micron stock get a nice shot in the arm when it releases its fiscal 2025 second-quarter results on March 20. Let's see what's expected from Micron's upcoming quarterly report, and check why its numbers and guidance could land ahead of Wall Street's expectations.
