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Why Micron Shares Are Rising

Published 28/04/2022, 17:45
© Reuters Why Micron Shares Are Rising
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Shares of semiconductor stocks, including Micron Technology, Inc. (NASDAQ: NASDAQ:MU), are trading higher in sympathy with QUALCOMM, Inc. (NASDAQ: QCOM), which reported better-than-expected second-quarter EPS and sales results.

Qualcomm (NASDAQ:QCOM) reported fiscal second-quarter revenue of $11.16 billion, which beat the $10.6 billion estimate. The company reported quarterly adjusted earnings of $3.21 per share, which beat the estimate of $2.91 per share…Read More

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Micron's DRAM and NAND products are tailored to PCs, data centers, smartphones, game consoles, automotives and other computing devices.

According to data from Benzinga Pro, Micron is trading higher by 3.29% at $68.66. Micron has a 52-week high of $98.45 and a 52-week low of $65.67.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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