INSANE: Will micron s earnings show a rebound in memory chip demand | Vintage Vibes

Micron Technology (MU) will report quarterly earnings results for Q4 after the close of trading today, and the market will be looking for evidence that demand for memory chips is improving.  A sign of improving demand for the chips will go a long way toward repairing sentiment in technology stocks that have been hammered by soaring bond yields.  Micron has fallen -2.9% this month, faring better than the -6% fall in the Nasdaq 100 ($IUXX) (QQQ) on expectations the market for memory semiconductor products is showing signs of a recovery.

Semiconductor chip makers have suffered from a collapse in orders for memory chips this year amid slack demand for smartphones and personal computers.  Although neither of those markets is showing a substantial rebound, the excess inventory of memory chips is falling.  The shrinking memory chip inventory may help balance supply and demand and allow chip makers to take advantage of increased orders for their highest-performing products needed for artificial intelligence (AI) related computer systems.