Micron (MU) Beats Stock Market Upswing: What Investors Need to Know

Micron (MU) closed at $1,043.49, up 2.73% and outperforming the S&P 500's 1.49% gain. The chipmaker is forecasted to report Q3 EPS of $31.45 (up 937.95% YoY) and quarterly revenue of $50.86 billion (up 349.48% YoY). With a Forward P/E of 6.41 below the industry average of 21.21, MU holds a Zacks Rank #3 (Hold) rating.