What Investors Should Watch Heading Into Micron's Q4

Micron's next earnings in June will offer critical signals. If it delivers upside on HBM shipments and boosts FY2025 guidance, we could see a significant re-rating. Investors should also monitor the HBM competitive landscape—any leap from Samsung or SK Hynix could shift pricing power. And finally, watch for geopolitical risks: export rules, China sanctions, or supply chain shocks. Micron is more resilient than peers, but not immune.