BUZZ -PREVIEW: Micron Technology rises ahead of Q2 results

Shares of memory chipmaker Micron Technology MU.O rise 1.5% to $103.60 ahead of Q2 results due after markets close

Wall Street expects Q2 revenue of $7.89 bln vs $5.82 bln a year earlier, according to data compiled by LSEG

Analysts estimate adj. EPS of $1.42, compared with 42 cents a year earlier

Raymond James said earlier this week that MU remains on track to achieve high bandwidth memory chips market share in-line with its overall dynamic random access memory chips market share this year

Brokerage says that while near-term memory chips pricing remains weak, it expects some stabilization in H2 2025

"Sentiment around MU overall feels mixed into the print with Asian investors leaning long while U.S. investor expectations seem much more cautious," Bernstein analyst Michael Chiang says

Of 39 analysts covering the stock, 34 rate "buy" or "higher", four "hold" and one "sell", median PT $125 - LSEG

Including session's moves, MU up ~23% vs. ~7% decline in Philadelphia SE Semiconductor Index .SOX, YTD