This year, chip giant Micron Technology, whose stock price has risen by more than 60%, will announce its financial report after the market closes.

Micron Technology, the largest memory chip manufacturer in the United States, will announce its financial report after the US stock market closes on Wednesday. According to the average expectation of surveyed economists, Micron Technology's net profit for the second quarter is expected to reach $10.1 billion, with revenue expected to reach $19.6 billion, representing a year-on-year increase of 540% and 144% respectively. Due to the significant spending in the field of artificial intelligence computing driving demand for memory and storage components, memory chip prices have soared, leading to a more than 60% increase in Micron Technology's stock price year to date. Hendi Susanto, portfolio manager at Gabelli Funds, stated that although this pricing environment will not last forever, various signs indicate that there is tight supply this year and production capacity will be sold out next year. While the stock price of Micron Technology may still have room to grow to reach its peak, the biggest risk at the moment is market expectations being too high.