Micron ($MU) Earnings Report to Impact AI and Semiconductor Sectors with Potential 12% Move

This week is significant for AI investors as Micron ($MU) is set to report earnings on Wednesday, a key data point until late July. Analysts predict a potential 12% move after earnings, with Micron's stock sitting at an all-time high and an expensive P/E. Micron has shown strong performance, beating expectations with $793M in profits and surpassing revenue estimates in the last quarter. The earnings report is anticipated to impact the semiconductor and AI sectors.