Earnings Outlook: Micron earnings: As memory-chip glut persists, can forecast raise hopes?

Micron Technology Inc. faces a lowered bar for its quarterly results, but will need to show signs of a turnaround in the memory chip market later to avoid yet more concerns.

Micron MU, +2.94% is scheduled to report fiscal second-quarter earnings after the bell Wednesday. The Boise, Idaho-based chip maker has had to contend with its own success after booking record sales in its most recent August-ending quarter as vendors scrambled to stock up on DRAM and NAND memory chips while prices were on the rise. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in USB drives and smaller devices such as digital cameras.

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