Micron earnings test chip market’s shaky nerves

Investors are bracing for Micron Technology’s quarterly earnings report, as the semiconductor sector swings wildly in recent weeks. The chipmaker’s results, due after the closing bell, could set the tone for the broader industry. Markets have been volatile, with chip stocks seesawing on concerns over demand, supply chain issues, and global economic uncertainty. Micron, a major producer of memory chips, is seen as a bellwether for the sector. Analysts expect the company to report a drop in revenue compared to last year, reflecting a slowdown in demand for personal computers and smartphones. However, growth in data center and artificial intelligence chips may offer some support. A strong report could calm nervous investors. A weak one may deepen the current sell-off. All eyes are on Micron.