Should You Buy Micron Before Sept. 30? 1 Number Could Send the Stock Soaring

Micron ( MU -2.01% ) is set to report fourth-quarter earnings after the bell on Sept. 30.

The memory chip giant has been one of the most closely watched stocks in the AI boom after soaring more than 1,000% as AI compute demand has sparked an unprecedented shortage of memory. As a result, revenue and profits for Micron and its peers have skyrocketed.

As one of the three leading memory chip companies in the world, along with Samsung and SK Hynix , Micron , the only U.S. stock in the group, has emerged as a popular choice for investors who want exposure to the bottleneck.

The stock is likely to swing big following its earnings report, as its results have been difficult for Wall Street to predict, and because the stock is historically volatile due to the cyclicality of memory.