Source :
Apple Intelligence :
• Earnings Reporting: Carnival, FedEx, Micron Technology, and Nike will report quarterly earnings.
• Micron Technology Earnings: Micron Technology is expected to report EPS of $1.438 and revenue of $8.83 billion for the third fiscal quarter of 2025.
• Micron Technology Growth Drivers: Strong demand for Micron’s products, particularly in data centers and AI applications, and robust sales of HBM offerings.
• Micron’s Gross Margin Trend: Declining non-GAAP gross margin, potentially due to competitive pricing or product mix changes.
• Housing Market Outlook: Declining new-home sales volumes and downward pressure on prices due to rising mortgage rates and excess inventory.
• Inflation Projection: Modest increase in core PCE price index, with year-on-year inflation rates expected to rise due to base effects.
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