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Benzinga
Benzinga
Business
Priya Nigam

This Stock May Rally Even As Other Chip Stocks Dip

Micron Technology MU Nasdaq Tony Zhang

Micron Technology, Inc. (NASDAQ:MU) is scheduled to report its quarterly earnings after the closing bell on June 30.

On CNBC's "Options Action," Tony Zhang said that Micron Technology traded almost two times its average daily volume on Wednesday. Options traders are implying a sizable move of 7.6% on earnings versus 5.1% over the last eight quarters, he added.

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