Micron Technology Inc. (NASDAQ: MU) is set to report its fiscal fourth-quarter financial results after the markets close on Tuesday.

The global trends taking shape today, including machine learning and big data analytics, have the potential to create significant opportunities for Micron.

The firm is focused on positioning the company to realize these opportunities by investing in Technology and products while also strengthening its balance sheet.

Its results reflect solid execution of its cost reduction plans and ongoing favorable industry supply and demand dynamics.

The stock has already been hitting multiyear highs, but a strong earnings report could push shares to a level not seen since 2001.