Micron Technology Inc. MU is scheduled to report third-quarter fiscal 2020 results on Jun 29.The company’s performance in the soon-to-be-reported quarter is likely to have gained from strong memory-chip demand from PC manufacturers and data-center operators.Click here to see how the company fared in the fiscal second quarter.Strong Memory-Chip Demand Amid Coronavirus CrisisMicron’s business has been resilient to the coronavirus pandemic’s impact on global economic activities. During its fiscal second-quarter earnings call, the company had stated that coronavirus-led global lockdown is spurring demand for PCs and notebooks as more and more workers and students are now working and learning from home. The trend is expected to have continued in the fiscal third quarter as well, thereby driving its top-line performance. Micron Technology, Inc. Price and Consensus Micron Technology, Inc. price-consensus-chart | Micron Technology, Inc. QuoteThe work-and-learn-from-home necessity is also spurring demand for cloud storage. Furthermore, the lockdown has enhanced the usage of online services globally. Therefore, data-center operators are enhancing their cloud-storage capacities to accommodate the need of growing demand for cloud services, which is driving demand for memory chips.However, weak demand across the smartphone, automotive and consumer electronics industries is expected to have partially offset the benefits of solid demand from PC manufacturers and data-center operators.Nonetheless, Micron’s efficient inventory management is anticipated to have mitigated the unfavorable impact of change in memory-chip demand. During its last earnings call, the company had stated that it has moved its memory supply from smartphones to service the rising demand in data-center and PC markets. The memory-chip maker also revealed that it has adequate inventory to counter the near-term supply-chain disruptions caused by the COVID-19 crisis.Product-wise, Micron’s quarterly DRAM revenues are likely to have improved year over year and sequentially as well. The Zacks Consensus Estimate for DRAM revenues is currently pegged at $3.21 billion, indicating a 5.7% year-over-year increase and 4.2% sequentially.Revenues from NAND products are likely to have increased to $1.6 billion from the $1.48 billion witnessed in the year-ago quarter and $1.51 billion in the second quarter of fiscal 2020.Zacks Rank & Other Stocks to ConsiderMicron currently carries a Zacks Rank #2 (Buy).A few other top-ranked stocks in the broader technology sector are Chegg, Inc. CHGG, Atlassian Corporation TEAM, and NVIDIA Corporation NVDA, each carrying a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The long-term earnings growth rate for Chegg, Atlassian and NVIDIA is currently estimated at 30%, 22.6%, and 16.9%, respectively.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Chegg, Inc. (CHGG): Free Stock Analysis Report Atlassian Corporation PLC (TEAM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research