$Micron Technology(MU)$ Earnings beat estimates, but after market price seems to be down, possibly due to profit taking after the amazing rise YTD. But Micron continues to be strong forward looking with a profitable 2025 expected due to HBM for AI, it should rebound and hit $150 in the next few weeks.
@MaudNelly:$Micron Technology(MU)$ industry outlook: "We now expect that the industry bit supply growth for DRAM & NAND in calendar 2023 will be below demand growth, which will help improve supplier inventories. While the supply-demand balance is expected to gradually improve, due to the high levels of inventories, industry profitability and free cash flow are likely to remain extremely challenged in the near term"εΎε