$Micron Technology(MU)$ Micron released their earnings post-market last night (Tuesday, 23rd Sep), in line with analyst's expectations, the company surpassed earnings consensus with a positive sign of AI trade and strong demand as seen from the company's struggle to produce enoguh of its Memory products to meet demand.
The company's strong beat resulted in a slight up-tick of about 0.44% post-market as of writing.
Investors and Analysts saw the potential in Micron more so in the past month, where it rose 41% in the last month. I entered Micron about a week ago and rode the tail-end of the momentum (currently up about 5%)
Right before earnings was released, I sold off 20% of my exposure in Micron (MU) as a risk mitigation (in the event the company's earnings was a disappointment)...thankfully it wasn't. I will be exiting the remaining in the company 1-2 weeks.
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