Micron's Weak Outlook Sparks C

2022-07-01

Micron's Weak Outlook Sparks Concerns of Chip Down Cycle

Micron Technology

Micron Technology Inc projected fourth-quarter revenue and profit below market estimates on Thursday, a sign that geopolitical turmoil and weakness in consumer spending would weigh on demand for its memory chips.

Shares of the Boise, Idaho-based company initially fell 6.3% in extended trading but later pared losses to trade 2.2% lower. The weak outlook could raise broader concern the chip market is heading into a down cycle after a recent shortage.

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Comments

EvanHolt
2022-07-02
EvanHolt
We should be contrarian, and maybe that's a good thing.
Maria_yy
2022-07-02
Maria_yy
There is no way, it is affected by the macro economy.
HilaryWilde
2022-07-02
HilaryWilde
Perhaps a cold winter is coming for the semiconductor industry.
DonnaMay
2022-07-02
DonnaMay
What a good post, I learned a lot.
ElvisMarner
2022-07-02
ElvisMarner
Do you own MU? What's the cost?
MortimerDodd
2022-07-02
MortimerDodd
Micron's revenue forecast did disappoint.

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