It is just a temporary dip after profit taking. With the chips control act, Micron will gain its advantage & to move to the next leap in AI. It will goes up again. Similar to NVIDIA
Micron Drops 7% After Forecast Fails to Meet Lofty Expectations
-- Micron Technology Inc., the largest US maker of computer memory chips, declined in late trading after its forecast failed to meet the sky-high expectations of some investors.YouTuberDr Disrespect Was Allegedly Kicked Off Twitch for MessagingMinor. Supreme Court Poised to Allow Emergency Abortions in Idaho. Volkswagen Invests $5 Billion in EV Startup Rivian to Form Joint Venture. FedEx Stokes Investors With Hint of a Freight Deal. Nvidia Rout Takes Breather as Traders Scour Charts for Support. Though Micron is getting a boost from the AI computing boom, demand is still sluggish in its traditional markets, such as personal computers and smartphones. Those areas are only beginning to recover from a historic slump last year.The shares fell about 8% in extended trading. Micron had rallied 67% this year before the close, lifted by investor expectations that it will be one of the main beneficiaries of AI spending.Micron competes with South Korea’s Samsung Electronics
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
